RE: 3 Questions1 Jun 2018 10:00
Celtic, thank you for finally posting your response after several weeks of asking.
So some bitter ex holder are selling small amounts to knock the SP down, if they were ex holders, how are they selling shares if they are ex holders. Surely (no pun intended) you need to be a share holder (ie hold shares) to be able to sell shares. This makes no sense at all,
So your essential view is that "traders" (a mysterious mythical monster) are selling small quantities to try and drop the SP so they can buy more. The problem with this is that the SP really has not gone up at any real time over the past 5 years - I wont comment on the 10 year graph!!
You appear to suggest that traders can CONSTANTLY sell small amount of shares and then (!?!?!) buy bigger amounts of share at a lower value. The question is WHERE are these traders looking to make profit, as once they have apparently dropped the SP, the price to sell then drops so the new shares that they have bought are instantly worth less.
Your view on this is clear that you are keen to blame anyone other than Range for the poor performance of the company and therefore the SP and looking to shift your error in judgement in buying at a higher level onto someone else so that you do not feel quite as bad about your decision making.
Lets be clear. I have bought at higher levels than we are currently at. There is a reason why there are no new (or very few) investors as there is little to inspire confidence of making a profit. Whilst I am happy that I will see profit, I can understand people looking at a graph that has dropped essentially for 7+ years and with the impending debt burden be unable to justify as to where the profit will come from.
Simply put, it appears that your few is one which you have picked up from posters of old when it was suspected that people were getting free options and flooding the market and have believed that somehow people can make money in spite of the spread.
Celtic, I don't want to argue but you really need to try and think critically and objectively and realise that there are no ex holders trying to get you to lose money as they would (if shorting) certainly get burnt if the board released a genuine good news of say extra water for the waterflood or increase oil from Trin or Perlak.
Good luck and am sorry it took you to be hounded to try and illicit a sensible discussion on the matter.
KRO