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Range Resources Ltd Share Chat (RRL)



Share Price: 0.46Bid: 0.41Ask: 0.51Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.10Spread as %: 24.39%Open: 0.46High: 0.46Low: 0.46Yesterday’s Close: 0.46



Share Discussion for Range Resources Ltd


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OMADAWN
Posts: 1,522
Off Topic
Opinion:No Opinion
Price:0.46
RE: Celtic/Rexco
Fri 18:41
Rex,

Land Ocean announced Chairman’s pledged shares. of a similar amount to initially Core and then Sibo. This is documented.

Pledged shares is a fairly common way of raising funds in China and indeed when the Chinese stock market was suspended recently, share pledge share rules where relaxed to enable funds to be raised without shares being issued at a very low price.

Pledged shares means he will recover the Land Ocean shares when he repays the money that has been raised using the shares as security. It is in his interest to ensure that Land Ocean increases its’ MCap.

He will want RRL to do well, so that he can maximise his Land Ocean shares.

As controller he does it by having control over what happens, maximising LO’s revenue. He will ensure that LO’s credit can always be repaid and seek to take as much revenue as he can for LO, leaving nothing in the company for investors.

As you showed, the monies have been carefully balanced, just enough flow to repay the credit terms and cover overheads.

Sino would be the insurance policy for the money from LO, but by bringing the water flood revenues first and then drilling this insurance will not be needed.

Remember the $450M work forecast for LO ? Remember the $50M PO for undefined work, LO needed tat for governance
 
Celticheart
Posts: 9,425
Observation
Opinion:No Opinion
Price:0.495
Oil bullish
Fri 15:34
Rexco
Posts: 2,973
Off Topic
Opinion:No Opinion
Price:0.495
RE: Celtic/Rexco
Fri 15:04
If The chairman of LO is an investor in SIBO then it is in his best interest to ensure RRL do well and for them to get credit facilities on good terms. So it is rather something LO shareholders would be interested in rather than RRL shareholders since it could be construed as a conflict of interest.
bountyman
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.495
Options
Fri 01:13
Big chunk set to expires in the next few days. Though at 4p and 17p were not in danger of being stuck.

Hoping for a double dose of good news next week.

Hoping for MD250 to flow at 150BOPD but not put into production due to confident nature of upside to other 2 drills that will now be drilled from same platform.

KRO
bountyman
Posts: 1,412
Off Topic
Opinion:No Opinion
Price:0.495
View Thread (2)
I just can't sleep
Fri 01:09
I'm eager to hear theory number 9453468.

Merger with Trinity back on...

I suspect some posters want to start spreading misinformation again... feel like they are missing out perhaps???

Guess who was running the SP down as it didn't hit the 0.4p base they wanted so sold at 0.29...

Waffle lies and misinformation... advice is to DYOR and take people whos opinions change when nothing else has with a huge pinch of salt.

KRO
OMADAWN
Posts: 1,522
Off Topic
Opinion:No Opinion
Price:0.495
RE: Celtic/Rexco
Thu 22:29
Do you think we should be told if the LO Chairman is a substantial investor in SIBO. I'm certainly on the case.
OMADAWN
Posts: 1,522
Off Topic
Opinion:No Opinion
Price:0.495
Shares Available
Thu 22:26
15% of shares in issue become available soon. Could this be the means of financing a M&A ?
bobo
Posts: 8,095
Off Topic
Opinion:No Opinion
Price:0.495
RE: Celtic/Rexco
Thu 21:24
Fair enough Rex.

I'm not saying it's a bad deal, and neither of us know the term of the agreement but imo with LO being the designer, credit provider, and contractor for waterflood they will have the last say on whether it happens.
Similarly the current well, their expertise was used to analyse previous well results, design and drill the well and fund it. If they thought it would be a dud they wouldn't have funded it.

They have too much jnvolvement from start to finish to be a simple credit provider.

I guess we will have to agree to disagree.
Rexco
Posts: 2,973
Off Topic
Opinion:No Opinion
Price:0.495
View Thread (2)
RE: Celtic/Rexco
Thu 20:25
Bobo,

I am not here to argue with anybody but the following statement you made is neither logical or accurate, hemce my comment.

"All I know is that if LO was my company and I was offering credit on such terms I would want significant input into how and where that money was spent. In fact only a fool would hand over the money for RRL to do as they wish."

"LO will have the right of veto over the whole project as they hold the purse strings."

You obviously have no experience of lending or credit facilities. If you do not trust the company with the money you are lending them you do NOT lend them the money.

In this case it is a moot point since LO's subsidiary is the service company doing the drilling and most of the operational side is being carried out by LO and RRDSL. So it is basically a partnership where Range set out what they want done and LO/RRDSL do it. Whilst LO/RRDSL will be providing Range with expert advice it is RRL's own oil experts who will make the final decision.

Obviously if you contact Investor Relations and they advise us in a Q&A that RRL is being run by LO and not RRL's board of directors then all shareholders will have a major problem with RRL since in the end it is the shareholders of RRL who should have control of RRL.

So your comments are not logical in my opinion.
bobo
Posts: 8,095
Off Topic
Opinion:No Opinion
Price:0.495
RE: Blue close
Thu 18:20
If that was aimed at me that's not what I said.




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