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Latest Share Chat
Range Resources Ltd Share Chat (RRL)
| Share Price: 3.005 | Bid: 2.98 | Ask: 3.03 | Change: 0.00 (0.00%) |  | ||||||
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Share Discussion for Range Res. (RRL)
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carvegyber
29 Apr '13
I think the whole OKAP thing is bit of a red herring and just an excuse for moaning and conspiracy theories when the SP is down - plenty of AIM/smaller companies dole out the options etc willy nilly and there's little different here bar people putting a company name to it. I think if operations progress well that it'll make b*gger all difference in the grand scheme of things so I don't see it as shackles - more a fairly pointless frilly hat.
farm-out?
29 Apr '13
http://www.proactiveinvestors.co.uk/companies/news/56299/tangiers-petroleum-considering-new-opportunities-in-africa-56299.html
given our dealing with them in the past could they farm into some of our acerage? we have enough of it now!
given our dealing with them in the past could they farm into some of our acerage? we have enough of it now!
hope you took my advice
29 Apr '13
from the ranger in the north , over the past 2 months we have given you 3 tips , " the New One " at cheltenham racing in march ,winner , and last week the mighty motherwell to beat celtic , winner , our third wager is still running ( RRL )
watch this space !!!
watch this space !!!
dbw
29 Apr '13
agreed on the borrowing.
People are desperate to see the dilution stop here and and are clinging to debt funding as a solution. Problem is too much debt could be terminal. Look at the problems it has caused MXP and more recently RPO.
Debt is in a way another form of dilution, just less obvious. Any valuation of the company will have the debt pile subtracted off the market cap....and hence the share price.
To his credit PL seems reluctant to use the expensive convertible debt on offer, this is just delayed dilution and expensive. The RBL/production based lending seems a far better way to go as its performance related rather than equity based.
People are desperate to see the dilution stop here and and are clinging to debt funding as a solution. Problem is too much debt could be terminal. Look at the problems it has caused MXP and more recently RPO.
Debt is in a way another form of dilution, just less obvious. Any valuation of the company will have the debt pile subtracted off the market cap....and hence the share price.
To his credit PL seems reluctant to use the expensive convertible debt on offer, this is just delayed dilution and expensive. The RBL/production based lending seems a far better way to go as its performance related rather than equity based.
DBW
29 Apr '13
Yes, for me, production and expenses are the two key I have to look at before risking more money with the opaque OKAP setup around this. Everything else is a pain in the arris noise.
It is unfortunate that PL chose this SP to go pay for a merger but maybe he has a masterplan! lol. I have heard quite a few of those here but none have realised.
The price will surely drift while we wait for the affirming production news....... Only question to ask now is will 3p hold. Personally, I think it won't hold and 2.5 will be visited in the next month before rising(if it rises)
It is unfortunate that PL chose this SP to go pay for a merger but maybe he has a masterplan! lol. I have heard quite a few of those here but none have realised.
The price will surely drift while we wait for the affirming production news....... Only question to ask now is will 3p hold. Personally, I think it won't hold and 2.5 will be visited in the next month before rising(if it rises)
Carve
29 Apr '13
I guess it would make more sense,however I suggest that logistically it may take quite a while....if the deal even goes through........Another theory......Announce proposed merger.....price falls......sell Texas,get RBL funds in carry out buyback......pull out of merger.....Hey Presto!!.....Only joking but there are a million ways this thing could go.
For now just hoping for decent Trini update with 135 results and 248 update.....DBW
For now just hoping for decent Trini update with 135 results and 248 update.....DBW
celticheart
29 Apr '13
You are very bold to be making that claim about one set of admin. If, as you suggest, the new RRL will shake off the shackles of OKAP, then I may start looking to put more money back in here.
What do people think the chances are of that? RTN, DBW, bobo?
What do people think the chances are of that? RTN, DBW, bobo?
Boobs
29 Apr '13
Yep the bigger the company the bigger the running costs......just hope more of the cash required can be raised through increased production,farm ins and asset sales rather than too much more borrowing.
Dbw
29 Apr '13
Of course, but going off company predictions that's virtually 12 months off
Agree with both of you
29 Apr '13
But it's and indication of the kind of sums involved, and it's all we have to go on as PLs forecasts are crap.
RRL cash burn H2 2012 was $22m, so post Punty
I maintain my stance that the enlarged company will need more funds before year end
RRL cash burn H2 2012 was $22m, so post Punty
I maintain my stance that the enlarged company will need more funds before year end
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