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Range Resources Ltd Share Chat (RRL)



Share Price: 0.67Bid: 0.66Ask: 0.68Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 3.03%Open: 0.68High: 0.70Low: 0.67Yesterday’s Close: 0.67


Share Discussion for Range Res. (RRL)


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Landauslide
Posts: 183
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (2)
RE: Landauslide
Thu 11:23
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.
 
lewisycymoedd
Posts: 239
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (4)
RE: sp
Thu 11:18
.687 to sell. .71 to buy. Starting to like today.
Celticheart
Posts: 4,391
Observation
Opinion:Strong Buy
Price:0.68
View Thread (2)
This is why Rory is on board
Thu 11:18
The market patently likes this we are currently up 5.2% The important part for me is this:

"As part of the Company's current development and refinancing initiatives, the loan USD 6.5 million (in consultation with Platinum Partners) is now scheduled to be repaid on or before 30 April 2014."

That means we are expecting funds, possibly the return of the USD 8 million from IOP before that date. This is why RSR was brought in to re-structure our finances and allow us to progress.
gutreaction
Posts: 78
Off Topic
Opinion:No Opinion
Price:0.68
carve
Thu 11:16
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.
lewisycymoedd
Posts: 239
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (2)
RE: I await
Thu 11:14
Well, here's 3 positives I just noticed. Three buys after 11am at .7 and .71. Anyone remember 7 being associated with RRL for last 3 weeks?
carvegyber
Posts: 4,161
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (2)
Landauslide
Thu 11:14
Quick scan of the accounts tells me that there is $12.8m in loans outstanding as of 31 dec plus they owe $44m for tax which I believe is being repaid periodically.

Some of the loans have been repaid since then by share issues but more have also been created.....

If you take into account the loans, it seems to indicate that the dilution will be happening for quite a while yet.

As gutreaction would put it, getting about on the business of selling shares to sceptical investors.....
Landauslide
Posts: 183
Off Topic
Opinion:No Opinion
Price:0.68
View Thread (2)
I await
Thu 11:11
with bated breath the positives out of this. Please tell me how the board earned it's keep since taking over and what progress apart from further dilution has been achieved and reported?
carvegyber
Posts: 4,161
Off Topic
Opinion:No Opinion
Price:0.68
Landauslide
Thu 11:05
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...
Landauslide
Posts: 183
Off Topic
Opinion:No Opinion
Price:0.68
So what is new?
Thu 11:05
Cut and paste from PL's previous RNS , our excellent gun team in action. Worth every penny ? I don't think so.

So how much more time will we give them this time? This is a joke.
Landauslide
Posts: 183
Off Topic
Opinion:No Opinion
Price:0.68
What exactly
Thu 10:52
is the 10 mil worth of Range shares for? Any one ? May as well have been written by PL. Hang on it probably was.



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