just looked at various stocks on my watch list, and considering what has gone around it seems we have done OK in last 1 or 2 months...I know some of you may say we are already at rockbottom, but same was said of many other shares in resource sector and look at them they are into oblivion now...very strange when FTSE 100 has done well over the year AIM has lost lot of ground in gradual steps...anyone has got any idea when AIM can come back to life..at the moment many resource minnows are looking tempting but then I am short of money.
Beware of these two. The pump that went with the recent drills in S England and the companies associated with it was orchestrated by these two in a way very similar to PL by emails and tweets. T&T great results and a lot of pump but I wonder if when drilling four wells from the one site the depletion rates don't also multiply by four?????
I think there is one difference between the two......DL is regarded as an honest person, but landau has universally been accepted as liar and thief...also substantiated by his various actions such as IOP deal, Harerra drilling, air strip in Somalia.
Both of them are masters at "talking a good game", they basically know how to excite the uninitiated PI and create spikes in their shares, however ultimately the harsh reality is somewhat different to what was being promised and of course what goes up generally comes crashing down !!
The likes of Range needs a transparent and professional bod, with industry specialists who can actually give realistic targets and realistic timescales for Trini and of course deliver on their promises.
Lots of damage has been done here over the past couple of years and the trust in the wider market is pretty close to zero. This MUST be regained if the company is ever to get out of this situation.
the official closing price from the London stock exchange was 0.72p I find this site seems to be a direct feed from the lse so duplicates their figure, so this site is accurate.
The closing price is determined by a sequence of events (from memory so maybe slightly out but gives an idea)
firstly the auction, orders are matched in the auction and the UT becomes the closing price, if the UT would be outside the monitoring price (I think 10% of the 10min pre-close vwap) then there is a price monitoring extension extension. If there is no change in the extension and the volume is below half NMS then the 10 min vwap before close becomes the closing price. If there were no trades in the 10 mins before the close then the last AT trade becomes the closing price. If there was no AT trade in a certain period before the close, or it is a certain distance from the mid then the mid price becomes the closing price.
There are very particular rules about this that can be found on the lse website
since block vote threw RRL into chaos. All we know is we have lost 5 from Board (one retired, one still working for RRS and CEO). And we have gained two NEDs from China - one founder of Huanshan, one works for him.
And we have an announcement scribbled out in poor English that everything is bad about Range and they want to make it better. No-one knows who it was written by.
I am not happy at all. Abrahams are treating Range like a pantomime so far, and we seem to be sitting in the stalls while they seem to have forgotten all their lines. Landau and David and Timis and petebo are behind you, Mr Chen.
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