Cannot believe you can buy shares for close to .8p this morning for a company with huge assets and a great senior team and loads of investment money.
We are only 18 days off an AGM, which I expect to be generally upbeat and celebratory about what has been put in place in last 9 months. The commentators seem to like the new Range. Cantors forecast is 3.3p, which remains in place. We appear to be making profit every month now, and 2015 looks exciting. Not Puntland exciting, but that can wait till 2016.
The Chinese thread running through the three deals with Abraham, LandOcean and Core is bound to fuel conspiracy theories but the truth is probably a lot simpler, China as a country needs new sources of energy to fuel its ever growing needs. Not only do Range need to up their game in terms of production but we need a ready market for that oil, willing to pay top dollar to secure those supplies.
No doubt we will get the usual negativity from the same old culprits today.. morning petebo :)
So now looks like LO and Core are joined at the hip. This BOD are as bad as the last lot when it comes to transparency and honesty. Appears the market are now punishing RRL for being less than forthcoming in Mondays RNS
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