The way this has recovered over the past few trading days says a lot about our new underlying strength. Some positive news now, from MD250/251 and particularly in relation to the Colombian claim would have a marked effect on the sp I believe.
I'm good thanks Chris. Still through Dorking twice daily for work. Up for a beer if there's any interest, been a while. Wasn't MXO meant to be the next great thing? Seems to have joined the general AIM malaise. Whereas this one hasn't had a new low for over 6 months now which must be something of a record. Good to hear you staying active. I did 8 miles on a pushbike (1993 steel) last week - does that count?
Hi matey, how's things? I see that you are still here, as am I. It's been many years now, but waiting and hoping that something may change significantly for the better? I don't follow it here much in any detail, but read some posts a few times a week. At least most people here are of sound mind (I think!), rather than over on MXO which is supposed to be a winner, but in two years, little has happened. Oil is due to flow over there soon, so still waiting on that one too, plus a lot of Chinese interest. A possible takeover may ensue in due time.
Come down for a Beer if you are around and drag a few who remain along if they so wish. The Yeoman has been refurbished and to some extent, seems more like a cafe than a pub, apart from the main bar area. I give them 4/10 for effort! Still get the same old 'erberts in there of an evening!
Hope you are in rude health though? I have been doing a fair amount of Cycling on the IoW recently to keep myself in good shape. Covered around 80 miles on three day trip visits, but the hills are a bit steep, so I walk up them! Getting older so I don't go too mad these days! Carbon Fibre Bike next, subject to funds. Makes the hills seem less steep! Cheers, Chris.
Hi Mickdee my old mate..... As you know, I lost faith in Range a while back - I never ever thought this Columbia malarky would come to anything ( a quick google of the area will explain why ) and I said so at the time......
IMO - for what it's worth ( not a lot ) but this legal action / threat of legal action is nonsense - nothing will come of it...
Get it out the way ( Range ) and move on - nothing is going to happen ( IMO )
I respect your durability ( and bobo's :P ) Good Luck pal......
BTW Mickdee - My house is up for sale and I am moving away from sunny Alloa - I recall you owe me a beer / coffee so maybe catch you sometime soon.....
Good Luck all RRL holders - it's been a long hard slog with a story line that even the writers of EastEnders couldn't make up :) GLA :)
I think Range will be fighting the action on two fronts. One, that the original agreement was illegally entered into by someone under investigation by ASX and any action should be against that individual for fraud. If that is the case it could be argued that the initial agreement is nul and void. Two, the current BOD are trying to establish Range as a well run, legitimate , dependable company that will honour it's agreements rather than do the landauesk approach and ditch and run. We would also be banned from exploration in Columbia for a period of five years which doesn't look good on any oiler CV. A million dollars spent clearing RRL could/would be money well spent.
If Range has a subsidiary company in Columbia it is possible that it was formulated in somewhere like the BVI or another jurisdiction as if is common to choos a jurisdiction which had no commercial agreement with th country you operate in. Even if doesn't then Range probably cant be pursued in Australia or the UK as I doubt whether there are any commercial agreements in place as there are across the EU. If that is the case it would be useful to know why Range is spending money defending the ANH action.
robins - not mentioned because it was primarily a technical analysis focussed piece I'd imagine. Glad someone else has noticed the rising support line I've been banging on about for ages. Not sure where they get that resistance line from though, seems a little random though the angle is the same as the downtrend before the recent reversal.
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