It did not finish 4% up. It finished flat at best. Last buy was at just under 0.69. Uncrossed trades are neither buys or sells, they could be either or both as they are a tidying up exercise at the end of trading. I met CH at Oil Barrel and comes across as a decent guy but his continued ramping does my head in as this stock has little value until we know plans on leadership, funding, dilution of that funding, drilling plans, state of our own drills etc etc. Once that is known, time to be supportive or disappointed. I'm neutral/concerned and can be nothing but hopeful ATM!
As you know Rich, I am CH's dozier half (quite pleased to be called that, chewis etc). I have supported RSR right the way through, still do, feel he was a good acquisition by whoever appointed him and I think he has done a 7/10 job so far and deserves to be allowed to continue what he has started.
His progress has been attacked as too slow by many investors - including me occasionally. I have been dismayed (and said so at time) when he failed to hit his 1000bopd target and I felt he was economical with the truth at Oil Barrel in July over state of rigs. A quick look at LGO E's equipment on their website compared to photos of ours shows how hard it must be for our teams on ground in Trinny.
I am still not sure (and Malcy seems to imply similar) that Abrahams have taken over Range legally. RIG does have more shares than them, and now may be the time to take charge of company before it all descends intoi farce. If Abrahams have done things properly (and disrupting the AGM was possibly not even legal) and can actually build on what has happened this last 9 months and push on strongly, then I and everyone else will surely back them.
But I see very little evidence yet that they are doing right things and telling other shareholders what they are doing. If they have managed to sit on the pot, they had better very quickly perform
Lewis, I still can't work out if you're just bonkers or you're posting as some sort of agenda. If it's an agenda it's a bloody masterpiece as I have no idea what you're advocating. At present it seems to sort of favour RSR (which plays into the hands of people who say you're Celtic's dozier brother). No idea what purpose that would serve though. Other than to depress the SP which I'm not sure is your aim. As I say. A masterpiece if so. Therefore I'm curious what mistakes you think Abrahams have made. They invested at a pretty cheap price considering Range's assets, acreage, and everything else, and clearly have got ****ed off enough to oust the board and actually get some value from what they invested in. If not that it's a takeover on the cheap (and it's as simple as that). LOL at the RIG stuff btw. As I say, I'm not looking for an argument, and if you wish to call me a tit for the above feel free and I won't reply to ensure that's the end of it. (learnt my lesson from various twonks)......but I'm still trying to work out what in the world you actually think! Bonsoir!
Rex. I said yesterday that Abrahams have made so many mistakes so far and have informed shareholders less about what is happening than Rory ever did in his first week. And that RIG should consider stepping up and running business with their 20% plus and I think some wealthy members. At the least they should demand two NEDs on BOD, like Abrahams.
Perhaps tomorrow we will discover if we have a new Chairman yet, and whether the current senior managemnet team has their support. They did say in their statement (if it was their hastily worded statement, and not a scam) that senior management had failed to deliver, in their view. Then we see on ASX that senior management only means BOD to them. So all of what we would call senior executive management (including Rory) are still in situ. Only NEDs have gone, and Rory was voted off BOD.
It is good to be positive. Fact - 4% up. Fact - 8% up on ASX. Fact - we have no idea what is happening Mark III.
So CH, Landauslide and show.me have all posted accurate posts. Yet two gets loads of ticks and one gets slated and called deluded. Nuff said. If almost anyone else had posted that simple 4% rise, he or she would have been left alone. You have a real problem, chaps.
Show , you are right to question individuals that spend every waking hour posting and attacking anyone with genuine concerns. This situation is far from clear , nice to see some blue for a change but we need the situation clarified asap.
You really are deluded. Up 4.35%. You need to read in between the bid and offer and that's your mean close. You need to remove those rose tinted glasses and stop drinking out of half full glasses too IMO. I'm concerned about RRL but still hanging in there. We are where we are and I can only hope that our major shareholder doesn't shaft us. Any decent bounce and I will start reducing my position here and I think I won't be alone.
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