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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Range Resources Ltd Share Chat (RRL)



Share Price: 0.34Bid: 0.33Ask: 0.35Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 6.06%Open: 0.34High: 0.00Low: 0.00Yesterday’s Close: 0.34


Share Discussion for Range Resources Ltd


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ErraticPhil
Posts: 1,844
Off Topic
Opinion:No Opinion
Price:0.34
RE: Malcy's blog
3 May '17
There's a name from the past.....
 
DiamondDon
Posts: 6
Observation
Opinion:No Opinion
Price:0.34
RE: Malcy's blog
3 May '17
I should say it's looking increasingly positive. I reckon anyone invested at 0.3p-0.4p should expect a minimum return of 50-75% within the year, so I'd agree with Malcy this is a good value play - starting this year.

In other words, LTH's are still forked.
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.34
Malcy's blog
3 May '17
Range Resources
Still in Trinidad I notice that in my absence yesterday RRL put out a notice that they had signed an SPA for the repurchase of the RRDSL drilling company. The deal looks even better now as the repayment terms have been amended significantly making them less and later than planned, payments starting in 2020 give Range every chance to succeed with this business pretty soon. The shares remain suspended as this is an RTO but should return a good value play.
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
View Thread (3)
RE: Carve
2 May '17
Careful – posts under 50 are all considered new ID’s and get jumped on.

I was very p*ssed at the RTO and the recent “misreported” year exit BOPD figures. But I am happy that the change in interest rate will save us just short of $6m approx, when the 3 years are up which is no small amount of money.

I do share some the concerns raised by Carve , who is very anti-range but will have a sensible conversation over the same. Time will tell with Range but given that we are STILL here, I am not sure that we will fold. That said, I am somewhat tired of hanging around with no reward, my average of 0.47p allows me to take any decent spike as an attempt to get rid of this and forget about the whole torrid affair.

KRO
waythewindblows
Posts: 26
Off Topic
Opinion:No Opinion
Price:0.34
Carve
2 May '17
"anything up near 1p and I will run off into the sunset" I've been saying this for the past two years...
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
Carve
2 May '17
I think you have been a bit down on Range on this one.

There is a completely different spin on this that the BOD have actually negotiated a good (better) interest terms.

I am inclined to agree that the terms previously agreed were somewhat unsustainable but hopefully this change means that we can look to be profitable and payback the monies.

Needless to say, I will not be here come 2020 anyways. I am looking to exit within the next 12 months should the chance arise, anything up near 1p and I will run off into the sunset.

Bounty.
carvegyber
Posts: 5,574
Off Topic
Opinion:No Opinion
Price:0.34
Cowboy management
2 May '17
It looks like someone in this outfit worked out the numbers for the new set up is not sustainable so reduced and extended the repayment dates of the loans so that this isn't going to hit the rocks once it comes out of suspension.

This is left hand negotiating with right hand stuff just to pay lip service to the poor PIs.

To those LTHs who are still listening to some serial rampers on here and continually averaging down, please stop doing so and reduce your exposure when there is a spike. This outfit is uninvestable. Wise up. Be objective.
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.34
Good morning all
2 May '17
Good to see us making progress with the RRDSL acquisition/RTO this morning. Must be good news it has woken manos from his bed AGAIN. Just how many incarnations does this guy have? For the record have been away travelling in Indo-China so haven't really been looking in much of late. back now though so normal service being resumed :)
biglad0001
Posts: 625
Off Topic
Opinion:No Opinion
Price:0.34
RNS
2 May '17
RNS Number : 2147Z
Range Resources Limited
12 March 2017

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

AGREEMENT TO ACQUIRE RRDSL AND PROPOSED REVERSE TAKEOVER

Range is pleased to announce the signing of binding Heads of Agreement (the "Heads of Agreement") for the acquisition of 100% of Range Resources Drilling Services Limited ("RRDSL"), an established oilfield services business based in Trinidad.

Highlights:

· RRDSL is a major oilfield services company in Trinidad with of a large modern fleet of 12 rigs, including 4 drilling rigs purchased during 2014. RRDSL currently employs over 160 staff;

· Range plans to continue with its upstream operations, and believes the acquisition will significantly lower its operating and drilling costs in Trinidad and provide substantial operational flexibility;

· Range also believes RRDSL will be in a good position to take advantage of the increasing activity in the E&P sector and sees this acquisition as an opportunity to grow RRDSL into a leading oilfield services provider in the Caribbean region;

· The amount of consideration for the proposed acquisition is US$5.5 million (subject to adjustment as set out below). In addition, RRDSL has a loan from LandOcean which totals approximately US$19.5 million ("Existing Debt");

· Payment of the consideration is due by no later than the date falling three years after completion and is subject to 6% interest per annum. Similarly, repayment of the Existing Debt will be due to be made in cash no later than three years from completion date, subject to 6% interest per annum;

· The proposed transaction, if completed, would constitute a reverse takeover that will be subject to a vote of the Company's shareholders and relevant regulatory stock exchange approvals. Accordingly, as required by Rule 14 of the AIM Rules for Companies, an admission document and notice of general meeting (the "Notice of Meeting") will be sent to the Company's shareholders in due course which will, among other things, convene a general meeting of the Company at which a resolution approving the transaction will be proposed;

· The Company has requested a suspension of trading in its shares on AIM with immediate effect pending the publication of an admission document. The Company has also requested a voluntary trading halt on ASX; and

· The Company continues to evaluate acquisition opportunities in the upstream sector.

RRDSL overview

RRDSL was previously owned by Range and sold to LandOcean Petroleum Corp. Ltd ("LandOcean Petroleum"
Wimbledon
Posts: 14,652
Off Topic
Opinion:No Opinion
Price:0.34
rns
2 May '17
out




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