Post by Rexco on May 25, 2015 19:45:32 GMT
I have just seen the following post on LSE posted by Omadawn.
"I have undertaken extensive research today and pulled in some favors to try to get to the bottom of what is happening with Range.
I will post what I found in it’s raw state. I do this to put people’s minds at rest. Validation should be with us tomorrow
The extract is dated 20th May 2015 from RRL to ASX
“We wanted to wait till the 14th to allow the Core extension to take its full life before we reply to you without too much uncertainties. Its a busy week at Range this week. There will be number of very positive announcement this week, including new financing we have secured in anticipation of Core’s termination. and I have asked our Comsec to send you my replies since I am on the road, to address your concerns and questions. No doubt being able to lift suspension is something of paramount importance to Range in moving forward the company and create shareholder value. We hope after you read our replies you would agree with us and allow us the opportunity to have a discussion on such efforts. “
This extract is date 7th May, from ASX to RRL
“Prior to ASX issuing a reinstatement conditions letter to the company, please provide the following information:
- Any further update on the US$60m funding from Core Capital management Co., Ltd;
- A detailed proposal on how the company intends to raise capital should the US$60m funding not eventuate. Please include details of how the company intends to deal with the following:
· the repayment of the Lind facility;
· any obligations to Strait Oil & Gas with respect to the Production Sharing Contract over Block VIb of the Georgian Project;
· the security deposit required under the US$50m trade financing package for LandOcean’s services.”
I hope this puts many people’s minds at rest and shows Range are trying to lift the suspension but have to demonstrate certain conditions to ASX"
"I have undertaken extensive research today and pulled in some favors to try to get to the bottom of what is happening with Range.
I will post what I found in it’s raw state. I do this to put people’s minds at rest. Validation should be with us tomorrow
The extract is dated 20th May 2015 from RRL to ASX
“We wanted to wait till the 14th to allow the Core extension to take its full life before we reply to you without too much uncertainties. Its a busy week at Range this week. There will be number of very positive announcement this week, including new financing we have secured in anticipation of Core’s termination. and I have asked our Comsec to send you my replies since I am on the road, to address your concerns and questions. No doubt being able to lift suspension is something of paramount importance to Range in moving forward the company and create shareholder value. We hope after you read our replies you would agree with us and allow us the opportunity to have a discussion on such efforts. “
This extract is date 7th May, from ASX to RRL
“Prior to ASX issuing a reinstatement conditions letter to the company, please provide the following information:
- Any further update on the US$60m funding from Core Capital management Co., Ltd;
- A detailed proposal on how the company intends to raise capital should the US$60m funding not eventuate. Please include details of how the company intends to deal with the following:
· the repayment of the Lind facility;
· any obligations to Strait Oil & Gas with respect to the Production Sharing Contract over Block VIb of the Georgian Project;
· the security deposit required under the US$50m trade financing package for LandOcean’s services.”
I hope this puts many people’s minds at rest and shows Range are trying to lift the suspension but have to demonstrate certain conditions to ASX"
