Agree , I think it's PL's great deal making coming undone. He is a pure genius... after all it's a good business practice to rob Peter to pay Paul thus all the loans. It is all catching up and I guess that is us investors that will cop it in the neck in the end. SP not high enough to get out and low enough that the only option is to stay...if that makes sense. ****ed! expected just a a bit more , and I am not referring to shares. Rant over.
I "feel" that money is not an issue for Range, as whoever brought in the board, has the means, they currently still want more cheap shares tho', it's the only explanation for the current situation. At some point the SP has to rise, otherwise nothing makes sense at all.
No money to service debt so issue shares in lieu. Can't afford £67k.
I have lost track of the myriad loan agreements in place. The other RNS seem to say that platinum loan is to be repaid at end of this month. Question is, with what money? So they got the 100m shares as collateral, so $1m, where is the other $5.5m to come from?
Question is, why issue so many 'hated' dilution related RNS in a row when it is known to be detrimental. BOD seem intent on destroying the SP. Very strange. Got me working on the conspiracy theories...
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.