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World Stocks

Range Resources

GEORGIA UPDATE

(ASX:RRS / AIM:RRL / PINK:RGRLF & RGRYY)
Informed Discussion. No ramping. No deramping.

GEORGIA UPDATE

Post Wed Jun 12, 2019 9:34 am

https://www.investegate.co.uk/range-res ... 31049390B/

"The Company is seeking damages currently estimated at approximately US$21.9 million as well as interest on these amounts calculated at approximately US$1.7 million."
kemp91
 
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Re: GEORGIA UPDATE

Post Wed Jun 12, 2019 3:33 pm

This is a strange one and left me scratching my head. Seems to have come from nowhere just when you thought they were running the piggie bank till the lights got turned off.
Not sure of how realistic the claim paying out actually is.
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Momo
 
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Location: Relax nothing yet...

Re: GEORGIA UPDATE

Post Wed Jun 12, 2019 4:32 pm

That was certainly unexpected but has been overdue for an eternity!
At least it appears ‘they’ are not giving up. Rockhopper (another sh*te decision of mine) are doing something similar in Italy. Feck knows how long it’ll take.

Is this a prelude to more news?

GLA - whoever is left.........
Buckz
 
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Re: GEORGIA UPDATE

Post Wed Jun 12, 2019 7:55 pm

lmao if they win 20m and lay down that LO debt the share price would rocket hahaha
kemp91
 
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Re: GEORGIA UPDATE

Post Wed Jun 12, 2019 10:48 pm

What is the likelihood of this being successful and how long will the case last?
Martini069
 
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Joined: Sep 2018

Re: GEORGIA UPDATE

Post Thu Jun 13, 2019 12:22 am

Jesus how funny would that be if that came off. Debt wiped out, and s nursery !

Won’t hold my breath.

At best this will be like any litigation. Go in with a high claim and accept a fraction of that out of court if it looks like Govt are going to lose. But this is Russia ala Georgia. They will likely tell us to piss off
FUBAR@Birth
 
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