That's my point we can use BHR as reference. If shareholders get nothing out of it, it will be more of a sabotage act rather than protecting investors interest. Regarding T&T potential I am little concern that soon we will have 8B shares, and it could touch 10B. I was comparing Range with RMP, and it seems they have huge upside potential with under 300M shares and approx. $5M in cash. Any sniff of Puntland or RRL donating its share of Georgia to RMP, and it will be in orbit.
I think BHR was more to do with the debt spiral with Darwin (something that RRL got out of a while back with similar providers) and also the collapse in coal, plus level of investment needed. Personally I see LGO as being vastly over-priced at a market cap of £120 million and there are plenty of oil companies out there that offer far better value and risk/reward in my opinion (especially after the recent drops when you have a few decent sized producers sat at only 2 or 3 times that market cap and producing a hell of a lot more oil and with more to come!).
Yeah a reference (not that it's needed) that doing that would be bloody silly. The situation isn't really similar at all. Despite the thoroughly terrible amount of drilling done, Trinidad itself wasn't far off break even, it was all the other costs (admin, finance, and other regions etc) that largely put it into the red. All these big offers of money (before and after the board vote), and the other stuff being disposed of, is because people know the Trinidad acreage is worth it. All the people trying to trumpet LGO just highlight this point. They've got a tiny patch of the island. Range has a huge bloomin' chunk of it. Up to you if you believe they happen to believe they've got the only good tiny patch and there are no others :p It's worth repeating for the umpteenth time. If we start drilling stuff we might do pretty well.....;)
Bounty you really do not get it do you I am a shareholder here with the right to voice my views just as you do I do not want or need your advice and will speak in any manner I wish so long as it is civil to do so. Your arrogance makes you believe that you know what every other shareholder thinks, you do not. as for your Tim/Buchanan dig please grow up. Now leave me to enjoy my Christmas with my family I have had enough of your nonsense for one year.
Impeccable track record of catching liars and thieves which should be done by regulators. We must salute his hard work and courage. So far he has spared Landau, I would be happy whenever he pick him up, would be nice if that happens immediately after Quindell.
I don't know if some of you are following Beacon Hill Resources. We could draw some parallels with them. IT would be interesting to see the outcome there, and that could serve as reference to Range's shareholders. For the moment they are suspended, and administration is a likely outcome but things can turn out differently.
CH for the moment you should express your opinions using I and not We as there is no other shareholder sharing your view. Also you need to be litlle careful henceforth if you have any kind of association with Range's former BoDs. There is definitely going to be a criminal investigation at some point in time. Also don't forget what happened to Tim / Bucanan.
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.
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