that is my take on things, aim stocks get played left, right and centre, this has been as well as others its failings create opportunity due to over reaction, all iam saying is this will react positively very quickly when the deal is done. We have no influence on this share but there are people out there who will create the opportunity to make money out of this share because of volume, sentiment and news or in the case of RRL the lack of all of them. Yes we might see 2.5p but in the very near future I believe we will see at least 6p. The $20m loan wouldn't have been agreed if we were going skint. Texas may not happen (I think it will but if it doesn't it is not the end of the world) as within weeks 1000bopd will be achieved allowing a debt draw down faicility to be implemented. I do believe news is being held back because it makes sense, it pis-es me off as I could be using funds to make money elsewhere but I think I understand why it is being done.
By the end of Summer we will have had merger, consolidation and be sitting at pounds not pence and you will also have had more opportunity to trade this up and down.
I tend to ignore most of his stuff these days (as this is the result every time I correct one of these fallacies) but otherwise it's just left there tarnishing anyone who isn't ultra-negative with invented stereotypes such as "blaming it all on AIM" in this case. It's a shame because it answers the question that a few people have asked of late where people are. Talking via private message or e-mail is part of the answer due to the abuse you get if not being largely negative on public boards from a few people in particular.
DBW - Well hopefully this will do the same then ;)
Evening mate ....bought some more of these today........find it slightly more reassuring that having chased LLOY all the way down from 58p to 23p and averaged down to 30pish.......all the time being told I was a ramper or simply throwing good money after bad (on Yahoo blog)......the price has since settled down and steadily risen....seems almost like deja vu.....no? PS most of my LLOY profits went in here though....(
In RTN's mind anyone who disagrees with his view of the company and post facts to back it up is 'peddling bile' and is a 'Thoroughly unpleasant human being' Such a sad little keyboard warrior who I see is now reverting to the old 'surprised if you were the same person' taunt. Just like old KY on WS. They get rattled when the truth prevails
Can we have just a little respect for each other on here? Looks to me like the original bone of contention was as much a case of crossed wires as anything. Ultimately this share is underperforming by comparison to most handily available benchmarks, it is down to the management to sort that out. I'm sure we have better things to do than fling insults at each other on what has been a disappointing day in so many other ways. So can we leave it at that?
Short memory again. Guess who said this as recently as this Friday?
"Never fun when things are low (like most AIM O&G are as I mentioned yesterday),"
My point is quite clear, the market doesn't like the IOP merger. Since that was announced the index you love to quote is flat and we are down 25% and still falling. Enough said. Not going to clog up the board responding to your pathetic responses to hard facts any further.
Re: crystal ball - I seen one the other day ( no joke ) they cost about £700 !! which was a bit of a shocker ! ( and no, I didn't see anything about Range in it :)
As for the drop in share price, no doubt that AIM is not as high as it used to be.... look at all oilers in particular - but each company makes it's own bed and there is no doubt Range have failed miserably - if oilers were doing well, would all PL's missed targets actually be met by SP rises ? no, not really :) So "at least " some of it MUST be Rangecentric I would have thought ?
The proposed merger with a bankrupt dodgy western Australia company with questionable BOD members, who may or may not be overvalued to the tune of any monies that may or may not be owed to them by other OKAP companies has certainly had an effect on the SP.... a negative one.... Personally, I am against the merger for reasons I've already and openly said - I've yet to hear any reason / opinion why this is a good idea ?
As for misleading information ? according to WS / KY - People are fearful of a bad result on 248 ? Eh, that despite there being no major sell off ? How do you explain that then ? Also, and I quote " go back to the last RNS they've given as much away as poss without P-trin sign off, SOTO got his head around what they were saying over the weekend..
So there you have it..... Nobody can read an RNS except Kev and SOTO ? Not us, not the market, we all have it totally wrong, even though Range tried to tell us.... Dear dear :) .... Anyway, make your own mind up and GLA :)
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