Member Info for Alansugareatyour

Price, in your opinion

4 billion share issue likely, per rns

572 average bopd for qtr
2.9m cash in bank
C.1m net cash outflow for qtr
220k paid to directors in period

Estimated cash outflows for next qtr at 2.95m is still about 20% higher at the previous qtr inflows,

So I'd expect another half mill net outflow next qtr

Well I have dipped a small toe in the water here this morning so let's hope for a steady rise for a while.

9% up and nowt to say

Does it not just make more sence to wind the company up and just strip the assets. Market cap or £1. Million and 87 million dollars debt.

How can they move forward, they make a net loss and the share price makes any share issues ridiculous in terms of share dilution.

What's their next move?

Merry Xmas all, when it comes.

May santa bring you what you wish for.

CEO gone.

Anything Interesting come from the AGM then?

Who is going, free tea and coffee, probably worth about a 100,000 shares.

In all seriousness, anyone from here going!

https://www.stlucianewsonline.com/another-earthquake-rocks-trinidad-and-tobago/

Another earthquake Sunday in T&T but fairly small in the grand scheme of things.

Wonder if any handouts at 3:30pm that will help the traders/investors. A cry about taxes being increased, will they tinker with CGT I wonder.

Comments from Eva extracted from his post.

"Best of luck with Range. Sadly I don’t think there is any chance they survive more than a year. I received the below from Eva. They have no drive, ambition or clue.

I understand how frustrating this is but yes, q3 19 is correct. As stated in the announcement, the expected completion schedule was revised to take into account the recently announced Petrotrin restructuring. To explain further, Petrotrin plays a major role in pre-approvals and on-site permitting of infrastructure upgrades. Prior to the restructuring, Petrotrin would carry out such work daily. However, the announced restructuring resulted in Petrotrin ceasing internal overtime work for their employees, including weekend work. These changes are therefore anticipated to result in delays in obtaining regulatory approvals required as part of the programme, and hence cause delay in our infrastructure upgrades.

With regards to RRDSL, we are continuing with marketing efforts and are hoping to secure further work. We will of course update all shareholders once we have some further developments on this.

Kind regards

Eva"

http://www.guardian.co.tt/news/updated-flood-red-alert-6.2.695267.a4bc5f78b9

Unsure how it's affecting operations, just noticed it on ws

From ws, unsure how it's affecting current operations.

" I confident with Range Resources? Well I was confident when I was buying a couple of hours ago but after discovering a bit more about the size of the liabilities I must confess I don't feel so "

If you look at the 2018 financial statements and RNA, you can see that the $1.6m interest payment is due at the end of this month I believe.

There are $8.5 sundry payables in liabilities due <1yr, which relate to local taxes, royatand sundries (I posted an email from Eva clarifying this on another BB).

The $20m LO payment is due 2020, (April I think).

$39m due after all this.

The company has increased its turnover by 50% in 2018 but still generated a $17m loss. Say 4m a quarter and at June 2018 the company had about 4m in cash, see the published accounts.

Unless you bought your 5m shares without knowing anything at all about the company surely you knew they had a fair bit of debt, have 400m of accumulated losses, are currently loss making and have very little cash?

Much appreciated,

Unfortunately I don't remember you from my III days.

Much appreciated,

Unfortunately I don't remember you from my III days.

Much appreciated,

Unfortunately I don't remember you from my III days.

Much appreciated,

Unfortunately I don't remember you from my III days.

Sorry, some sort of server 500 issue when I posted, so it appeared multiple times.