Post by JimmyRobby85 on May 16, 2014 16:35:55 GMT
www.malcysblog.com/#sthash.d7gIu80N.dpuf
Range Resources has, as you know come back onto my radar screen and having met up with Rory Scott-Russell a while ago I decided to let bygones be bygones as I felt that he was capable of doing a really good job here. I decided to put the company out as a buy, albeit with some risk as there is much reparation work to do on the company. Not least the financing, which was most definitely the worst part of the dogs breakfast that the company had become, so yesterdays fund raising was great news for shareholders who have become decidedly revolting in recent months. At a level 50% above the then current price and leaving the company almost debt free, the company will no longer need to dilute equity holders and whilst asset sales continue the flag ship asset in Trinidad will not have to be mortgaged to keep the company running. Make no mistake there is much to do at Range but I have a good feeling about this one and maybe even the long standing shareholders might give the board the chance to get on and do their work. - See more at: www.malcysblog.com/#sthash.d7gIu80N.VRH059w7.dpuf
Really?
?
Hmmmmm maybe a polite letter to Malcolm to remind him that although range may look like a buy today. Rory has still lost over 50% of MCap/SP since Feb.. (thats quite impressive) and to recover is the first step, however the shares in issue will mean that recovery for the SP will take longer.
To get back to pre-iop merger days will take some effort too.
The board have plenty of chance to get on with their jobs, Rory has done what I consider one of the most important jobs (SORT THE SPIRALING DEBT)
To be honest I think shareholders have been pretty damn good towards the company considering its dreadful performance over the last 2 years. We are still trading near an all time low.. No time to get a hard on yet.
The position of the company may never be known in relation to how much trouble we where in due to the amount of mistakes with IOP, Loansharks and anything else but personally I think if shareholders knew the truth an EGM could have been a real possibility as well as a lot of reporting to the authorities as some of the way in which RNA's and non RNA's news has been fed over the years is in my words DODGY AS HELL.
Range Resources has, as you know come back onto my radar screen and having met up with Rory Scott-Russell a while ago I decided to let bygones be bygones as I felt that he was capable of doing a really good job here. I decided to put the company out as a buy, albeit with some risk as there is much reparation work to do on the company. Not least the financing, which was most definitely the worst part of the dogs breakfast that the company had become, so yesterdays fund raising was great news for shareholders who have become decidedly revolting in recent months. At a level 50% above the then current price and leaving the company almost debt free, the company will no longer need to dilute equity holders and whilst asset sales continue the flag ship asset in Trinidad will not have to be mortgaged to keep the company running. Make no mistake there is much to do at Range but I have a good feeling about this one and maybe even the long standing shareholders might give the board the chance to get on and do their work. - See more at: www.malcysblog.com/#sthash.d7gIu80N.VRH059w7.dpuf
Really?
?Hmmmmm maybe a polite letter to Malcolm to remind him that although range may look like a buy today. Rory has still lost over 50% of MCap/SP since Feb.. (thats quite impressive) and to recover is the first step, however the shares in issue will mean that recovery for the SP will take longer.
To get back to pre-iop merger days will take some effort too.
The board have plenty of chance to get on with their jobs, Rory has done what I consider one of the most important jobs (SORT THE SPIRALING DEBT)
To be honest I think shareholders have been pretty damn good towards the company considering its dreadful performance over the last 2 years. We are still trading near an all time low.. No time to get a hard on yet.
The position of the company may never be known in relation to how much trouble we where in due to the amount of mistakes with IOP, Loansharks and anything else but personally I think if shareholders knew the truth an EGM could have been a real possibility as well as a lot of reporting to the authorities as some of the way in which RNA's and non RNA's news has been fed over the years is in my words DODGY AS HELL.
