Well for a start it can trigger stop losses and drive the sp down for a cheap entry price. Watch for very large buying volumes on any positive news. It is why I do not set stop losses on AIM stocks I believe will recover.
Tut trying to deflect from the 0.9p .. bring it back on topic Celtic.
I am a holder here and was simply stating what everyone can see looking at the charts. I thought RRL would have settled at 1p and perhaps even rebounded. I think there will be a rebound of 0.9 so.. perhaps a good day trading opportunity?
We holders are going to have to be patient a little longer for the "way forward for Range" to be outlined. The next para is a copy of Adamant Ventures website. By Kiel Porter Dec 17, 2013 10:30 AM GMT Adamant Ventures, a British private-equity firm focusing on oil and gas, expects to raise 80 million pounds ($130 million) for its first fund next year, according to founding partner Antony Sommerfeld.
Adamant expects to hold a first close, the point at which it can begin investing, of 50 million pounds by February, with the final close by April, Sommerfeld said in an interview. The fund will focus on early stage on-shore oil and gas exploration investments, he said.
The London-based company’s board includes Simon Walker, former chief executive officer of the British Private Equity & Venture Capital Association, and Mark Carne, a former executive at Royal Dutch Shell Plc (RDSA), Europe’s largest oil company.
“We’ve observed that the market doesn’t value early stage exploration potential but does value management teams who can execute,” Sommerfeld said. “We seek to position ourselves as the go-to investors in oil and gas exploration.”
Private-equity firms typically pool money from pension plans and endowments with a mandate to buy companies within five to six years, then sell them and return the money and a profit after 10 years. The firms usually charge a management fee of as much as 2 percent and keep 20 percent of the profits
The important para in my view is (We’ve observed that the market doesn’t value early stage exploration potential but does value management teams who can execute,” Sommerfeld said)
Now who have Range recently employed that might fit that description,and it certainly was non of PL's doing IMO. The AV website has no later info that I can find since Dec, which I find interesting considering all their funding is due to be finalised about now. At no point on all the BB's I have read has anyone come up with a plausible alternative explanation as who,other than AV would have influenced Range to employ our current Execs.
Things will start to happen shortly(next 4 weeks) IMO, which will,hopefully,include us PI's as well. GLALTH
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