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RRL Share Chat - RSS Feed

Range Resources Ltd Share Chat (RRL)



Share Price: 0.56Bid: 0.53Ask: 0.58Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.05Spread as %: 9.43%Open: 0.56High: 0.00Low: 0.00Yesterday’s Close: 0.56



Share Discussion for Range Res. (RRL)


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thetrancedude09
Posts: 294
Off Topic
Opinion:No Opinion
Price:0.71
Lind dont have any shares
15 Jun '15
i don't think lind have any shares to sell, they found themselves in a tricky position just before suspension as they sold the collateral shares they were meant to be holding onto, half the reason we are currently arguing in court with them,

as we know we want to settle in cash in liue of issuing more shares..... if anything they would need to be buying shares.... so they can return the collateral ones back to range.
 
SaltDome
Posts: 627
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (3)
RE: saltdome
15 Jun '15
thetrancedude09 - but even one of the prolific posters and resident bull on iii RRL bb posted ;
Volume has dropped making the sp more volatile on the predictable Lind sell off.
thetrancedude09
Posts: 294
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (3)
market settlement
15 Jun '15
think this is just the market valuing range, with some PI's bailing, just before suspension we were 0.55 so some people still getting out with a profit.

LGO who are currently producing 4x the amount of oil as are currently worth 112m

this is a very simplisitic benchmark but goes to show we should be worth 28m on a like for like basis. that equates to 0.49p as a valuation for Range.

whilst i i know we can use LGO as a comparison does go to show that range is not to far off. once plans and some actually results come in we should see some considerable movement in the market cap.

Stongly believe in the next two years we will be worth at least twice LGO.
jeffry
Posts: 1,600
Off Topic
Opinion:Strong Buy
Price:0.71
Celticheart
15 Jun '15
Celticheart, agree that too many derampers here. despite many sells, they have been many chunky buys too, which derampers fail to mention. i top up when we traded again but a bit disappointed that we are still sub 1p. hopefully wont be for long and we should be trading above 2p.

anyway, Celticheart, have a look at JLP as well while waiting for RRL. JLP has potentially to rerate similar to AMC, from 2p to >20p. awaiting platinum mining licence and already generating revenue. mcap cheap and low no of shares.

anyway, i may top up more RRL soon lol.
SaltDome
Posts: 627
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (3)
RE: saltdome
15 Jun '15
so who is selling...?
thetrancedude09
Posts: 294
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (3)
saltdome
15 Jun '15
an investor is not going to pay 0.8 for 650000 shares only for a week later to offload them at a loss..... dont think this price has anything to do with those shares. of which believe will be held for quite some time now....
Yuffspetpoodl
Posts: 587
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (2)
RE: bricket
15 Jun '15
It affects your considerable paper losses though :-)
SaltDome
Posts: 627
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (2)
RE: Chart - Daily
15 Jun '15
I did ask the question once RRL resumed trading, "will the 650 mil additional shares be sold off ASAP" I was told that it was an investor not a loan shark. I think sentiment has yet to kick in and it will once the 650mil have been cleared and that sentiment will take it down. I find it odd that the bulls on here did not pre warn us of this obvious sell off...do they have an agenda?
bricket
Posts: 143
Off Topic
Opinion:No Opinion
Price:0.71
View Thread (2)
RE: Over 10 million buys since Frid..
15 Jun '15
And what does the share price say? Plummeting - that's what!
Celticheart
Posts: 7,353
Observation
Opinion:No Opinion
Price:0.71
View Thread (2)
bricket
15 Jun '15
Laugh all you like bricket but you wont influence my post one little bit or my TA charting :)





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