It is doubtful there are many wanting to sell at less than .9p (or they would have done that on 8th and 9th June).
Buyers are worried about Grexit today, Q&A later so are keeping their powder dry. An auctioneer would drop price to .7 and get some interest, but it may well be best to have a very quiet trading today today and start moving things tomorrow. I'm off to beach - perhaps I will see MM's there. Bulls, bears and donkies?
Most of predictions for Friday close are in .9's. So our expectations are generally that it will move up significantly this week.
Two very good news releases this morning,, breaking away from Puntland ., good riddance,,, and a Rig on the way to Trinidad,, all bodes well for Ranges future and ours I hope,, and I will have a flutter at 700 bopd ,, cheers,,
Each moth in next 12 moths looks even more beautiful potentially than the last moth. I am smiling myslef on a .9p average approx for my little shareholding, but you must be smiling on 2.6p now. Hope springs eternal and have few doubts we will be 1000-1500 by December and ober 2000bopd by next June.
And it may well be within a couple of years we will be on main market with quite a high MCap and, even with my expectation of 30bn shares in issue. They may each be worth over 10p then and there will be many grins from LTH who have more or less written these off in their ISAs.
That is what ASX closed at. That is ask now on LSE. Was expecting quite a buying frenzy this morning if price fell from 1.19p (overnight) to .8p. Perhaps later today we will see some movement, but it just shows what a lot of scepticism there is outside Range watchers. Potential buyers have seen the duplicity of PL and the obfuscation of RSR in loast 2 years and are extrem ely cautious of Range Mark III. They are perhaps not yet used to Chen-Liu-Nick, a product made in China and Scotland that packs a wallop and says what it will do
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