The last thing we need right now is words of advice from those with no interest in Range other than to want to cause trouble. No we do not want any RIG representation on the board, there is simply nobody qualified to serve that role, if they were they would already hold an appropriate position in an O&G outfit. Your only motive is to stir trouble along with the other LGO holders who seem to delight in coming on here like spoilt children to poke at Range shareholders. Now slide back under your stone, theres a good lad.
No I think you're an obnoxious troll. You even admitted you were deliberately doing it at least once (think it was more than that) before your posts got removed. Wish you all the worst for xmas and thoroughly bad health :p
I really hope the the the ghosts of Christmas Past, Present and Future catch up with PL. Until then can I ask all boarders/Posters to forget about him. Why let it destroy your Xmas ? He's gone, we need a plan for the small PI,s here. We need a voice on the board considering RIG suggested we make up 20% of holders, and we do have some oily types here, why no voice on the board? Please do one thing and put this to RIG.... Don't put your cash in this company for now voice your opinions on the RRL website, bombard the CEO, my experience has told me they care a lot about what people think of them. We seem to be hoping that there's oil in the ground in Trini, but is there really that much or is it hype and spin to give false hope and borrow more to give away more share diluting? It seems that way...
I suspect no one else wanted to buy Texas but that PL can still see ways of fleecing a whole new set of investors with it - CTR shareholders had better look out for a special one-off dividend when they eventually go on to sell their new amazing asset for $200 million, but in the meantime they're just going to raise a load of cash for it (although most of that will go in fees and director salaries and perks), almost sounds familiar... :)
Garyn, that's right. When I suggested that even a $10m valuation for Texas was a bit rich for texas based on the fast dwindling miniscule revenue, it was met with ridicule. People preferred to believe the spin of usual suspects on here rather than use common sense and work things out logically. You pretty much said the same thing as me.
What is more sinister though was the fact that the Chinese are happy to let the asset go to PL for very little and also, why does PL still want Texas?
The pattern has emerged to be that one after another of RRL's assets have turned out to be much less valuable than what PL made it out to be. It does make you wonder what is next?
I wonder if there can be a happy ending here for PIs.... definitely one of the more colourful and interesting shares that seemed to have cast a mist of rosiness over some people.
"The finalisation of the documentation for the sale of the Texan asset is a significant milestone and will significantly strengthen Range's balance sheet and allow the Company to redeploy proceeds into our highly prospective international assets, including Colombia and the recently announced farmâ€in with Niko Resources in Trinidad. In addition to the proceeds from the sale, we are also in the final stages of completing the reserve based lending facility for Trinidad, which will leave the Company well positioned for significant operational growth."
This is the biggest twist that I have ever read on the AIM. The word 'Finalisation' to me, means it's done and dusted. However, if you read it more carefully, the Finalisation of the documentation means that all the paperwork has been drawn up, NOT SIGNED. It reeks of ambigutiy. For those that assumed it had actually been signed, was the sprat to encourage more investment revenue for Landau's pocket. The whole paragraph was a farce, with powerful suggestion that implied that the Texas sale was 99% complete, which was far away from the truth. Remembering what Landue is/was.......a Lawyer, and such wording of above para' was highly suggestive (IMO), but essentially, NOTHING was completed! Landau is an utter rip-off merchant and a complete (_!_), knowing full well he was staying above the law by the thickness of a Human Hair. So you see, we've all be taken for Mugs, and in my opinion, he should be taken to task over all this.............but he won't of course, he's too damn sly.
I really thought this behaviour was left in the playground.
I've no idea why grown ups would on a financial board come on to throw taunts.
It's not like it's their company, they are not doing the drilling. It's a lucky or unlucky punt. There are 1000's of shares out there and anyone could have picked anything.
As for coming onto RRL, what do you expect us to do sell up and invest in LGO???
Bit of news we are in suspension so even if that is the advice, no one can follow it.
I don't come on here talking about my Lloyds shares or the several funds I'm invested in, quoting what is good and what is bad.
At the moment we are very much stuck and can do nothing till our shares are up and running again.
I'm assuming the chinese investment must have approved the sale of Texas as they are one of the major share holders. Or soon to be. So whilst it is not £30 million it does seem like cutting our losses and consolidating from a smaller base.
Otherwise we could have been holding onto Texas and making a loss there for how long??? Years. Decades??
There is only one thing that matters and that is Barrels of Oil.
Get that up and the shares will go up. As it is we can only watch at the moment and guess where this will emerge
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