over on W/S posters that have had word from Malcolm Wood (I hadnt heard of him before now) say that he will give info soon The general consensus seems to be that we have someone that knows the problems, so thats a good start
Also I think one poster said that M believes we have funds
Thanks for the advice. I unfortunately invested a long time ago. I agree with your comments.
My decision is to stay invested rather than sell. I do of course wish I had never invested in Range, and it is not that I am positive, more that there is so much information we do not know, I cannot believe it will all be negative.
Anyone waiting for write-ups of recent visits, particularly to see Hurricane and Range, please don’t panic they are coming soon, its been a very hectic week or so one way or another for meetings and results, funny that with April just around the corner. If you are one of the many who have messaged me about Range (and I’ve never had more- even on GKP!) rest assured that I had a very good meeting with Rory Scott Russell and he certainly seems to know what the problems are…more v soon - See more at: http://www.malcysblog.com/2014/03/oil-price-afren-mediterranean-oil-gas-sundry-and-finally/#sthash.7a6YFm4r.dpuf
"If you are one of the many who have messaged me about Range (and I’ve never had more- even on GKP!) rest assured that I had a very good meeting with Rory Scott Russell and he certainly seems to know what the problems are…more v soon"
I have only one piece of advice for you. If you are buying just because new management have joined the Compnay you need to be very careful as this is not a good reason to invest. There have been numerous instances when Companies' have failed after joining for new management. You need to understand for them its a WIN-WIN situation if they manage to turn it around it will give them some good points, but if it fails they will not lose their reputation as its well know ehat they inherited. On top on that in our case new CEO is very young so for him joining Range was a career progression and risk worth taking. Like some other said I am not very convinced about new CEO, I also think he is too young and doesn't have relevant experience. All his past work experience is doing managerial functions in cozy protected environment of gigantic MNC. Anyway good luck to you if you have already invested.
It's not so easy for directors to buy when there is so much potential news out there. However, here's a fact....virtually all posters on here are currently sitting on a paper loss. Some just keep raking up the past to vent anger and make an excuse in what would appear a bad investment decision for them. Others look at the fundamentals and think that RSR and team will turn this company around eventually. Meanwhile dilution ( although unwelcome ) is the price we all must pay....oh, and of course the ongoing market negativity towards this. For me.....it's either believe that all is lost and move on or weigh up all the recent management changes that do give hope for Range's change in fortunes.
Personally, I will plum for the latter option every time.....and in reality so should the great majority of investors in here. RRL will come good, for sure.
Phase 1 and Q1 reports due soon, which should include:- Update on South Quarry, is QU148 in prod and has QU149 been worked over, also has QU452 ascertained the limit of pay sands depth. QU452 is first drill in SQ since 2007 and as it managed to drill 1814 ft between 26/11/13 and 21/02/14, so I would hope so. Update on OSP for 2 drilling Rigs & crews as stated by Range 26/11/13 to spud Nico licence before end Q1 & St Marys. News of Rig 8's valiant attempt at a side track, plus the finalisation of the remaining Rigs PM program. Cheer up everyone, this news vacuum can't last forever. And as Spud said on WS, good luck especially to the "Locked In". (a club most of us have been automatically enrolled in.)
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