RE: Yesterday's RNS22 Feb 2018 10:23
Celtic, the most recent RNS confirms that they are working for Range and one other client on T&T so I don�t see how we can still be working for TRIN, CERP and PETROTRIN. We all know how out of date websites can get, I try to accept the RNS as the present position.
As for your chart skills, I will try not to be personal but they have hardly predicted the position today or you would be significantly richer than you are presently. We need to focus on the volume of trades and the RNS� yesterday simply didn�t inspire the market and stating that the market is waiting to absorb the news is rubbish IMO.
Rainbow, there is little point in blowing the trumpet as through this was a gamechanger in terms of where Range is. I am �happy� to wait this out and see if the volume of heavy workovers get us over the fabled 1000BOPD. There are some clearly positive snippets, some negative ones (the depletion is one you rightly highlight) and some that simply don�t have enough information to allow you to make an informed decision over whether Range is going to be in a strong position come the end of the year.
I would be very happy if the workovers along with the 2 (4?) development wells get us to 1000+ BOPD by year end with decent cash reserves and RRSDL are bringing in cash from multiple sources to support their existence and add to Ranges position.
If I was to give advice to anyone it would be HOLD unless you are happy with a sizeable level of risk, have available funds and like the potential of a multibagger. I have still got a buy order going for 0.18p, if I get this, excellent. If not, then the SP must be drifting more towards my average.
The quarterly update will be quite telling I would think, the last quarterlies put us on warning of significant cash burn but Eva has confirmed this was associated with relisting.
Mixed bag as ever, but my buy at 0.17is in profit � how many posters have a profit on Range as it stands, ha ha
KRO