i'll tell you what I contribute to this board.....a reality check to potential new investors who may get sucked in to your continuous ramping over the last 4 years where you have been wrong for that whole period. I'm a good place to start because I fell for all the ramping BS that Kev Yorks and, now Oma, spouts over on WS. I sold more shares, than you currently hold, at many multiples of today's price and it's one of the best things I ever did. This share will never reach the price I sold at unless it does a consolidation. You've spent 7k posts, ramping this dog, to try and get your money back. Whilst this dog has fleas, by association with PL it will be milked by the people running it. It will never make serious cash, like 99.9% of aim shares.
I understand a lot of things, Range have now got funding in place (subject to approval which should be a formality), we have massively cut our overheads, we have 4 new rigs on route and are making preparation for exploration and waterflood. I also understand that you have no interest in Range becoming good because you are not a shareholder and never will be, just a total waste of space. tell me what you contribute to this board, absolutely nothing!
There is an old saying that is extremely pertinent to you, "learn from your past mistakes" you obviously can't. All the market is worried about and focused on is income and profit, range have little of the former and none of the latter, until that changes the sp is on,y going one way. They could arrange for the biggest offshore rig, in the world, to do a deep drill and it would make no difference because if it doesn't strike oil in commercial quantities it's irrelevant. You've been here 4 years and still you can't understand that.
I would focus more on the fundamental work that has been going in preparation for the new drills and is necessary if we are to avoid delays when they arrive. St Mary's block and waterflood all being prepared for development. The increase in production over the quarter might not be huge but it is moving in the right direction. The real progress on production will be when we have the new drills in place.
Well let's start off the usual Friday closing sp competition. I believe that buyers will wake up to this as being a positive RNS and as such will call an 0.8 closing sp today. Any other suggestions at what we will close at today?
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