Looks to me as if Range will be struggling, like other oilers for the next 12-24 months. Quite depressing but that is how the suppressed oil market looks. But with Range always an opportunity for a good pump, and I expect this to exceed the fundraising price.
Best thing Range have done is cleared their decks and cleared their debt. I'd say a very positive picture should emerge for the long-long term...don't think I can wait though
Hardly reason for drop this week (thankfully arrested yesterday). Mates all seem to be in at .8p, so unlikely they would bail south of 1.2p, is it? I think "mates" are very much in this for the long term ride - 10,000 bopd and MCap of US$500. And long term plan is now getting well (sic) in shape. 9 rigs and 22 wells, plenty of good credit and support. And only start of long term plan. dyor, imho, cet.par., cav. emptor, must of faith.
In my view, nobody has ramped or deramped these shares in 2015. It is an abuse of those noble professions to suggest otherwise. We did have at least one ramper during that push up under RSR in 2014. He was very successful, did not engage with ANY negative sentiment whatsoever and just posted short and pith very positive stuff about Range. And stopped only when price was really high - at least 5x what it is today. Those called derampers appear to be a small group of no-friends, hapless losers who appear to have sold badly, have no money, and are a bit jealous of any success.
What we have had since we came out of suspension just over 4 months ago is a lot of posting of views about Range (negative, positive and "balanced") and a a lot of posting about other posters (negative, positive and "balanced"). And a lot of history about what was achieved two managements ago (remember it was 1.23p when RSR began and about this price now soon after DC began.
And an awful lot of progress was made by RSR. And an awful lot more under DC. Range have outstripped competition in 2015 and have a clear long term plan. Not a ramp - just simple fact. dyor, imho, u must of faith.
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