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Range Resources Ltd Share Chat (RRL)



Share Price: 0.64Bid: 0.63Ask: 0.66Change: -0.045 (-6.57%)Faller - Range Res.
Spread: 0.03Spread as %: 4.76%Open: 0.66High: 0.67Low: 0.61Yesterday’s Close: 0.685


Share Discussion for Range Res. (RRL)


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Rexco
Posts: 2,251
Observation
Opinion:Strong Buy
Price:0.76
How many shares sold?
26 Mar '14
Well the same number have been bought by somebody.

A sale of the reported 6.8m shares (0.2% of shares issued) today at 0.77p garnered the sellers the paltry sum of £52k odd. In other words trading today meant diddly squat.
 
Hernando
Posts: 2,037
Off Topic
Opinion:No Opinion
Price:0.76
RE: fair enogh Rob...
26 Mar '14
Nov

I think you are correct, this company has never said anything but 'the future is great' we are going to do this that and the other.

The learn for me from now on is to only buy companies that say , ' we have done x y z'

But hey what do I know
subterfuge
Posts: 77
Observation
Opinion:No Opinion
Price:0.76
Evening All
26 Mar '14
My word the gloomsters are out in force tonight. Personally, just attributing this relentlous sp decline on the lack of expected news. Keep the faith guys as all is not lost.
rob295
Posts: 1,890
Off Topic
Opinion:No Opinion
Price:0.76
nov
26 Mar '14
I buy based on assets and a probabilistic level of progress. Best not to listen too much to what a company says they will achieve. No company will out perform their ambitions and few will match them. Most think big and are happy to under perform if the eventual outcome is good enough.

The current level of progress has always been a scenario with a reasonably high likelihood of occurring. Scenarios to make the company worth 20p or more were far less likely as that infamous interview with PL made clear.
Grumpster
Posts: 832
Off Topic
Opinion:No Opinion
Price:0.76
View Thread (3)
RE: low sp
26 Mar '14
CTR seems to have smoothed up it's act from about the time the sophisticated investors raised $6m.

https://www.google.com/finance?q=ASX%3ACTR&ei=qjEzU5CJF8WOwAP5Xw

They'll sort it out so the slope is a bit more random.... one day.

Wonder if they'll administer the coup de grace to one of the OKAP nags, just to put the wind up everyone for a final squeeze down.......before they see if reverse gear still works.

The potential for an "oops" moment is always a worry.
Grumpster
Posts: 832
Off Topic
Opinion:No Opinion
Price:0.76
View Thread (3)
RE: low sp
26 Mar '14
They're selling, but they are selling because the board has failed to deliver just about anything, not perhaps because they feel "foolish".

Why is the descent in share price so beautifully even? (beautifully controlled?)

Is it because similar numbers of investors feel foolish each week, and sell similar amounts?
rob295
Posts: 1,890
Off Topic
Opinion:No Opinion
Price:0.76
View Thread (3)
low sp
26 Mar '14
Probe time to offer a theory. My guess is that the sp is so low because people keep selling.

I know bare with me here guys, but in my mind many of the brightest and best among us bought at 15-20p and now they feel a bit foolish and they want this big hulking mistake to go away so they sell. Then as people sell the sp goes down so others think chucks its even worse now I better sell too.

So it goes down further as the fewer contrarians (ie not sheep) can't keep up with the selling without a price drop.

Its just tulips in reverse... yes tulips are nice but I wouldn't swap a house for them and yes all has not gone to plan here but its not quite time to find a high bridge yet.
rob295
Posts: 1,890
Off Topic
Opinion:No Opinion
Price:0.76
elber32
26 Mar '14
Lmao... advice from someone who bought at 15p... yeah I gotta say you know value when you see it buddy.
Novice2009
Posts: 3,440
Question
Opinion:No Opinion
Price:0.76
curtains???
26 Mar '14
N other M
JetJock
Posts: 59
Off Topic
Opinion:No Opinion
Price:0.76
Think I'm out
26 Mar '14
Hard decision over next couple of days in or out.... Not going to top up any more here! Can't see this going anywhere any time soon.



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