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RRL Share Chat - RSS Feed

Range Resources Ltd Share Chat (RRL)



Share Price: 0.535Bid: 0.56Ask: 0.64Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.08Spread as %: 14.29%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 0.535


Share Discussion for Range Res. (RRL)


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BhoyGeorge
Posts: 1,093
Off Topic
Opinion:No Opinion
Price:0.54
View Thread (2)
RE: BhoyGeorge
31 Dec '14
Accusing posters of wanting in at a lower price when the shareprice is at an all time 10 year low... ha ha... well it is firmly the characteristic of Bulletin Board Morons...

Really juvenile stuff.... Oops sorry I forgot that's what you post too don't you Celtic....
 
Celticheart
Posts: 6,501
Observation
Opinion:No Opinion
Price:0.54
View Thread (2)
BhoyGeorge
31 Dec '14
What happened BG, did RTN hit a nerve? It isn't him that has issues on here it is you and your tick up buddies.
carvegyber
Posts: 5,093
Off Topic
Opinion:No Opinion
Price:0.54
Martin
31 Dec '14
Despite the constant snipe and character assassination from RTN, let's have a civil chat since it appears that is what you posted.

I agree with you there Martin and that is why I said the market will price this for growth when it is evident that there is one. Just like the market pricing for the sale of Georgia, success of 70bpd at south quarry and LO's misunderstood $50m impending unrestricted funding. Once the full picture became known, the market then priced for uncertainties and stagnation and everything came crashing back down.

It is possible to exceed 0.8p as I have noted. Only when growth is evident so you will have to ask yourself about the realistic time frame. If everything went smoothly to plan, when will the 3000bpd be achieved? Therein lies the answer as to when this will start motoring past 0.8p. I am not suggesting it will only do so at 3kbpd. I am saying it will only do so when that looks like definitely happening....

I think if people digested my post thoroughly, you would see that it is what I am getting at.
RichTheNewbie
Posts: 10,268
Off Topic
Opinion:No Opinion
Price:0.54
Martin
31 Dec '14
No point engaging him. He's obviously just trying to get people to bite to give him an excuse to fill the board with scare stories to try to give him a better chance of a cheap buy-in when it resumes trading.
MartinOil
Posts: 384
Off Topic
Opinion:No Opinion
Price:0.54
Carv
31 Dec '14
That is the market valuation on a company with toxic debt, no money and would seem will or skill to drill wells and increase BOPD. Fully funded with LO in charge on the ground, an actual plan, drills that work and the drillers incentivised it's a different story. Once Lind cleared (which will no doubt come with pain) then I can see a bright future. No pie in sky figures (and depends on oil price) but we are not anchored to 0.08 (Abrahams placement was evidence of that, we rose to 2.7p on its turns out nothing. More shares in issue now but rise above 0.08 very possible if we actually do something positive. Waterflood under PL worried me, under LO it excites. We may be riding on Chinese coattails but feel more positive for next year than have for a long time.
RichTheNewbie
Posts: 10,268
Observation
Opinion:No Opinion
Price:0.54
View Thread (3)
RE: Suspension
31 Dec '14
I'm sure you would. Most actual holders however are quite happy for this to stay suspended whilst they sort everything out. :p
MartinOil
Posts: 384
Off Topic
Opinion:No Opinion
Price:0.54
Beware
31 Dec '14
We have $50m to spend on LO... If they not doing the drilling that's a lot of money to be spent on research. Tbh looks like this was the plan from day 1 LO introduced.

Hard to call if a good deal as we never knew the state of rigs but last BOPD tells it's own story. Should be a good move, can't see LO doing anything counter productive they are a drilling services provider looking to expand afterall.
BhoyGeorge
Posts: 1,093
Off Topic
Opinion:No Opinion
Price:0.54
View Thread (3)
RE: Suspension
31 Dec '14
There is no reason for RRL to be in suspenders on the Aim market. Would like to see this trading again ASAP
Cardiffboy
Posts: 79
Off Topic
Opinion:No Opinion
Price:0.54
View Thread (3)
Suspension
31 Dec '14
The million dollar question here, when will we be out of suspension and my honest opinion here is that we will come out when the chinese want us to and not a second before that!

If they can get texas sold, drilling company sold in this short period I'm sure they could also get us out of suspension but I doubt they want that at this moment in time.

I am looking forward to that day though and I now have hope of recouping some of my original investment with my average at 2.7p!
carvegyber
Posts: 5,093
Off Topic
Opinion:No Opinion
Price:0.54
Wimbles
31 Dec '14
Despite my views here which were largely negative for the last 3 years, I genuinely wish the holders no harm and would love to see them salvage something or defend their holding. I too have been savaged by this and as such, taken to caution investors here about what is moving this share. I gained an awful lot of knowledge here in that time so it may be useful to some who would consider it.

I hope you can recoup your losses elsewhere in the short term. No doubt this will one day come good because LO seems like a capable outfit. The only thing I have doubt about is whether this will benefit PIs. Even if it will eventually, it will take years due to the 0.8p pricing. Things will need to have progressed significantly beyond where it is now for it to go over 0.8p because that is the current valuation. That unfortunately is how the market works. It prices for growth but punishes for uncertainty or stagnation.

Good luck and may 2015 be a prosperous one for you and everybody here.... (including myself I hope).





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