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Still await your reply mufcm. I’ll be completely honest here. I only noticed this BB after it was on the risers list last week and as you were filtered then I noted that practically all the posts came up as being filtered so I altered my settings. Then I noticed that this was pretty much the same strategy that happened on Gunsynd. You may try and get out of answering by saying pump and dump gangs etc. However. The majority of posters on these boards post because they have a financial motivation. Mine is I buy shares with the aim of one day selling an making money. Some have done well over past year- arb being a good one. Some not so. That’s the risk. Now you don’t own shares here so what is your motivation? The only things I can see is the link with Gordon Bowden. You even tried to get me to ring him on a few occasions. Now this is the thing. Shareholders buy shares and want to be able to sell them in the open market. They don’t buy with the intention of losing money, going to meetings and then trying to claim back through a third party. You offered the shoulder to cry on from shareholders here and posted details of Gordon Bowden several times. One would presume looking in that you get sorry for these shareholders and you wanted them to get something back. Agree? But the day this rose you posted once every 8 minutes, one would say to try and prevent a rise in the share price? Why would you do this? It is a simple question. It’s not about what I’ve done. It’s about what you are doing. Why the desperation? This board is all ears pal
Widows - anything positive on oyster like a positive cpr and imo it will re rate. Time frame unknown and it’s out of Gun’s hands. Micro caps like that have high risk and high reward as I’ve highlighted many times.
Still not answered the question mufcm. What are you doing here and on GUN? And why do you seemingly not want any long termers to get out and instead seek meetings with Gordon Bowden? It’s a simple question and any neutral which I am, can see what is happening with you not answering the question.
Bliss
Yes eyeguy I remember that indeed as unfortunately I hold a few gun shares head in hand emoji.
Joke
Jonah, nice post but I invested in the oil business, not schools or biotech.
I went to the AGM and I cannot tell you have utterly appalling it was. Landocean with $90m managed to squeeze 1500 per day (water)not the 10,000 per day which is what they said was needed. How can you pay so much for such failure to analyse the situation properly. Therefore it was doomed to fail. The water flood experts failed at the first hurdle. Secure enough blinking water!!!
So at the AGM we also heard about the rigs failing for some reason. If Erratic phil is still here he may recall. By that time I could not believe my ears and started laying into the management about such shocking circumstances and the balance sheet.
Now 1.5billion shares for £750k. Have you heard any of the management team saying we are going to take a temporarily pay cut like the directors at Qfi until we can get in a better situation. Have the shareholders been offered an OO with warrants attached at this 0.049 discounted price. What is this money for....they are hoping to find something, pump/dump. Squeeze a little from the Georgia story. How much is really needed to have a development manager getting one drill, reinvest, put a PR spin and repeat and get those rigs working 24/7. They could have got a small
Debt to Cover the basic costs against a rig if they were confident but this latest raise is a pump and dump sort of deal.
In my opinion this company is far from investable. It was one of my greatest regrets to constantly get sucked in. Pigs unfortunately (being a veggie) get slaughtered and I was a greedy pig. Lesson learnt but I hope PL gets his time and wrists slapped because what he did was in my opinion criminal.
I've lost money here, but that's the way with AIM. Should have listened to Carvegyber, who backed his negative opinion with reasoned facts, and listened what others had to say, on top of which he can carve gybe (presumably) which is remarkably difficult. Board members should try it sometime, but only if you enjoy drinking sea water.
I'm holding my meagre shares because they are worth so little there seems scant point in selling them. I suspect I am not alone in doing this. So can we have a sensible, if speculative, discussion (free from personal invective) about what RRL could possibly do next, such as
1. Do very little and just keep paying the directors as some have suggested.
2. Beef up the drilling business. We do have access to nice new rigs and need not confine operations to Trinidad.
3. What do we do with Indonesia?
d. Look for some new opportunities as per KG. Would it not be unreasonable to suggest these opportunities might link in with Sramek Biotech? A recently incorporated company in Hong Kong specialising in biomedical devices. Dr Sramek has been around a while and is pretty smart. He pioneered impedence methodology for cardiac output and ejection fraction (something I actually know something about as I worked in Cardiac services)
Interested to hear people's reasoned opinions.
Well well well.
Image my surprise to check in on my isa and find that these shares are worth something again.
Mind blowing, I'd written this off months ago.
No hope of making a profit but the fact that the firm is trading is a miracle.
I do wonder what company this is now if it has no assets in Trinidad. But hey like I say a wonder to see some value.
Earlier this week, Range Resources said it had agreed to sell its Trinidad business for USD2.5 million to LandOcean Energy Services Co Ltd to offset debt.
Range and LandOcean also agreed to offset approximately USD91 million of debt and payables due from Range to LandOcean.
Range had a previous debt restructuring agreement with LandOcean, but it was conditional on the acquisition of an educational business in China. When the acquisition fell through in July, it necessitated a new solution to Range's debt.
At the start of August, the stock exchange in Australia refused to restore Range's shares after the acquisition fell through due to debt concerns.
Now that the deal is back on, Range was hoping to be reinstated to the stock exchange in Sydney.
"Following this request, ASX informed the company that it is not willing to reinstate Range's securities to trading until ASX is satisfied that the company's financial condition is adequate, which primarily will require the company to complete the transaction," the company said.
Government and shareholder approval is still required for the deal to go ahead, with a shareholder meeting expected in November.
All debt agreements between Range and LandOcean have been deferred until the deal completes and, once the deal is complete, Range's "indebtedness will be fully extinguished and all debt agreements will be terminated
If you are posting as fact about the company not trading in 2020, that could be taken as securities fraud - if anyone traded based on that post.
Imo
For balance ASX suspend shares about 3 days before a placing. They have strict rules certainly compared to aim. They also suspend shares pending announcements whilst aim shares continue to trade. I personally don’t read much into that. And as I don’t hold here and have no intention of holding here I would say that is a fairly unbiased opinion wouldn’t you.?
It’s quite obvious imo what is happening. I would say if I was an rrl holder and if I was asked to go to a meeting to help recoup losses and if I was asked to pay a fee and if I logged in to see that the person that asked me to go was trying to force the sp down I would contact the fca.
I say if- because I don’t hold. But I suspect some out there are ifs and are mightily ****ed off.
That’s not correct. 60 posts all negative in a day. Circa every 7-8 mins with the goal of trying people not to buy the shares. This is not a balanced view. Also aware of the timing of the Bowden meetings which were very recent by the looks. It looks to me and I will say in my opinion that someone was desperate for the sp not to rise and allow long termers to exit. You can’t on one hand offer to listen to the long term sufferers constantly spamming the board with how they can recoup losses. And then on the other hand deny them or at least try to from making some money back on the open market. Would you not agree with this? This is not protecting newbies from rampers. It is imo denying termers from exiting. Does anyone else not see this ?
Suhail- yep. This is just plain wrong. I don’t hold here but I noted when I checked in after the rise that practically half the posts were filtered - I filtered said poster a few months ago from another BB. I feel strongly that bashing a share and then posting how shareholders can recoup losses by getting in touch with shareholder action groups and Gordon Bowden is bang out of order. It’s gone beyond having a negative opinion and it does feel like canvassing for business. I’m not suggesting It iS and can’t prove it but I certainly have my suspicions. There will be a higher demand for services like this at a lower share price of course. Is that the intention?
If I held here I would be emailing LSE and asking for clarification of what chat rules are.
Thanks for that SM3471 - I am new to this share so that is very informative. Thanks. I have done a lot of work in Trinidad in the oil patch and can say that a good service companies are hard to come by, Lets hope that the decision to take the service co against the oil revenue is the right one.
What was actually sold. There are concessions and a service co in Trinidad. Which one went?
Yep. 0.0.8. Paid.
Question?
Are these expected to resume trading on the Australian market prior to a deal being agreed?
Or is it the case we need the deal first to satisfy their requirements of a certain financial position before resuming trading?
GL genuine shareholders!
mannnan- it just doesn't sit right with me. Share prices are a future event. No one can say for sure that this sp will be 0.1 or 0.05 tomorrow. If anyone bought at 0.015 last month they would have made a lot of money by selling today. And longtermers which have averaged down could have escaped with a bit of cash. That's the market. No idea why so much bashing goes on unless people are paid to bash. It would make no sense otherwise. A negative post every 8 minutes is not an opinion. It is just desperation wanting the SP lower. Why would this be? Its not saving anyone is it- as discussed before longtermers who have lost money being led kindly somewhere else to recoup losses are seemingly not allowed to sell up, as the negativity may be affecting their sell price. It just plain wrong IMO.
People like them should be banned
The posts are the same as ANGS and GUN. Constant negativity and then posts for shareholders to recoup losses and attend shareholder meetings.
Not sure this is allowed under lse share chat rules
What we have noticed as soon as this share started rising few posters keep posting all the negatives despite the positive news hence the share price over 200 percent up. And I think this will continue rise in coming days further news coming out soon
Well I haven't seen that. However selling your stock on the open market to recoup losses is just what you do and what most would do. I personally wouldn't start shareholder action groups and which may need legal fees to recoup losses. I'm guessing these guys don't work for free.
So the question remains. Why would someone with no position and no financial interest take so much effort over many months to guide shareholders who have lost money to another entity, but as soon as the SP starts going up bash the cr4p out of the share with a negative post every 8 minutes over days, Do all long term holders appreciate this? I wouldn't. That's why the whole thing is very smelly indeed.