Thanks for your response it's obvious that sentiment, hope and indeed comments are about as low and negative that I have ever seen I guess folks have been thought the ringer here more time than they wish to remember .. You have described your take on the LO involvement but would you mind explaining how you think funding will be achieved or do you mean LO there too . Cheers and thanks again for your reply
It looks like his poison has struck again in Black Mountain Resource, another company that was loaded full of his ****. I know it's not nice to say this but I really hope that he the Bald Headed Gappy Aussie Twat gets a good smack on the snout. I certainly would not think twice the conning bastard. Yes I'm invested here, 27k worth, but car'nt see us doing a Bournemouth ie almost bust now the premier league. Time will tell though it's running out fast.
My faith that RRL will recover is based on detailed research which I share for others to take as they wish, primarily on WS as I find the format better for on line debate.
Fundamental to all this is LandOcean’s absolutely clear strategy of global growth to be a top tier OIL SERVICE PROVIDER. There is no indication what so ever of them wanting to be a license owner.
There is a clear business logic of why they are aiming at this part of the market and how they intend over time to enhance profits by taking a % of the oil yield.
LandOcean have very cleverly used their balance sheet to deliver rapid growth and as a growing service provider enjoy a P/E ration of over 60. Taking on the oil risk directly rather than a service provider would have a huge impact on the P/E ratio and potentially cause their business model to collapse.
Behind the scenes LO have been obtaining bank facilities to support in particular Western Uni on payment for the the RRDS acquisition and the new equipment. You would only do this if you had actually contracted a work program.
The method they will deploy to gain market share is also well documented. They identify a company with significant potential but constrained by lack of capital. They assist in sourcing this capital and it comes with a guaranteed work program for them and a share of the oil yield profit.
I also studied in detail how LO intended to work with CORE and why this arrangement has probably fallen through and the risk / benefits for both LO & RRL in terms of their contractual arrangements.
Production is key to all of this for both LO& RRL and hence the considerable time taken in terms of analysis and planning the FDP and Water- flood. They only have one shot at getting it right and is the primary risk we as investors face.
The announcement will be provided upon any further material developments. I cannot provide definitive timelines, but would like to reassure you that all efforts are focused on securing alternative funding and resuming trading as soon as possible.
The completion was always subject to a number of conditions precedent (as stated in previous announcements). As Core Capital has not advised Range that the remaining condition precedent has been satisfied by the end date (14 May 2015), the completion therefore could not occur.
You reckon that would work? Not so sure but a few here will know more how to go about it nec. However, who said they actually WILL delist? It's only a possibility and could it actually be stopped? I wouldn't think so but not being in the legal side of anything (Illegal maybe!), I really don't know.
....won't work. A non-starter. The only winners in trying to take legal action against this company would be the Lawyers themselves. The risks of trading on the AIM are well known and whatever happens (unless it's blatantly illegal) is either good luck or jolly bad luck. How a company pans out and what happens during it's listed time is usually the consequences of fate. Bad management is what it is and one cannot take legal action against luck itself howsoever created, or the management whether good, bad or engineered within the realms of being legal. Pointless in throwing money into a case that could also become an expensive farce with inadmisible evidence as to why a company has performed badly for whatever legal reason. If they have followed protocol, even if we don't agree that it was done 'by the book', legal action isn't going to work. No case to answer otherwise it would be happening across most of the AIM! Best forget that idea unless someone has held a massive dated log which could sum up foul play, then perhaps......but I doubt it would go far and the end result would probably be greater financial losses for all concerned. A good Lawyer would see this as an opportunity as protracated way of earning money unless of course he/she is honest and warn you away from it.
So what was the reason for the suspension then in Dec, it now makes no sense given that the Core deal has fallen through.... they have no money to pay Lind , so what is the expectation ? that they walk away from the Court Case debt free and Judge says Lind has no case... why didn't they just let Lind keep selling shares ?
Doing something will be better than doing nothing irrespective of outcome...I really don't know what is your strategy..you seem to ever optimistic & satisfied whatever is the news / situation / management (Landau/Rory/DC)...I am sure RIG can play useful part in this sorry story as they seem to have some honest, dedicated & learned people and most importantly full support of its membership...but then personally I don't know if few of vital cogs in RIG committee are still invested, and willing to sacrifice their most valuable thing i.e. leisure/family time for such purposes...Based on my experience the easiest & most sensible thing in stock market is to write down failed investment and move to next adventure...this philosophy has kept me a float otherwise I was literally robbed of my entire savings by few crooks.
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