RNS Response31 Mar 2023 11:45
Sorry, but mainly a rant..on good grounds.
"During the half-year, the Company's main focus was on securing new attractive acquisition and investment opportunities to provide future growth and value for the Company and its shareholders. "
"During the previous 12 months, the Company had reviewed a few new projects and investment opportunities."
Absolute bull! Porkies! All the time these have been on the board..not one acquistion, not one investment opportunity. The only thing these are interested in is chasing court rainbow decisions.
"During the previous 12 months, the Company had reviewed a few new projects and investment opportunities."
This little piggy went to market..this little piggy stayed at home.....
NOT ONE investment or acquistion from them.
Can anybody explain what the company's assets are? - "the Group had net assets of -US$6,494,111 "
"During the half-year, the Company took necessary steps to further cut the ongoing costs of its oilfield services business in Trinidad ("Range Resources Drilling Services Limited" or "RRDSL")." "The Company reached a conditional fee agreement (the "CFA") with Dentons UK and Middle East LLP ("Dentons") in the 2021 financial year based on a no-win no-fee business model"
- what cuting costs by severing links to the company who does no-win, no-fee!! Jokers!
" trust account set up by Dentons."
$130,000 in trust account, held by Dentons, but "the Company received a notice letter written by Dentons to terminate the CFA with immediate effect"
- where is that $130,000, under someones pillow, or still in Denton's office?
"Cash balance is US$450,000"
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