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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


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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bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
RE: Re: Malcy on the POO
18 May '17
Robins, thats the exact point. We have 4/5 months to show the investment in infrastructure and modeling is worth it. Think opening could see 0.1p or 0.8p depending on the news release ibefore hand.

Worldstocks suggested a positive of the RTO, a new name and gettig rid of the cursed Range name.

KRO
 
robins
Posts: 1,216
Off Topic
Opinion:No Opinion
Price:0.34
Re: Malcy on the POO
18 May '17
Well Celticheart increased price of oil is great but can we deliver the production volume increase?? These guys had better know what they are doing or we are all stuffed.
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.34
Malcy on the POO
18 May '17
Two positive reports from Malcy re the PO this week. Recommencing trading with a significantly higher oil price would be a very good thing for range.

Oil price: Another up day yesterday as the market?s eyes turned to the EIA inventory stats following the rather disappointing API numbers the night before. Whilst the draw of 1.8m barrels was short of the 2.5m whisper it was enough to keep the bears at a distance. It will be worth watching the net long positions when they come out as I suspect that there has been a lot of bear closing in the last few days.

Oil price: The edging up of the oil price on Friday meant that the week ended up +$1.61 for WTI and +$1.74 for Brent. The best was yet to come as at a meeting in Beijing it seems that the Saudi and Russian Oil Ministers have ?seen the need to prolong the current deal through the first quarter 2018?. As I write both crudes are over a dollar up at $49.04 for WTI and $52.05 for Brent. Now, little confirmation on the detail of the agreement has yet been announced but if this is a genuine agreement then I would expect the price to rise more as these two heavyweights will carry the rest of the group with them. Having said that, the usual large dose of cynicism will undoubtedly exist and proof of the pudding will be demanded by the market.
Airborne-Trader
Posts: 15
Off Topic
Opinion:Hold
Price:0.34
Holdings
11 May '17
1st ever post on this BB. Sat back for over 6 months and just followed the BB's for the shares I am in. 20k in this at 1.18 average. I really feel for the guys that are well down in this. Sooooooooooooo hoping that good news will see us all hit some nice profit.

You do all keep me entertained on here whilst we are waiting ;-) Good luck to all.
bewareshadows
Posts: 359
Off Topic
Opinion:No Opinion
Price:0.34
RE: Carve
5 May '17
I feel for you, I cut my losses on this one 18 months ago and invested in Glencore at 77p.
Sometimes it goes right other times it goes range.
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
RE: Malcy's blog
5 May '17
Celtic, my understanding is that RRL/RRS would need to be trading withing 6 months but given that this is an RTO we will no longer be RRL/RRS but a new entity so we will not be simply coming out of suspension, but seeking listing (apologies if my wording is slightly off).

From my emails with Eva I very but doubt we will be trading as we know it in late August. The EGM to approve the RTO is “expected” Q3, I think the word “expected” is key. Yes it COULD be earlier, but knowing Range if they thought there was a chance to do this in Q2 at all then I would have expected them to say Q2 and likely slip into Q3. I feel it is more likely that the expectation is Q3 but “could” slip later. This is not an issue IF we are seeking admission as a new larger entity rather than simply coming out of suspension.

I think your observation over the protection availed by being suspended is a fair one. With the updates we received I would have fully expected us to be in the 0.2’s so I am grateful for that.

Time will tell, my post is not a scare tactic but I am not 100% convinced I will be able to buy/sell Range shares come 30th September.

KRO
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.34
View Thread (2)
RE: Malcy's blog
5 May '17
We have to recommence trading within 6 months but I feel that with all that is happening in the background and in light of the RRDSL RTO the board will use all of that time to get their ducks in a row. Given that we suspended mid March I would not expect to see us trading before the summer so possibly mid to late August. If that means we come out of suspension a stronger company that is fine by me, not so long ago it looked like we might not have a company at all. By then waterflood should be well advanced too so should come out with a much better production level and hopefully Oil will have recovered from its current slide again.
roofman
Posts: 61
Off Topic
Opinion:No Opinion
Price:0.34
RE: Malcy's blog
5 May '17
Celtic. I like reading your posts without getting involved. I would like to ask you. When do you see rrl starting to trade again .
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
WTI
4 May '17
Not looking too rosey at c. $45 a barrel.

Only saving grace is we are not pumping out too much of it at the moment... (very tongue in cheek).

Cant we just have some bloomin good news for a change. I post a semi positive post and the backside falls out of POO.

Gonna be a long old year again

KRO
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.34
RE: Malcy's blog
4 May '17
Celtic, I am not 100% on my views regarding Malcy. I do wonder whether he is paid propaganda or that is a truly personal opinion. I certainly can’t criticise the amendment to the interest amounts as this would equate to c $6m extra money in Range’s bank. It does however remain to be seen as to how the next few years pan out.

Honest opinion, I think the plan may well have always been to repurchase RRSDL back from LO and that it was managed this way so that we did not run into the cash buffers sooner than now. That said I am not 100% sure as to whether this is a great deal at the moment but certainly the amended interest rates are hugely beneficial. IF we had simply purchased the drilling fleet on a credit basis, I don’t think such a big fuss would have been made but it would have had us severely stretched and this was we have been able to kick the can down the road somewhat.

All of that said, I genuinely think the big issue is currently that the drilling (workovers) and waterflood are not progressing as planned (massively behind) and the suspension has been a good way to protect the SP from being smashed from all of the bad feeling floating around at the moment.

I am unsure of where we will be at the end of the year, let’s hope there is a big positive news item (1500BOPD or something) prior to relisting to get us a pump on readmission. Time will tell but by personal investment timeframe is running out as is my patience.

KRO

Bounty

I do not know why you seek to engage with those horrible trolls on iii, I don’t post on there but they have no value and don’t have meaningful discussion. I have called you out a number of times but think it has always been reasoned and not personal.




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