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World Stocks

Range Resources

RNS General meetimg

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

RNS General meetimg

Post Fri Feb 01, 2019 1:00 am

https://www.asx.com.au/asxpdf/20190201/ ... kndhch.pdf

GM to vote for issuing of shares to LO as previously announced.

It’s a done deal, either we do it or company folds. So this will happen either way
FUBAR@Birth
 
Posts: 957
Joined: Mar 2012

Re: RNS General meetimg

Post Fri Feb 01, 2019 7:46 am

Looks an excellent deal for Range. The new man clearly stamping his authority all over this. Expect the market to react well
Martini069
 
Posts: 80
Joined: Sep 2018

Re: RNS General meetimg

Post Fri Feb 01, 2019 11:11 am

Looks like a crap deal with an additional 4 billion shares issued and Land Ocean the biggest shareholder in the company. Not so much the shares as Land Oceans increased involvement and the way they treated Anterra.
Nedkellylandau
 
Posts: 1992
Joined: Mar 2013
Location: Lost on the Range

Re: RNS General meetimg

Post Fri Feb 01, 2019 3:06 pm

I fully expect to see some form of consolidation once the LO share allocation is approved. A 10:1 consolidation would give us just 1.2 Billion shares in issue with a value 10 x what they are now. Our holding value would remain unchanged.
Celticheart07
 
Posts: 236
Joined: Jul 2013
Location: Wales

Re: RNS General meetimg

Post Fri Feb 01, 2019 6:21 pm

Celtic - Remember your maths from decades ago - 10 times zero is still zero!!!!!!!!!
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enfranglais
 
Posts: 733
Joined: Oct 2013

Re: RNS General meetimg

Post Sat Feb 02, 2019 11:06 am

I can’t understand all the negativity. The new board are delivering where the old board didn’t. Can only see positives from here. Good luck to all including the doomsayers
Martini069
 
Posts: 80
Joined: Sep 2018

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