I suspect that Lind served a purpose and Abraham's allowed it to go ahead, knowing the consequences. The late insertion of the 5 day suspension clause on a 2nd set of negotiations rather gives it away.
Also RRL could not sell Texas without Lind giving up the floating charge, which they did.
It all suggest to me that the Lind case is all about the Chinese going back on a deal.
Bountyman. It's actually quite simple. He has made it clear that he thinks it is going to 0.25p where he says he will buy in and double his money as it bounces to 0.5p.
It is obvious from his posts that he thinks everyone, including Hot Cropper readers in Oz hang on his every word which explains the volume of his posts. His ego far exceeds the size of his influence. The reason the BB's are quiet is that because of the poor performance, Range is an insignificant share with only a few long suffering investors readin the BB's and a handful of bitter and twisted individuals that made the same mistakes but cant get over it.
Omadawn was the biggest ramper of this share along with his mates on WS. He posted lots of 'detailed research' explaining why this was going to 2.5p then 3 to 5p.
He now uses that same 'detailed research' to say the exact opposite. The companies the plans haven't changed, just frustrating slipped back another 3 months.
Catch up SOG have change their address to a liquidation company. Probably the cheapest way to get out of liabilities. Share holders are last on the list of creditors and RRL are shareholders in SOG
TRIN and the revenue stream from the assets gave RRL a head start on debt repayment and fiscal benefits.It’s clear they tried, but failed.
I have made it clear that the commercials are that of a “private: company not that we are going to be made on offer for our shares. They don’t need to and will not want to because as I explained owning RRL will have an adverse impact on their MCap, just getting all the work is what they want and have.
I don’t have a trading strategy. I am motivated by those that have thrown accusations.
Seriously would you pay a 40% premium to bail out a company that was insolvent and you could have picked up,for peanuts if they had gone into administration because technically that's what they did. Most normally business people would have got the best deal that they could and screwed range down, investors didn't have an option. Yet they still paid 0.8p and all the mutters on here think that's what the value of the company is, no doubt they shorted the cr4p out of it to make money as well.
I also suggest you do it very quickly because as I said it all points to a back door takeover by LO as I think it is more than a coincidence that the LO Chairman took out a personnel loan for $35M at the same time as SIBO was announced.
Your theory, whilst interesting, pangs of you being disgruntled having seen your capital decrease and I am sure a lot of investors here can feel your pain.
I am stuggling as to why a month or so ago you were pontificating about a merger with Trin but now we are being taking private all of a sudden and the only real news is that the 1000 bopd target is moved back to q1 2016 (but you will likely cite the sale of assets to touchstone).
I believe your assertions and theorys detailed excessively below are based on your trading position not your belief re the company.
You seem to neglect things like the sale of georgia (not massive I know) and the fact we have cash that with drilling can be used to service the LO loan in the short term until drilling is full steam ahead and waterflood approvals are passed.
Range may continue to drift down into the new year and tbh I suspect this is likely as there is little news I expect in the short term to abate the decline. However I am here for a few years to come so a womble early doors is not to scary.
If we are taken private then on that day you will have may apology however I do not believe theis will happen in the short term as if someone wanted this then they would just buy us pretty much outright as the MC is chicken feed.
Bountyman. He obviously judges 'coming out on top' by the sheer volume of posts. He knew most of this stuff when he invested. Look back and after he met Chen he was telling everyone how wonderful he was. Typical of his type. Buy flip, sell flop.
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