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Resources analyst Charlie Long sees good times ahead for uranium Watch here

Resources analyst Charlie Long sees good times ahead for uranium


Range Resources Ltd Share Chat (RRL)



Share Price: 0.34Bid: 0.33Ask: 0.35Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.02Spread as %: 6.06%Open: 0.34High: 0.00Low: 0.00Yesterday’s Close: 0.34


Share Discussion for Range Resources Ltd


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Floyd_on_AIM
Posts: 13
Off Topic
Opinion:No Opinion
Price:0.39
Comments please
2 Sep '16
Hi guys
I've been looking various small Oilers and looked RRL on the back of some of Malcys blogs. The recovery play looked good and WTI improving well maybe not now.

I'm torn with the recent sp drop makes RRL look more appealing however the cloud of Columbia is un nerving. Possibly blown out of proportion and awful timing for the recovery play.

Will just watch for now as easy to repent at leisure on AIM. Just sharing the thoughts of a random observer.

Let me know if I have missed something which would warrant buying or running to the hills

Good Luck All
 
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.39
RE: ANH
2 Sep '16
A sound post Mick and worth noting that there has been a lot of buying activity since this announcement too
Mickdee
Posts: 2,400
Off Topic
Opinion:No Opinion
Price:0.39
View Thread (3)
RE: ANH
2 Sep '16
Is this the end?????
Of course not. It is nothing like the end. Yesterday's trades amounted to less than .5% of the issued shares. Do you think if it was the end all those still holding shares are muppets? If you believe the likes of old indian and co then yes we are muppets but we know the agenda of those carrion.
Perhaps you also believe that Oilspills inverted triangle can also read tealeaves!
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.39
Colombia
2 Sep '16
This is not a good situation but I do feel it is being milked for all it is worth
Landauslide
Posts: 686
Off Topic
Opinion:No Opinion
Price:0.39
RE: RRL
2 Sep '16
Lol , just realised the irony of my last post mentioning hell in a post no 666.
Landauslide
Posts: 686
Off Topic
Opinion:No Opinion
Price:0.39
RE: RRL
2 Sep '16
Unreal , for a second it looked like we were getting our heads above water just to get dragged down again.Hope Landau burns in hell.
Phoebe69
Posts: 46
Off Topic
Opinion:No Opinion
Price:0.39
View Thread (2)
RE: ANH
2 Sep '16
It's not looking very good, is this the end?
THESALTIRE
Posts: 1,789
Off Topic
Opinion:No Opinion
Price:0.431
RRL
2 Sep '16
Found this letter in my mail.
01-Sep-2016 / 11:47 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

Colombia Update
As previously announced on 19 January 2016, Range received a notice from Agencia Nacional de Hidrocarburos ('ANH') revoking the licenses over three exploration blocks in Colombia (PUT-5, VMM-7 and VSM-1). The licenses had been awarded to a consortium of Optima Oil Corporation ('Optima') and the Company in December 2012 (the 'Consortium'). ANH alleged that its action was a result of the exploration work commitments not being fulfilled and presentation of invalid letters of credit to ANH by Optima to support the minimum work obligations.
A Joint Operating Agreement ('JOA') is in place amongst the Consortium partners. Under the terms of the JOA it was agreed between the Consortium that it was the sole responsibility of Optima to complete the minimum work obligations and to provide all necessary funding, including the provision of valid letters of credit in favour of ANH. Under the JOA, Range has an indemnity to recover from Optima any payment incurred by Range for any contractual obligations under the licences which were not paid by Optima.
Range advises that it has now received a demand notice from ANH addressed to the Consortium seeking payment of the full amount of the outstanding obligations due to ANH totalling up to approximately US$53million. The deadline for making the payment, or otherwise responding to ANH with a defence against the action, is 7 September 2016.
In conjunction with its legal advisers in Colombia, Range has reviewed the demand notice and currently intends to present a writ before ANH prior to the 7 September 2016 deadline which will outline the Company's objections and defence against the action by ANH. The other Consortium partners will file similar actions.
The Company continues to work with its Consortium partners, their legal advisers and all stakeholders in seeking a resolution to this matter. The Company will update shareholders as appropriate.
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.431
ANH
2 Sep '16
From reading about the reasons for the ANH action over on WS it seems their intention is to punish Optima for their invalid letter of credit. Range have a good track record of honouring our financial commitments to Colombia so I hope that will hold us in good stead throughout this.
Anders007
Posts: 98
Off Topic
Opinion:No Opinion
Price:0.431
RE: optima
2 Sep '16
We are jointly and severally liable, so , yes they can come after us for the lot




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