Oilspill, I have you on filter so am not going to engage after this.
Simply put, I dont believe there is manipulation currently (I suspect there was in the past) however I can understand Celtic's view but as I have stated previously, if it is that easy to manipulate with DMA, get an account and boost all our holdings values. But he has not chosen to do this, I suspect because he knows that it isnt that easy but in his head it absolves him of some of the losses suffered. Certainly the trailer park trash (also on filter) wouldnt have the pockets to bash the SP with all his losses from countless stocks including FRR.
I also believe that we could dip into the 0.2s, but that is due to low volumes and no news. (WOW I must have an agenda)
Maybe you could post something postive about the positive steps made re the waterflood or perhaps one of the other positives I have stated.
I am clearly a poster of balance, read my recent history and you will see that. But you also probably no my negative posting from your previous incarnations.
As I have said. Maybe you can prove you dont have an agenda by posting something positive OR perhaps you can continue to be a keyword warrior and run down a company you hold no shares in and you lost money in.
Having bought some shares in RRL at 14p (about 5 years ago) and sitting on an average of 2.5p I can only wait or crystalise an enormous % loss. I have not been viewing this BB for somewhile and the RIG one is completely dormant these days. I suspect it maybe years before the shares are ever trading in pennies again as opposed to fractions of pence but I am ever the optimist. I chuckle when I recall the "RRL could be worth 50p" calls. If we are in good hands now I will wait - I'm only 56 - so may have plenty of time. GLA
Cheers Mick, It started off as a bit of a rant to a guy I have on filter, who's volumes of posts is not a loss and I only saw whilst I was not logged in this morning.
I, and everyone else here, are surely here to make money. I do not see Range taking the step up to being a good reliable divi payer so anyone who does not have an exit point is clearly crazy and should not be able to buy shares imo.
That being said things on Range can change quickly. I nearly sold out at 0.58p not so long back, I was literally waiting for a dealer, but I didn't and am here with a 33% loss from that point. It could easily go there again very quickly and even fly right past it. Though Phil (I think) called the resistance almost perfectly at 0.6p.
If we get there again in quick time, with no major news and the rise stalls, I may well sell some or all and see what happens.
I am flexible but in this to make money. After 5 years I am not sitting on a massive loss as I have been known to short Range a couple of times, as I saw an RNS and was scared witless.
As I said, time will tell. I hope all the genuine holders make money. Let's hope OPEC try and get the POO where we need it and Trump doesn't enable the US shale industry to cripple the POO.
From Bountyman possibly the most honest comment on this BB for a long time" As for my get out price, well a lot depends on the next 6 months. I could be looking to get out anywhere from 1-2p, but that depends on the progress made" Someone admitting they have a target out point but backing it up with a common sense - depending on how things are going, unlike many who want to give the impression of getting out at all or any cost.
Then we have a long established member of the board being insulted by one who worships at the feet of Oma - that must be the ultimate insult.
I didn't actually think I could have that much to say...
I am looking to increase my holding at the moment, but the spread remains laughable. I will keep an eye on this and subject to funds should look to add a sizeable bit to my holdings.
I am interested to see when / who the targets are that the board intend to look to takeover. There are quite a lot of options out there but the board have said the right thing that a number of options are simply overpriced. I like the fact that our refinance with LO allows for us to pull the trigger should the right deal be on the table.
In regards to the finance and I have commented on this before, there are a couple of ways to view this, unsurprisingly both positive and negative. The negative is clear that LO are trying to milk us, happy to extend the loan terms to maximise the interest they get but I doubt that is the case as they could potentially lose a lot if they did try and bleed us dry. The positive is that they are positive, see the company coming together and feel that an investment now bodes well for them in the future.
The BOD are performing well in a number of issues, particularly regarding cost cutting measures. That being said, they need to start delivering on the production/takeover front. As Celtic has said, I am very happy that I firmly believe that 2017 will be a positive transformation of Range.
As for my get out price, well a lot depends on the next 6 months. I could be looking to get out anywhere from 1-2p, but that depends on the progress made.
Hope all of you holders are happy with the potential gains to be had ahead.
I am disappointed that I am unable to make the AGM next Friday due to work commitments. Are any of you heading there?
I have had you on filter for a while and it has got rid of around 50% of the tripe posts on here.
Your comments regarding low volume days and responses to Celtic appear to actually have some sense behind them. Though they are clearly skewed to try and run Range down. If you applied half of your passion with which you hate Range into a positive use of your time, well the sky is the limit!
It is clear that Celtic is obsessed with Range doing well and tbf my financial hope for Range is very much the same. I think the blind ramping of Range just makes people believe he is a fool. I suspect that he is probably a nice guy IRL and really just wants to see his investment in Range pay off.
It is awful to admit that you have called something wrong but A LOT of posters have called Range wrong, Celtic has nothing to be ashamed of in this regard. If Range had been truthful and honest over the past 5/6 years then I doubt many holders with be so angry and people would stop to a large degree trolling the boards.
Range is in a position to date where we have 2 waterflood projects about to commence, which if successful have the potential to increase our approaching 7 fold from our lows of around 350 BOPD this year. As I have said that is reliant on them being successful. The work going on in the background regarding the waterflood is clearly positive, they did not sing and dance but got on with the works being completed to ensure the target of 2500 BOPD is hit by the end of next year.
One massive issue I have with the current board currently is that the effectively hid the outcomes of the most recent drills. I suspect they felt that they could "fix" the situation but they were clearly aware of the matter some time previous but felt we did not deserve to know. This is simply not acceptable and the longer we get past 30/11 the greater likelihood that the outcomes of the drilling is poor.
I hold little expectation currently for these drills. If the drilled were going to target some serious oil, I would expect them to be drilling next year. Given the lesser margins of traditional drilling, I can understand why they have focused on the more profitable waterflood option.
That being said, I still want them to attack some of the deeper plays (Herrera etc), as these could be massive. Whilst I appreciate that they are high risk, I think the associated rewards could be massive. Given that LO are supposed experts and now really have skin in the game, I would have hoped that they would have been able to interpret the data to hit a deep well. How long ago was the monies raised for the Herrera's by Landau?
I also believe the outcome of the change in finance from LO is a positive thing, given they will really benefit if we really benefit. They are aligned at a price of around double todays price to buy. Given this, that would suggest a reasonably safe bet for anyone with capital and ability to wait to reap the rewards.
With respect British Bulls have shown they have guessed the price over the past year. Since January, they have issued 30 indications to buy or sell, of which they have got 53% wrong. Further to this, over the last six months, £100 investment following theirs calls would have lost you 18%. My holding 6 months ago was worth 0.5p to buy, it is now worth 0.4p to buy...20% loss but I have not been trying to guess the fluctuations.
This shows that they are simply showing sometimes you get lucky guessing binary decisions, then again casinos… oh wait.
Market Outlook The bulls have strong evidence on their side and this evidence prompts us to make a bullish bet. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. It is probably the right time to be part of this boost and bullish market sentiment.
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