You are 100% right. PIs only have a small window to act to protect their own interest until this gets voted through. Once it goes through, there is nothing more PIs can do. Just a sideshow. They don't need PI funding to be listed so why bother to be listed? That is the sole logic to be on the market in the first place isn't it?
Best thing for PIs to do is for RIG to turn activist rather than just observer. Get couple of NEDs onto the BOD. Use a block proxy vote. I can't see what harm that could do to your interest but could provide a lot more clarity and security. NEDs could sit on committees so that Range doesn't overpay for LO or drilling.
How and with what information have you come to the conclusion that the proposed deal is bullet proof for us shareholders? I personally think that more questions need to be asked and answered before we throw our full support behind the new out fit.
maybe just maybe they're in fact genuine concerned pi's God forbid. Maybe just maybe these same pi's didn't show blind faith in Peter landau just saying, and might even have thought RSR wasn't world class ( can you believe that ) and RIG weren't a closed shop trade union. Now raising concerns about the Chinese !! Yes traders don't you just hate them .
He merely pointed out this isn't a done deal yet even if the Chinese are acting like it is. What if the Chinese let it slip that they intend to take PI's out on the cheap, would you still be in favour? Once this gets voted through no one's opinion on this bb counts anymore. Not yours. Not mine. Not truthinbeers. We may as well shut it down. We only have between now and the EGM to discuss this, then we are all at the complete mercy of the new owners. Why are you so 100% sure the Chinese intend to do right by the PIs?
Believe it or not but I constantly re-evaluate. I was given exactly the same comments over on AEX where my average is very similar to here. I am currently £8K in profit on Aminex with a way to go yet I feel. At one point my paper loss there was greater than here. Sometimes you just have to stick with your beliefs.
There is no other viable alternatives and given that is everyone supposed to share your unwavering vision for Range going forward ? The intentions from the Chinese outfit are not crystal clear yet. It may and or it may not work out for shareholders. I guess it depends on wether you are a half/full glass kind of person or in your case always full :) Also , you seem to fully distrust posters on these boards and question their motives constantly yet when it comes to people that are ultimately responsible for the returns on your investment they go unquestioned , interesting. I think you have it azz about Celtic.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.