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Range Resources Ltd Share Chat (RRL)



Share Price: 0.535Bid: 0.56Ask: 0.64Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.08Spread as %: 14.29%Open: 0.00High: 0.00Low: 0.00Yesterday’s Close: 0.535


Share Discussion for Range Res. (RRL)


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Celticheart
Posts: 6,726
Observation
Opinion:No Opinion
Price:0.54
RNS
14 Jan '15
Lind were always going to ask for their money back but I believe they will accept our new proposal which will get them the money by April through the Core funding. If they take it through the courts it could be years before they see any money, which option would you choose? I am more concerned that Citation have not paid up for Texas yet.
 
matlot
Posts: 17,715
Off Topic
Opinion:No Opinion
Price:0.54
View Thread (2)
rns
14 Jan '15
Range Resources Ltd
Company Update
RNS Number : 1872C
Range Resources Limited
14 January 2015



Company Update

Lind Financing Update

Further to the Company's announcement on 7 January 2015, regarding US$15 million loan facility provided by Lind Asset Management, LLC ("Lind"), Range has now received a letter from Lind seeking repayment of the full outstanding amount under the facility no later than 15 January 2015. The initial facility has a face value of US$7.25 million.

Range has communicated to Lind that it wishes to repay the facility in cash and intends on using the Core Capital financing to meet such final repayment.

Management intends to submit a settlement proposal to Lind by 15 January 2015 for their consideration. The Company's shares will remain in trading suspension until such time as an agreement is reached with Lind, or the Company has sufficient alternative financing to repay the Lind facility in full.

Update on Asset Sales

Further to the Company's previous announcement, Range has yet to receive any sales proceeds in respect of the Texas asset disposal. Range is in dialogue with Citation Resources Limited (ASX: CTR) to agree a revised timetable for completion.

Separately, Range has yet to receive any sales proceeds and has been informed by LandOcean Petroleum Corp. Ltd ("LandOcean Petroleum") that the sale of Range Resources Drilling Services Limited remains on track to complete on or before 30 January 2015, as previously announced.

Range will update the market accordingly on completion of these asset sales.

Change of Registered Address

The Company would also like to announce the change of registered office to Bennett & Co, Ground Floor, BGC Centre, 28 The Esplanade, Perth Western Australia 6000.

Contacts

Cantor Fitzgerald Europe
(Nominated Advisor and Broker)

David Porter / Sarah Wharry
(Corporate finance)

Richard Redmayne (Corporate broking)

t. +44 (0)20 7894 7000

Range Resources Limited

Australian Office
RichTheNewbie
Posts: 10,904
Observation
Opinion:No Opinion
Price:0.54
View Thread (2)
RE: rrl
14 Jan '15
I disagree - just a statement of the obvious really. Lind were always going to ask for the money and they were always going to say "the best way for you to get it us accept payment in full upon approval of the core funding which is pretty much nailed on - otherwise you'd be struggling to get it in various protracted ways for ages".
Austin-Healey
Posts: 655
Off Topic
Opinion:No Opinion
Price:0.54
loan
14 Jan '15
there loan has been recalled can they pay or is that it for range??
Alsugar
Posts: 728
Off Topic
Opinion:No Opinion
Price:0.54
View Thread (2)
rrl
14 Jan '15
RNS good I think
Manosdepiedra
Posts: 176
Off Topic
Opinion:No Opinion
Price:0.54
Re manos
14 Jan '15
PMSL I know she never listens to me loooooool.
Got the hard back edition this year it's only half the size it once was.
One bonus with the hard back edition is a Ruperts ( horse head paperfold )
In 13 easy steps on page 56 really struggling with it.
Alocasia
Posts: 5,264
Off Topic
Opinion:No Opinion
Price:0.54
Annual
14 Jan '15
He should switch to the Peppa Pig annual. I've got shares in the company with the merchandise rights and Peppa brings in $1 billion a year in revenue. Who needs oil when you've got a cartoon pig !
Alocasia
Posts: 5,264
Off Topic
Opinion:No Opinion
Price:0.54
Manos
14 Jan '15
I didn't know they still did it. Just checked it out on Amazon and there it was!! Love the reviewer who says he's been getting the annual for 38 years now but he's told his mum to stop getting him it because it's just repeats - lol.
Manosdepiedra
Posts: 176
Off Topic
Opinion:No Opinion
Price:0.54
Re farcical
14 Jan '15
lewis who's this ditto character....don't lump me in with them roughian's If you want something worthwhile to read you can have my 2015 Rupert the bear annual,when I am finished,only halfway through it so you'll have to be patient,I don't want you getting upset with them infantile posters. I'll post some in depth analysis later on today so keep an eye out.ps it's one tick up for the book
Celticheart
Posts: 6,726
Observation
Opinion:No Opinion
Price:0.54
View Thread (2)
RE: Rich
14 Jan '15
You can't go around saying stuff like that Martin, you'll upset the trolls :)





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