I think it would help matters if all those who don't trust anyone who runs Range were listed by the company; the register of shares checked to find who holds less than 100,000 shares and those who hold no shares at all.
Then one of the directors could visit each of these men and women in their own home, listen to their concerns and not leave their house or flat until they are happier about future plans. It would have to be in their homes, because they can't be ar*ed to meet them in London or Perth. Well done, OMA, for bothering to spend all that money coming from Spain and reporting to other inverstors so quickly.
I get feeling that most of larger shareholders are quite happy with the last few communications and are looking forward to next Q & A on 13th February. It is the "smalls" and "nones" who are constantly ticking up each other's daft posts on this board.
I can assure you they were well worth meeting, many of my concerns were put to bed. The majority of what was discussed should be delivered before we come out of suspension, so there is no question of misleading anyone.
interesting to note that the upfront placement amount has crept up through various announcements.
If things go to plan I suppose there is nothing to stop RRL sourcing other finance on better terms to repay the notes. Will be a sign of how imbedded Core are, assuming a higher SP it would be very difficult for the board to argue its in shareholders best interest to allow Core to convert, rather than place at a premium elsewhere.
If I am not wrong in Landau's era company offer to pay some individuals to market this ****e on various bulletin boards....one just wonder who were those individuals..this explains how large proportion of shares ended up in PIs hands with high average..also in part this explains why some alleged PIs turn hot and cold towards company.
As RTN says, there was no indication that this has changed.
It’s worth spending some time thinking about the conversion from Core’s perspective. The more they convert and sacrifice their 12% coupon, the higher their exposure to things not going to plan. If they convert early then some comfort that they would only do this as they see this as to best way to achieve a return. I’m sure that Tax will play a part in this and something I will be researching to try to work out their best options.
It also worth considering their long term exit strategy given the number of shares they have and the impact on the MCap if they sell even a small part of their holding, which is then notified via ASX
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