So you are not very different from any other AIM punter..I think most of us have been an investor of these companies..this sometimes makes you wonder whether there is any point in researching AIM listed businesses or take the much easier route simply trade on news flow / trading volume.
I don't hold anything like the amount of shares you do (2.275 mill) and had to take the averaging down route to achieve an average of just over 2p but I too believe that we will see a return on that figure in the next 12 months. It is a very tough time for oil companies worldwide. If we can make it work at this level imagine where we will be with a decent price for our oil. I have no doubt that consolidation will occur at some point in the future though.
It is more advantageous if approved than not approved......
Basically says it all. With the departure of the English lot, all you have now are Chinese directors. Do you think they will go find a fairer bidder for the business? They have managed to engineer this scenario and now shareholders have no other options but to vote for it.
It is obvious that for the business to go on as a going concern, you have to vote YES. But first, Lind needs to be sorted...
I retired at 50 and hence have a fair amount of free time. I Picked 3 shares to invest in with a proportion of my pension pot. LGO, FRR & RRL. I sold out of LGO at 4p and used the profit to increase my stake in RRL to circa 10M shares. My largest holding is FRR. I only picked 3 AIM shares as I didn’t want to put any risk on my pension and this number allows me to spend time looking at the shares in detail. My investment in RRL is down but overall across the 3 shares I am in profit. The rest of my pension is in blue chip companies & bonds.
My first invest in RRL was just before the merger was announced. I pulled out straight after the merger and then started purchasing again when the price fell to 2p.
Having read the NoM for the EGM I’m comfortable that I will see a return on my investment that exceeds the 7% annual return that I need to achieve on my pension overhaul, although I now see more upside on FRR if you compare FRR & RRL on their existing asset base and the very low ball options the Directors have set.
Landau for his mismanagement and greed. Had he been straight and run the business properly instead of being a "me, me, me" person, I doubt we'd be in this mess anyway. A lot of money has been spent, but whether they can demand a repayment 'Just like that', I don't know. If they have the right to do so, I can smell a CVA heading this way and a continuning suspension for ages. I still think they may delist?
As a previous investor of Range I don't think today's RNS is too bad. What it does indicate is that no one is going to make a lot of money quickly here, with the amount ofshares in issue. IF it all goes through and it's still a big IF, range will have done well, as they can now concentrate on what they should have done 4 years ago and invested in their prime asset. Instead of handing out shareholder's funds like confetti, this is what landau should have done, however, he wouldn't have made so much cash from fees etc by doing that. I wonder how much other debt and fees, are still due from previous deals, that haven't surfaced yet.
Well one thing is clear, this BOD are in this for the long game given that they can't exercise 25% for their options for a year and only then @ twice today's sp, the rest are target related at 1500 BOPD and 2500 BOPD. We need this money not just to stay in business but to grow our business. Voting against this is simply not an option if you are genuinely invested in this company. Anyone saying that they would rather lose all of their money than see the company succeed is either not an investor or just not the full shilling.
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