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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: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.00Spread as %: 0.00%Open: 0.34High: 0.00Low: 0.00Yesterday’s Close: 0.34


Share Discussion for Range Resources Ltd


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jeffry
Posts: 3,846
Off Topic
Opinion:No Opinion
Price:0.44
chill
1 Sep '16
RRL will not pay as optima is liable. worst case the JV will loss the licence.

so what, RRL doesnt really need this licence anyway. we can and have been focussing onTrinidad/
 
iani
Posts: 31
Question
Opinion:No Opinion
Price:0.44
Optima
1 Sep '16
Hi Celtic, how did you arrive at £10 million. We were all just starting to relax and now this unfolds. Is landau still being investigated
iani
Posts: 31
Question
Opinion:No Opinion
Price:0.45
Litigation
1 Sep '16
Googled THe Optima co. 16 Old Bailey London. 440 companies share this address. Have they any dosh or not. Better people than me will be able to found out who controls this company.
torchy663
Posts: 8,278
Off Topic
Opinion:No Opinion
Price:0.43
RE: Colombia
1 Sep '16
bounty, like i said the devil is in the detail, if ANH had a contract with Optima that they've reneged on and theres nothing in the contract that passes liability explicitly to the JV partners, then i cant see how ANH can get the JV partners to cough up. But i dont know Columbian law, assuming the contract was signed under columbian law of course.....fully agree with your comments on Landau......if he negotiated it then you can bet that a) he had a kickback and b) Range got shafted.......
torchy663
Posts: 8,278
Off Topic
Opinion:No Opinion
Price:0.45
RE: Colombia
1 Sep '16
the drop on this news is as usual way overdone.......but whatever happens this will take a while...could be years

and range have categorically said in the limited info release that Optima are responsible.........
bountyman
Posts: 1,674
Off Topic
Opinion:No Opinion
Price:0.45
RE: Colombia
1 Sep '16
Celtic, my take on it appears to be very different to yours. Effectively it appears that a group of businesses signed a contract to do a job, they didn’t deliver on the job SO now need to meet the penalties. As for leverage, this is not school with my brother being bigger than your brother, this is business, and the courts would look to enforce the contracts.

The issue is, we have no idea of the reliability of the indemnity agreement and how much protection this avails Range and the other partners. In light of this, it is not unwise to expect the worst as given Landaus track record I do not hold up much hope.

I am not selling, simply with the spread being so large. I was very tempted but hey ho, I’ve been here before and will see what the future holds.

Looks like I will be dropping my exit point from c. 2p to nearer 1p, given the RNS today and the tepid (at best) QnA yesterday.

KRO
robins
Posts: 1,216
Off Topic
Opinion:No Opinion
Price:0.45
Re: Colombia
1 Sep '16
Will RRL issue anything to us to quantify how much money we could be liable for in the $53 claim. I would like to know what we might be liable for just to gauge in we could afford to pay it if the worst happens.
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.45
RE: Colombia
1 Sep '16
I also think that the Colombians are clutching at straws, lets see how this plays out but I do feel it will be around for some time before we know the outcome, in the meantime Range has to keep focused on Trinidad. Just because they are demanding this money does not mean they will get it and my understanding is at worse our share would be 20% (£10 million) which we would then look to recover from Optima.
torchy663
Posts: 8,278
Off Topic
Opinion:No Opinion
Price:0.45
RE: Colombia
1 Sep '16
based on the info that range have so fat released it appears that Optima had sole responsibility, so it looks on the face of it as if Optima have reneged and ANH are now looking to the JV partners to stump up.........this could run for a long long itme...i'll panic if / when ANH prove the JV partners liability, in the meantime i've bought a few more.......every cloud huh :-)
Celticheart
Posts: 11,499
Observation
Opinion:No Opinion
Price:0.45
RE: Colombia
1 Sep '16
I wasn't putting a positive spin on this, there isn't one I was just questioning the validity of it after all, as was previously pointed out ANH don't have any leverage as we have already lost the licences.




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