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Range Resources Ltd Share Chat (RRL)



Share Price: 0.58Bid: 0.53Ask: 0.63Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.10Spread as %: 18.87%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 0.58


Share Discussion for Range Res. (RRL)


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SaltDome
Posts: 1,030
Off Topic
Opinion:No Opinion
Price:0.53
View Thread (8)
RE: Mom & Pop
11 Aug '15
the weaker the yuan the stronger the $, the stronger the $ the more the US interest rate will rise, the higher the interest rise the higher the Shale 2 bankruptcies , the higher the bankruptcies the higher the chances of putting Sub-prime crash to shame....
 
lewisycymoedd
Posts: 3,630
Off Topic
Opinion:No Opinion
Price:0.53
View Thread (8)
RE: Mom & Pop
11 Aug '15
Yes, world is an unsafe place. Do not sell or buy shares.
SaltDome
Posts: 1,030
Off Topic
Opinion:No Opinion
Price:0.53
View Thread (8)
RE: Mom & Pop
11 Aug '15
How China's Stock Market Crash Influenced Today's Yuan Devaluation
The Chinese central bank would never admit it, but China's stock market crash surely weighed on its decision today to devalue the yuan.
The news had an immediate impact, with the yuan falling nearly 2% against the U.S. dollar. It marked the biggest one-day plunge since 1994.

Because of the way the yuan is controlled by the People's Bank of China (PBOC), the devaluation of the yuan wasn't achieved by lowering interest rates – the way most central banks would do it.

You see, the PBOC had confined the yuan's value to a 2% range above or below the U.S. dollar, called the "daily fixing." Now the PBOC will let the yuan trade a bit more freely, basing the yuan's value on its close from the previous trading session.
https://moneymorning.com/2015/08/11/how-chinas-stock-market-crash-influenced-todays-yuan-devaluation/
bobo
Posts: 8,041
Off Topic
Opinion:No Opinion
Price:0.53
View Thread (2)
Celtic
11 Aug '15
Reds under the bed again?
MartinOil
Posts: 619
Off Topic
Opinion:No Opinion
Price:0.53
View Thread (2)
RE: 28th August
11 Aug '15
Rise before the event and probably after IMO.

It's not only SIBO, senior management are putting in $300,000 at 0.08 too. All helps sentiment, adds to the skin DC already has.

Abraham funds were purely to pay off debt, same with Tranch 1. Tranch 2 will give us funds to step up operations. Big difference IMO and think will be reflected with positive sentiment.
gutreaction
Posts: 300
Off Topic
Opinion:No Opinion
Price:0.53
28th August
11 Aug '15
Correction,please substitute irrespective for considering.

Cheers
gutreaction
Posts: 300
Observation
Opinion:No Opinion
Price:0.53
View Thread (2)
28th August
11 Aug '15
On this date Range will seek approval to issue another $22.1 mils worth (or less/more) of shares to Sibo at 0.8p.

Considering the current trend in SP, and approval of said issue, who on this board feels the SP will rise or fall after this event.

Simple question

Nail your colours to the mast.
lewisycymoedd
Posts: 3,630
Off Topic
Opinion:Strong Buy
Price:0.53
View Thread (2)
RE: Naughty Forties
11 Aug '15
Have you bought any Range shares since 22.75p? Did you sell all yours at 22.75p?

Have you made any profit on Range since they were 22.75p?

Should I sell mine in the .4p's or wait till they get a lot lower? Advice please, Uncle Indian
lewisycymoedd
Posts: 3,630
Off Topic
Opinion:No Opinion
Price:0.53
View Thread (3)
RE: Why was SP down?
11 Aug '15
bs. That was sort of answer I was hoping for. Many thanks.
bewareshadows
Posts: 197
Answer
Opinion:Weak Sell
Price:0.53
View Thread (3)
RE: Why was SP down?
11 Aug '15
Ok good question.
In the end it comes down to Celsius much maligned market makers.

Market makers have a duty to buy and sell shares. Not usually required for massive volume shares like lloyds.but in these low volume shares they are essential.

Or when you come to buy there maybe no one selling at the same time. So if you want to buy a handful then market makers can meet that demand. If you want to buy 2 million it might take some time to fill that order pushing up the price as they try to pick up enough shares to cover it.

So the buys today may not have moved the price much as the market makers may already have more than enough shares ready to offload at that price.

When the market makers run short then the price will go up on smaller buys.

It's far more complex than that but I'm sure there are more qualified people out there to explain it in full.





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