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As a long term holder and sitting on a very large loss at present I know this is not good news but I am really struggling to see how we're going to come out of the other side. We are still burning through cash and we don't have any to burn, How are we even going to make it to Q3 2019? I am reading that we basically cannot produce production because we don't have the infrastructure to cope with it, which leads me to believe that maybe we're being kept at low production for a reason? Do the Chinese want to take over this company with one of their others, only one winner in that and it certainly won't be us shareholders!
This update does confuse me a little in that we're spending on infrastructure upgrades, we're buying new tools to help with study and things like this really don't seem to strike me as actions of a company on the rocks and about to go under.
Something doesn't add up here and I'm not sure what but there is obviously some kind of plan to keep this afloat, that said we do have a LARGE amount of debt although NONE of it is secured on assets but it still does worry me!
Bottom drawer stock for me now, Will occasionally look on the forums but it is worrying.
typo, meant holder but I could do with a holiday or two after this pile of dung.
probably a good thing as a long term holiday currently down c.20k I'd stay clear!!!
Try having £21,000 in at an average of around 2.1p. not worth a bean, and of course not told the other half although this is certainly a bottom drawer share now which I've concluded was a bad investment and all but lost. If I ever do see my cash back it's a bonus.
I hope so Celtic, I would love to even get half my money back but it is concerning when you see other oilers rising in line with poo yet we still struggle and can't even break past 0.3p. I want this share to do well, I'm heavily invested and it's money I really would not want to lose but I've been here a long time and it's only headed in one direction.
Despite the rise in oil price and other oilers share prices Range seems to be lagging behind with hardly any movement. Anyone know the next key date for news? Thanks
Small baby step today but it's positive, be interested to know what the 10 days work is worth in monetary value against the cost of moving the rig, paying staff etc? I'm not being negative just genuinely interested. I've got just under 1m shares at an average of around 2.3p so its a VERY long way to go before I see any kind of return, I had all but written this off and accepted the loss.
I'm in, only for a small pot as I got burnt for 19k on RRL on the aim, a lesson I will never forget!
It's nice to see a recovery in the market as a whole but It would be nice to take this back above the IPO price! I have no intention of selling until I am granted my free shares at which point I have no intention of holding here any longer. This was simply an alternative to a ISA albeit a small amount, I just hope my Lloyds share and other investments come good in 2015.
Probably has something to do with Lloyds putting the 2nd tranche into the market. I'm holding until my year has elasped then I'll be coming out 10% in a year is better than any ISA will offer.