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Range Resources

Quarterly Report our on ASX

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

Quarterly Report our on ASX

Post Wed Oct 24, 2018 11:37 pm

https://hotcopper.com.au/documentdownlo ... 92GA%3D%3D

Download if you dare - not for those of a nervous disposition FFS
Buckz
 
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Re: Quarterly Report our on ASX

Post Wed Oct 24, 2018 11:44 pm

Extremely disappointing. AGM will now be interesting as I expect some directors will be ousted
Martini069
 
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Re: Quarterly Report our on ASX

Post Wed Oct 24, 2018 11:54 pm

I have to agree, this is particularly disappointing.
They are at least a year away from getting the BOPD even close to 800.
It’s hard to see how they aren’t going to run out of money before then.
New SP lows tomorrow.
ritchieg01
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 12:15 am

We are ****
FUBAR@Birth
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 3:59 am

Wow. Just wow. I’m actually speechless. They just lost their jobs but that’s it, game over here. They’ve stopped trying and are clearly amateurs.... the amount of things that catch them off guard. They’ll never get funding to get out of the debt . I’m sorry to myself and all genuine shareholders.
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 4:08 am

Nothing about new rrdsl new contract work and we brought more Georgia, presumably without the dispute with the government resolved.
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 4:43 am

I've just put a sell order on for all of my shares on ASX at 0.001. Thats a loss of AUD58K.

Probably wont get picked up - doubt theres a market for Range at any price.

What a shambles - how tone deaf was the chairmans report in the annual in retrospect now.

Genuinely gutted for all shareholders here....felt so much like we had turned a courner when they announced 880 bopd and a accelerated drilling plan in May. How quickly and suddenly it all came to an end here.

Such a good lesson in realising that just because they have fancy titles doesnt make them any good.
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 4:57 am

There currently 104 sellers on ASX wanting to sell 143149584 units at 0.001 with 0 buyers
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 8:51 am

The incompetence is mind blowing. The Directors couldn't run a bath!!!!
Nedkellylandau
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 9:10 am

That’s got to be the last straw for Malcy as well surely. 80 million spent and we are back where we started. Notice they didn’t even mention looking for more rrdsl contract work and snuck in the Georgia stake acquisition. Looks like they have given up to be honest and just waiting for the inevitable.
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 9:17 am

No one will refinance us now with production back to 2016 levels and probably more drops to come. If they make it to q4 2019 and drill that’ll be almost two years of paying for rrdsl without drilling a well for range
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 9:17 am

Nicks on paternity leave. Just got an out of office.
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 9:50 am

Razz
You should have no bother selling your shares as someone is still buying in multi million blocks. 9000000 before the quarterlies and another 9000000 this morning. Someone is still building up a massive share of the co and the BOD would appear to be running scared because of it.
We should all rejoice at the Georgia purchase - it comes with some magic beans and a goose that lays golden eggs!
Nedkellylandau
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 10:23 am

Another 10 mil just went through. LO going for takeover seeing as they will likely lose their 80 million if they just sit back. May as well get the assets and rig company back for 4 million
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 10:33 am

Or touchstone picking us up
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 10:43 am

Razzledazzle wrote:
> Another 10 mil just went through. LO going for takeover seeing as they will
> likely lose their 80 million if they just sit back. May as well get the
> assets and rig company back for 4 million

Razz
Been all sorts of speculation that Sibo/Abrahams are actually LO but the actions of the BOD would seem to indicate that the buying is from someone other than the existing shareholders
Nedkellylandau
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 11:14 am

Well they won’t build a stake 10 million at a time, there’s billions in issue
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Razzledazzle
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 11:23 am

Razzledazzle wrote:
> Well they won’t build a stake 10 million at a time, there’s billions in
> issue
Razz
Someone bought a major chunk of the last share issue and have been buying since - you can only buy what is available but 10 million a day soon adds up.
Nedkellylandau
 
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Re: Quarterly Report our on ASX

Post Thu Oct 25, 2018 11:25 am

cash receipts are very low considering RRDSL have drilled a well.

we must assume a backlog of Petrotrin payments and maybe Touchstone haven't paid yet.
It touchstone have paid its a sorry state.
Its possible we will never get the cash out of Petrotrin and this may have something to do with the scaling down of operations
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boobs
 
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Re: Quarterly Report our on ASX

Post Fri Oct 26, 2018 10:17 pm

Cant help thinking Ned is onto something regarding large buy orders
Can Range really only be worth £4m now ??

I have bought a few more on the small dips because its already turning into a pretty exciting ride if you're aboard !!!!
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Nas_Daq
 
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Re: Quarterly Report our on ASX

Post Sat Oct 27, 2018 10:14 am

Really disappointing that RRDSL haven’t managed to gain 3rd party work. Big concern is how they are going to market them with little monies in the bank.
Martini069
 
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