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Celtic, when I saw a link I was expecting a dreaded chart. Definitely a positive day, but try to be the bigger man, don�t try and call the trolls out as you just ask for trouble. As most people have said, it is good news, not massive as only 1 job but certainly good PR and a foot in the door. Let�s hope that they follow this up with maybe a T&T update with increased BOPD and get the bandwagon rolling. 1 point though, and I am not calling the board out, but is now every 1 job we get signed off for RRDSL going to be released in an RNS or is this just a marketing tool � if it is the latter I am happy that they are using this given poor comms in recent history. I would be interested to see how much revenue this generates. KRO Bounty
Bewaresahadows, my point was not whether RRDSL was a good or bad thing for the business, just highlighting that Surely was at best being selective with his posting. Time will tell over RRSDL, I suspect the sale/acquisition was a way to get the rigs wanted - this is not backed up by any fact but effectively it was off loaded and then when it came back it was with new kit and the purchase was set up in a way that was not just an outright loan. KRO
Surely, nice effort in trolling but you seem to think cash is the be all and end all. The cash is there to be used, which they did in the 2 acquisitions of RRDSL and the Indonesia asset. If you have �5 and you are hungry, you spend �3 on coffee and a cake, you now only have �2 cash left but have goods to the value of �3. You clearly know this but want to paint as negative picture as possible. Never mind as the report only covers up to Dec 17 which is now nearly 3 months old, that even pre-dates when you seemed to turn up on this board posting your �wonderful insight�. Perhaps you wish to comment on the working petroleum system in Puntland, or the duster in Georgia, I am sure you can provide yet more expert analysis on these. FRO
Celtic, for me its neutral. Thats because its no new news so everything contained within is factored in to the price and shareholders knowledge. Its not bad but there is nothing to excite me compared to when I went to bed last night. Perhaps my expectations were a little high but am left feeling a little flat. KRO PS I wouldnt engage with the multi IDs just report them and let admin do their thing.
Nothing we didnt already know. Was hopeful that they could have used this to advise of progress made in 2.5 months since. Looks like the waiting game continues. KRO
The quarterlies are important BUT we need to consider them against the cash outflows detailed in the previous quarter. The outflows were expected to be c. $4.8m, which it is possible given the uplift in BOPD and POO could be around break even (or not that far off). That said, it is unclear whether these expenses were based on the admin doc levels of work OR an early expectation of the plan for the year. In regards to the uplift in admin expenses, I previously pushed Eva on this and she confirmed this was a lot to do with relisting so will be interesting to see the current position, the expectation for the next quarter and also if any announcement comes along with the quarterlies. I am hopeful of positive news but will have to see this time tomorrow - I will likely not get a chance to fully review until the weekend but fingers crossed. KRO
Rainbow, if I am honest, my patience in putting the buy orders through was worn thin and if I am honest I am hopeful over the news due at the end of the week so didn�t want to miss the bus. And in all honesty we are talking a small mark up from what I wanted for a reasonably small purchase so in the scheme of things am not �that� bothered. I tend to agree over the RNS and really wish they would be clear in what is being said. I have raised this a number of times but it falls on deaf ears and it pangs of either lack of knowledge/understanding over PR OR something underhand, I hope it is the former and that the news over the next 12 months can overcome these issues. There is a definite chance that this has, imo, been oversold due to bad comms and also due to the concern over the debt. The next 6-12 months are critical to see where we are and it is a sizeable risk but am comfortable that with a following wind we can see many multiples of where we are now. KRO. Bounty.
Couple of chunky trades gone through � not HUGE but in the scope of the dead market of late it is probably the most we have seen in a while (not intended to be 100% factual before I get pulled up). The Ask has also dropped to 0.18, this is bit carp as my most recent buy was at 0.2p and I have no doubt the haters will be all over this. But I am happy that the spread is tighter as this will hopefully encourage some actual activity, and hopefully not a flurry of sells (as there woul be little point as could have got a better price last week). Will be interesting to see how this plays out, could this be as a result of Range being a leaky ship or is it another irrelevant commentary on a sideways moving share. KRO Bounty.
Rex, I have seen you as a poster on these boards for many a year and I seem to have noticed a marked abruptness as to Range of late. I know you have stated you are getting on (not a dig) and I appreciate it can�t be nice is seeing your hard earned locked up (frittered away?!?!) in Range but what is your view as to Range in the next 12 months. You were always reasonably well researched and quite upbeat, but it seems you are p*ssed off with the situation as it stands I personally think we are on the cusp of an upturn, I really hope that my optimism is reflected in both the accounts and SP at the end of the week. I think you seem ground down by the whole Range situation and that is entirely understandable. I would suggest 2 options in your position (this is not a dig as I have genuinely respected your commentary over the years) � 1) sell up and forget about Range and live your retirement without the millstone around your neck or 2) bury these in the bottom drawer and check in on them in say 6-12 months and you might get a little surprise (hopefully positive but this is Range�). The witterings on here certainly are not conducive to a good outlook, especially if you are at a low ebb in your holding. I genuinely wish you all the best and hope that Range repays some of the faith you have had in quick order so you get to see the fruits of this difficult investment. KRO Bounty.
Celtic, fair play for the lengthy post. As Rainbow has said it is not entirely neutral but it is a lot more balanced and is probably the only post I can remember reading from you that is anything other than positive. That said, if you were not positive you probably shouldn't be invested. So it is natural to have so bias towards your position, I am not going to criticise you for this. Let's hope this is a watershed moment and you stop fuelling the fire and the trolls start leaving you alone. Fingers crossed for good news this week. KRO
Celtic, The point is you DO NOT discuss the positives and negatives of Range, you post a completely one-sided commentary of Range that gets peoples backs up, and yes that includes me as I believe that if you actually posted a fair and balanced picture all of your haters would leave you alone but you persist in posting from a rose tinted perspective. You know I am a reasonable guy given the email of a few weeks (?) ago. But honestly, you are such a drag on the board, you single handedly fuel the trolls. Look at iii now, since you have left there, there has been basically zero trolls posting over there. You HONESTLY can�t believe the company is as perfect as you think, you have ploughed in 10�s of thousands into the company and have maybe �3k to show for it. I DON�T want you to upsticks and leave as I believe that you are a real person but I beg of you, for the sanity of genuine holders, please post a balanced opinion. OR alternatively please say that you can see now wrong in Range and then I can see where you truly stand. This is not a personal attack but a plea to try and bring some sanity to a board that is like an asylum. KRO
Celtic, have to disagree, any trades below around 0.18 are almost certainly sells. There seem to be more sells than buys currently BUT the volume is frankly irrelevant. The total volume this morning is around the same as my holding and I am certainly no big fish! More pointless bickering being posted in the last 24 hours. Rainbow/Celtic, are you pair still bickering over the RRSDL client situation. Let�s make it simple, they have a number of client�s some they may or may not be drilling for now or in the future. The website and RNS do not clarify either side to the argument a huge deal but the simple point is that they need to secure more business, whether it is 1 or 2 currently, they need to secure more so bickering over interpretations over the information available is pointless and arguing over it for countless days is why meaningful discussion is quashed. Hopefully the half yearly�s next week clarify some of the grey areas but I doubt it. Let�s just hope they confirm the increase in BOPD and revenues. KRO
If that is the way you see it, bl**dy say that then and you might stop getting some of the constant flack you get that clogs up the board with your army of haters. It�s almost like you like the attention when you freely admit you know that they were not all buys. Its easily, especially with Range at the moment, to figure out the buys and sells, regardless of how they are reported. As the actual spread, within the reported spread, is clear. The midpoint method of reporting buys and sells works well for shares with sensible spreads. I do wonder why the �advertised� price to sell, isn�t moved to more accurately reflect what is going on. In all honest it would better off they were not reported unless they can be reported with a reasonable level of accuracy, for me an asterisk does not cut it as a caveat. KRO
Celtic, will you ever learn... Anything below 0.18 was not a buy - it was a sell. The split from your photo actually shows approx. 1m shares bought v 1.2m shares sold - of the buys - I bought 60% of them... KRO
Predators, you have assumed I am in only one stock which is not true, the majority of my portfolio is in funds and a portion in bigger divi paying companies. I don�t feel the need to post on them as they tend to take care over themselves over the longer term. Range is my guilty pleasure which I �play� with money that I could (but obviously don�t want to) afford to lose should the worst happen. By my own admission, I am somewhat emotionally attached to Range, having been in and out of it for around 10 years (?), it has taught me a lot but I would like to see one final profit before I consign it to my history. One thing it will teach me this time around is not be greedy, hence the joke earlier about the �1 party. I know that if this starts trending towards say 1p, then the hype machine will come out in full force, I will be out the door as soon as the brakes start to become applied. I will effectively apply a trailing stop when I am prepared to lose say 10%-20% off of the top but avoid getting locked back in if it starts to nose dive again. My plan, as it stands it to be out of here by the middle of next year, with 6 months to spare before the 1st big debt payment is due. But as ever plans can and do change. One point over the low volume of late, it does suggest that it is reasonably tough to get people to part with their shares even with the risks as it stands. We have not really had a huge sell off at any recent point, which could suggest that the rise up COULD be a quick one, if/when it gets going. As I have said I am happy with the position that I hold. KRO PS It is particularly funny that the small sells argument that Celtic raised for a long time now is being used my derampers, perhaps the tide COULD be turning.
It has went through this morning at 9:05 for just under 600k shares. I have spend the last number of weeks trying to get orders filled at 0.17, 0.18 and yesterday at 0.19 but they only once got partly filled. The MM (I am not a conspiracy theorist) have little interest in making a market for the share, the spread continues to quash any buys or sells, it took me best part of a month to get my order filled and that took concessions on my behalf. With a spread like this, it is very difficult to get any meaningful volumes to get any movement. Though, if we could get some decent buys, I don�t see us being far away from ticking up � potentially� It is nice to see the buy level recovering ever so slightly increased and we are on the way to the �1 party as per Celtic�s charts (joke!). I am happy with the level of exposure as it stands, my average now sits at around 0.39p (give or take) with 3.9m of these �golden tickets�. Interestingly, I can defo sell my shares from my previous purchase at a profit � in spite of certain posters banging on about sells in the 0.15p level. Let�s hope that we can see a marked improvement in regards to BOPD and revenues in the half yearly�s which are due out 16th March (I believe � may be wrong). Also, Malcy is out in Trinidad, and like him or loathe him, if he provides some decent insight with his blog, we could see an increase in the SP. The BOD still have some questions to answer as it stands in my eyes, but I am going to wait out the half yearly�s and review how strongly the questions are worded. Finally, I genuinely believe that if Range can show some positive news over the coming months this will lead to an increase in the SP and hopefully some of the negatively that has burdened the Range name can be filed in the past and we can start to see the positives in the future and some investers start to return. KRO PS. I stopped posting on here as there appears to be little to discuss other than moaning about Celtic and buys and sells that amount to shrapnel found down the back of the sofa.
I have been trying to buy but still won't fill that flaming order! KRO
Basically it has hardly moved since around 20th Jan. Any tick up or down here and there is frankly irrelevant. The spread quashes any market at the moment due to apathy. This share needs NEWS and the battle over piddly trades highlights the problems at the moment. Still havnt had my 0.18p buy filled. Hope it gets filled before the £1 party. KRO
So beat the evil nasty manipulators (who seem to have limitless shares as have been doing the for 5+ years...) and buy 4p worth of shares every 20mins - will only cost �1 per day and then we don't have to worry about small sells. KRO
Celtic, I call it irrelevancy. If it matters that much, stick your hand down the back of the sofa and buy �143 worth of shares and make us all millionaires. Watching each individual buy/sell will send you crazy. Your time would be better spent getting proper answers from the company to the multitude of grey areas currently with Range. Like how come we were expecting 15 drills in the readmission document and now we are only expecting 2 � please don�t cite the bulletin board guess that we are punting for contracts. BOPD, debt and such like will affect the SP much more than a few small sells. KRO