Seasoned holder I have been a shareholder for many years and continue to hold a considerable amount of shares. It has saddened me to see my investment shrink from the dizzy heights of 22p to where it is today but at the end of the day I am accountable for putting my money in a share after doing my du-diligence, I am also responsible for leaving my money in, we make our choices Over the last couple of days I have seen very positive news from this share with Shell getting involved and the Indonesia update to restore some faith in my choice. The new team actually seem to know what they are doing and are certainly bringing a level of professionalism and commercial savvy to the party. I know there are some war wounds with RRL for many investors but maybe a buy right now would be considered a good punt, here's hoping fellow shareholders
Re: ASX RNS out Sorry i could not post the link earlier but here it is:[link] ASX currently up 20% on top of yesterdays 66% ,so when do we follow?WTI currently at $65.20 so its stating to look very good here.
ASX RNS out Indonesia operational update This looking better by the day!!!
Re: Good things share consolidation is never good for small investorsa as it just dilutes then gives chance to drip down to poxy levels again... I've lost thousands in similar including RRL over the years
Re: Good things I think that should have been 7.6 billion shares in issue but you get the point.
Good things I held these shares many years ago and sold at a significant loss. I still keep an eye on them for old time sake.Seems good things are happening and the future looks brighter.The management seem a lot more professional.I just wish the spread and the price per share could be addressed. It may not be technically significant but with 759,583,000,000 share in issue (did I get the number of zeros right?) I can't take this share seriously.Personally I'd like at least a 100 to 1 share reconciliation to take place. Maybe even 1000 to 1 or more. Then I might feel like these are worth a flutter again.
Re: ASX RNS out Would like to see more volume on the back of this now.
Re: ASX RNS out Yup. Good news indeed . Uplift from 0.20 to 13p definately under way.Pile in. Buy more. You know it makes sense!
Re: ASX RNS out Yes i agree with you, it's a foot in the door that could open a lot more.
Re: ASX RNS out Just a single well workover, hopefully if RRDSL impress they will secure further work with Shell and attract some new clients.
ASX RNS out The new RIG contract is with Shell. Things keep getting better here.
Re: iii oilman The oilmans comments look good and encouraging.....But the SP does not.You can tell a lot about a company from the SP
Re: iii oilman When he says "return to health" would that imply that every time he said in the past that the company was returning to health it was possible that he was exaggerating? Is it possible that Range offered him some form of benefit or payment to provide such an "upbeat" comment?
iii oilman Looks like the iii oilman is positive about this bunch...[link]
Re: RNS This company is showing an operating loss of $38 a barrel whilst oil is nearing the top end of its price cycle. There is no provision for the payment of interest on the enormous debts.How do they define the words "continue" and "value" ?