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Range Resources Ltd Share Chat (RRL)



Share Price: 0.57Bid: 0.57Ask: 0.60Change: 0.00 (0.00%)No Movement on Range Res.
Spread: 0.03Spread as %: 5.26%Open: 0.55High: 0.57Low: 0.55Yesterday’s Close: 0.57


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Celticheart
Posts: 7,759
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.57
View Thread (5)
RE: o/t Trinity
4 Aug '15
Sorry Lewis what was I thinking, too busy posting guff (what is that?) I guess :)
 
lewisycymoedd
Posts: 3,656
Off Topic
Opinion:Strong Buy
Price:0.57
View Thread (5)
RE: o/t Trinity
4 Aug '15
Might have guessed. BG was simply echooing thoughts of great and good after Trinity RNS yesterday:

Malcy blogged: "Whilst I am on the subject of companies going into administration it looks pretty terminal for Trinity which someone described to me this morning as being between two hard places with a rock on top. Although today’s announcement says that ‘the Company has agreed a further extension to the moratorium on principal repayments, relating to Trinity’s outstanding debt balance of US$13m with its lender, until 21 August 2015; I am not convinced that there is any way out for the company. "

And presumably, BG, you have concluded that Range may ride in like a knight in shining armour. Very possible.
BhoyGeorge
Posts: 1,687
Off Topic
Opinion:No Opinion
Price:0.57
View Thread (2)
RE: BhoyGeorge
4 Aug '15
Celtic what you said is 'If you read my post you will see that I said that we are looking to re-establish our support at 0.6'

So how can you re-establish something that is "new" .

Are you really so pathetic that you even try to deny what you said the day before... and lecturing people about charts when you can't even draw a support line ... jeez
lewisycymoedd
Posts: 3,656
Off Topic
Opinion:Strong Buy
Price:0.57
View Thread (5)
RE: o/t Trinity
4 Aug '15
It was BhoyGeorge that noticed the possible link between this unexpected price rise this morning and Trinity. Give him the credit and refain from jumping on his bandwagon, CH.
Celticheart
Posts: 7,759
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.57
View Thread (2)
BhoyGeorge
4 Aug '15
I clearly said that we were looking to establish a new support level @ 0.6, which we still are. Frequently a line of resistance becomes the new line of support. I will post a chart later which might make things a little clearer.
Celticheart
Posts: 7,759
Premium Chat Member
Research
Opinion:No Opinion
Price:0.57
View Thread (5)
o/t Trinity
4 Aug '15
Just a bit of lateral research here but I notice that Trinity have had an extension to their loan moratorium due to ongoing progress with their strategic review (selling / farmout), could there be a connection with Range that has yet to be disclosed? I still believe that some of their assets would suit us very well indeed but just speculation of course.

3rd August 2015

Trinity, an independent E&P company focused on Trinidad and Tobago, today announces that the Company has agreed a further extension to the moratorium on principal repayments, relating to Trinity's outstanding debt balance of US$13.0 million with its lender, until the 21st of August 2015. The extension of its credit facilities by its senior lender represents their continued support of Trinity and the Formal Sales Process ("FSP").

Progress continues with the strategic review and FSP and as part of this Trinity retains a regular dialogue with its lender and creditors. Trinity will provide an update on progress to date from the process alongside an operations update within the timeframe of the extension.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12447504.html
BhoyGeorge
Posts: 1,687
Off Topic
Opinion:No Opinion
Price:0.57
View Thread (2)
RE: Chart view
4 Aug '15
Celtic 'The sharp eyed will have noticed'....

is that the same sharp eyed who found a non existent support line at .60 yesterday ?

goodness, the guff is never ending with CH
Celticheart
Posts: 7,759
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.57
View Thread (2)
RE: Chart...
4 Aug '15
I seem to remember you said much the same thing when the parabolic turned red Salty :)
SaltDome
Posts: 1,052
Off Topic
Opinion:No Opinion
Price:0.57
View Thread (2)
Chart...
4 Aug '15
please note that historically when the ParabSAR goes green this is not a good sign and normally takes a another bath....
Be careful...
Celticheart
Posts: 7,759
Premium Chat Member
Observation
Opinion:No Opinion
Price:0.57
View Thread (2)
Chart view
4 Aug '15
The sharp eyed will have noticed that the Parabolic has turned Green.





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