Member Info for itisagame

Odd now it’s NT to buy down to £500 then Getting quote for 13.7p to buy. Still 12.38p to sell

12.8p to buy, 12.38p to sell. Can currently easily buy and sell decent volumes.

I don’t know what’s going on, I pulled a quote up to sell earlier just for my own reference and had a quote at 13.2p, we had no trades then a smaller sell goes through at 12p, now it’s quoting 11.45p to sell. Is it That there are no orders on the order book? Or a few sell orders on the books at any price that need clearing? Or bringing it down to fill some bigger buy orders? Either way it’s still not churning much volume. It’s only had under £100k in trades below 20p, and around £200k in trades since it was 38p, and now it’s 1/3rd of that price, wiping ~£30m off the Mcap. can there be much stock available around at these prices?

As of 30th June - $23.7m / 1.27 = £18.6m / 116.5m = 16p / share. Minus what they have spent, in the meantime. I’m Looking for information on their existing “short term investments” but can’t find much. Anything interesting there?

Odd that it’s down so much on hardly any volume, let’s hope it’s not Invesco selling off in background. Only a page of trades in a month, wonder what the holders from the 2 trades that add up to over £1m @ 40p are thinking today.

Wow, well that wasn’t one of my wisest buys...... I’ll cling on to the fact that £18m Mcap is Now under the last reported cash and equivalents value for a while. Aparantly they are now doing a review in to results, may involve new acquisition(s), Review Outcome expected September. That’s what a squawk on the Vox app says anyway.

Never mind, it’s the 4.15 ET one that looks cancelled and replaced by the 9.00 ET one which is call to listen only, no link for a live stream. Will listen When it’s uploaded on website.

Signed up to listen to today’s presentation and get the message - This Presentation has been cancelled. “ The Company will host a conference call and audio webcast today at 9:00 a.m. ET / 2:00 p.m. BST to discuss the Atopic Dermatitis Phase 2 trial results and the financial results. To access the conference call, please use the dial in details below:“ Probably had a few disgruntled shareholders to deal with today.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RLM/13754286.html

Only because it’s a big drop and they have a chunk of cash in bank, conference call later could be interesting. “Cash, cash equivalents and short-term investments were $23.7 million as at 30 June 2018”

Oo I was 20 mins to early.

In again at 122.9, lowered my average price by 8pps today plus made a bit more elsewhere. Chump change long term but I’ll take a 7/8% profit for the day over a loss any day.

The rates do differ, I get charged varying rates on retail space / warehouse / show room / car parking / office space etc which are all added together then billed as one combined charge, they even came out and measured up the spaces in the building, to the extent that i save thousands of £ a year compared to my neighbour by dividing up the space with stud walls and doors, if I didn’t it was billed as all retail and office space which is more expensive than warehousing. Also annoying is how the council bases it on what it decides what the rentable value “should “be, even though this price could be far higher from the real market price for rental that you pay. Totally agree that everyone pays their fair share and the structure of amazon / google etc show where changes in the tax laws should be made. I’m Always a bit twitchy when they pipe up about rates because i seem to get screwed everyway. Even something simple like removing rates on car parking space would revive a lot of business and could really change my local town centre atleast.

Anyone think Hammond will do something in the October budget to help debs and the high street with business rates? I don’t expect much but If any change i think there is more chance of a one sided change that just taxes online retailers more and keeps the high street rates the same. I Doubt we will see something that makes a real difference such as a 25-30% drop in rates as they wouldn’t be able to afford it but something would be better than nothing.

Or come December 1st 2019 range tell LO they are not paying them the remaining $17m of the $20m CLN, LO are forced to convert at 0.88p, share price gets bumped up off the back of that, then come 2020 the remaining debt ~$40m is partly cleared from cash made from 1000bpd+, placings at higher prices, excised warrants And refinancing, LO recover their money off their cheap warrants, interest and shares they have accumulated in the meantime under different company names which they have not reported, the cleaner balance sheet then makes range more attractive and the sp finally rises by its own merit. Or LO or the company LO owes money to go bust and range buy the debt and their stake in the company for pennies on the dollar off the administrators. More options then just go bust available as long as range can keep getting oil out the ground in good qtys. You never know what to expect with range.

Just look at the worlds debt levels, we never got out the 2008 one.

It could tempt them to make an offer but why would shareholders accept a low ball offer, they know range doesn’t have to pay them back in cash and range can pay them in shares at 0.8p which would be worth ~£2.5m at 0.12p. So on the other side why wouldn’t the CLN holders accept £2.5m-£4m to clear the debt the $17m instead of issuing shares at 0.8p. As bad as the low sp is for holders it could be used in ranges favour.

Worse case I might have to hold some till they are forced to convert the remaining CLN at 0.8p in just over a year, would definitely give a boost to sp at current level atleast. I Wonder if they are one of the ones who took part in the placing at 0.12p maybe with the earlier repaid money, buying in now for a pump next year to help brake even perhaps. If so they will have ~2.5b shares in the end (the placing shares at 0.12p plus the converted CLN shares at 0.8p ) that gets them £20m which covers $20m CLN and the £1m placing cost on paper. I can only speculate as the aim reporting rules don’t seem to apply to RRL. “Convertible Bond Convertible at £0.008/share. Repayable in November 2019” “The conversion price is at a significant, 130% premium to the closing price as at 28 October of 0.38p. At today's exchange rate, if LandOcean were to convert the full amount of the convertible loan, they would hold an interest of approximately 19.9% in the enlarged share capital. LandOcean will have the right to appoint one Director to the Board of Range at any time when the value of the outstanding note and any conversion shares held exceeds US$10 million, and have the right to appoint one further additional Director when the value is a minimum of US$20 million. ” I’m Not trying to spam the board, it’s just a few thoughts I had over the weekend and the bbs still quiet.

Obviously they have done the work, but how much in-house work is left to do? they say they did 223 workovers in 2017 and reported 50+ last quarter, the last presentation said they had “180 wells are currently producing from zones ranging in depth from 400 to 4,000 feet” so do these wells need a clean up every 6-9 months? Also Wouldn’t you expect more then a combined average of 4-6 bpd from each well after all the work has been done? I’m Just looking where savings or more cash might possibly be made, compared to previous years.

“employing approximately 190 staff” I Wonder How many are full time and how many are only contracted in when needed? Be nice if they can fill the remaining 350 days in the year. :)