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James Bevan on cybersecurity, banks and the housing market


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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Dodger777
Posts: 1,177
Observation
Opinion:No Opinion
Price:0.53
View Thread (2)
RE: News due
22 Aug '16
If we can get decent flow results off these two drills then hopefully we will move up but then again this is the Aim game.

I've only a few Aim stocks left and will off load the rest when and if I can get a return. I will for sure never ever invest in Aim again until the authorities tighten the rules on how the dealers deal and tighten the laws on who are allowed to manage these companies. There are to many dodgy characters around....just look at Landau.
 
Rexco
Posts: 3,041
Off Topic
Opinion:No Opinion
Price:0.53
RE: Trinity
22 Aug '16
Cannot see Citibank running an oil and gas company.

They want to minimise any loss and that would be an additional risk. They will want to sell it as a going concern if Trinity do not come up with a reasonable and acceptable offer.
ErraticPhil
Posts: 1,844
Off Topic
Opinion:No Opinion
Price:0.53
RE: News due
22 Aug '16
I think it's just a bounce off the 0.60 resistance level, Ch, to be expected really. In the same way that someone was apparently determined to drive it up there in the first place - didn't hear many complaints then. If it does continue back down then there does appear to be a rising support line of sorts to boing back off, as previously described. Beware wedges though I guess.
Celticheart
Posts: 11,454
Observation
Opinion:Strong Buy
Price:0.53
News due
22 Aug '16
Looks like someone is determined to drive this down ahead of news, no change there then :)
rob295
Posts: 1,996
Off Topic
Opinion:No Opinion
Price:0.59
RE: Trinity
22 Aug '16
Doesn't mean that Citibank won't want the assets. They might sell the lousy assets replace the board and run the fields.
Rexco
Posts: 3,041
Off Topic
Opinion:No Opinion
Price:0.59
Trinity
22 Aug '16
According to the latest RNA they are insolvent and have sought bankruptcy protection because they cannot repay Citibank.

So basically at this moment in time the shares are worthless and the odds are Trinity will not survive as a going concern.
Mickdee
Posts: 2,400
Off Topic
Opinion:No Opinion
Price:0.59
View Thread (2)
RE: Mick
19 Aug '16
Not necessarily. They could be being advised by OKAP :-)
bobo
Posts: 8,253
Off Topic
Opinion:No Opinion
Price:0.59
RE: Mick
19 Aug '16
If it was profitable they would be paying down the debt.
ArielArrow
Posts: 8,981
Off Topic
Opinion:No Opinion
Price:0.59
Mick
19 Aug '16
It's not easy to know what has been going on with Trin mainly because of protection from the Fsp, so anything stated leans closely to speculation, we don't know what happened with citibank, they may have tried some tactic which made Trin go for bankruptcy protection, and nothing yet is known about the refinancing but I doubt very much if liquidation will be the remedy at this stage, it's a shame that it has been allowed to get to this level considering it is a profitable business with Wti at this level,
Mickdee
Posts: 2,400
Off Topic
Opinion:No Opinion
Price:0.59
RE: Related companies
19 Aug '16
AA
I appreciate what you are saying but TRIN seem to have real problems. The BOD have been saying for many, many months that they are in negotiations to sell assets, they announce a sale and eventually it all falls through. They are producing over 2000bopd which they say is profitable down to $15. Where has this cash been going to? Are they doing any new drilling? Do they have an outstanding tax bill as well as the money they owe Citibank. The BOD don't seem to have a good relationship with Citibank, don't seem to have made any effort to bring down the debt and have now burned their bridges with Citibank and will have difficulty finding another lender after the way they have treated Citibank.
My comparison was with your current BOD and ours under the Landau regime. I hope for the sake of the TRIN shareholders that something can be sorted out. New finance might be achievable but will require millions if not billions of new shares being issued. I think the sharks are circling!




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