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VIDEO EXCLUSIVE: TSX-listed Transglobe Energy Corporation considers London listing Watch here

VIDEO EXCLUSIVE: TSX-listed Transglobe Energy Corporation considers London listing


Range Resources Ltd Share Chat (RRL)



Share Price: 0.34Bid: 0.33Ask: 0.35Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 6.06%Open: 0.34High: 0.00Low: 0.00Yesterday’s Close: 0.34


Share Discussion for Range Resources Ltd


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Discovery1
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.34
RE: re-listing
Today 05:16
Here we go again, you are clearly wrong in your understanding of what is happening so choose to infer the poster is someone else as a poor defence.
 
Celticheart
Posts: 12,470
Observation
Opinion:No Opinion
Price:0.34
RE: re-listing
Tue 21:27
Yes I am starting to think the same, thought he had gone quiet. I guess a new id was inevitable.
Trumploudly
Posts: 119
Off Topic
Opinion:No Opinion
Price:0.34
RE: re-listing
Tue 21:24
Oma
Discovery1
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.34
RE: re-listing
Tue 20:54
It is not a merger , it is a cash purchase.

In this case then it would appear that we are being somewhat misled. RRL like other companies can take over another company. If an increase in share capital is required the this is a matter for shareholders to vote on and hence we can relist under ASX rules. If it is just a cash purchase then I think it just needs a vote if over 10% in value.

RRDSL are not purchasing RRL, or so we are advised, with a view to getting a listing so it is not the case of using a shell company to bypass an IPO.

RRL are now telling us that they will relist once all the paperwork is in place.

I suggest that the delisting was engineered under the pretence of an RTO, to hold the SP pending a significant capital restructure and capital raising. They have to get the funds to invest in oil production for all of their assets and generate revenue to repay the significant debts.

Probably explains why there is no appetite for new shares in Oz.
Celticheart
Posts: 12,470
Observation
Opinion:No Opinion
Price:0.34
RE: re-listing
Tue 19:27
Because RRDSL are not a listed company so the only way we, as a listed company (we will be again shortly) can merge is for them is to reverse into us. The same process is used when non listed companies reverse into a shell company to gain a listing.
Discovery1
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.34
RE: re-listing
Tue 19:04
Celtic,

Can you explain why this is classed as a reverse takeover ?

Def
Celticheart
Posts: 12,470
Observation
Opinion:No Opinion
Price:0.34
RE: re-listing
Tue 16:50
Of course our holding will be intact, any RTO is technically a de-listing as the new company is created
Photomic1962
Posts: 8,708
Off Topic
Opinion:No Opinion
Price:0.34
re-listing
Tue 15:23
They may be relisting, but what happens to our shares. Are they carrying them forward?
Photomic1962
Posts: 8,708
Off Topic
Opinion:No Opinion
Price:0.34
irick
Tue 15:21
Yes, I had the notification today from Halifax. I have to admit, that for many months I foresaw this happening so it comes as no surprise to me, but still very pi55ed of with them. When a company delists you will NEVER get an warning. They just go, that's it. Been here 10 years. The only thing I need to know is what happens next, where do you sell the Holding?
Celticheart
Posts: 12,470
Observation
Opinion:No Opinion
Price:0.34
RE: Cancellation of listing
Tue 14:59
Read the RNS they have had the decency to explain that we will be re-listing at the earliest possible date.




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