Well....Well...... Something DOES NOT gel here..... Old Park Lane Capital has Perpetrated, either deliberately, due to ignorance OR due to Ranger's misinformation supplied to them, An extremely UNPROFESSIONAL FAUX PAS. It Cites its Analysis in a way to Convey a message to existing Investors of CTR (Citation) and RRS (Range) as well as potential investors and the Market In General, that Range Is the Company that either Owns, or At Least Controls this VERY OILIFEROUS (in all Up to 50 Million Barrels Of TOP QUALITY Oil) Area in Guatemala. It Ignores Totally that CTR owns 80% of the Tenements (Through LAR), while RRS only Own 10% directly (through LAR) and indirectly 19%.90 through its stake in CTR..... In fact, it goes as far as to Make AN ILLEGAL STATEMENT, With -potentially- serious consequences.
It states: "This is very good news given that this number matches the previous certified estimate for 2P reserves across the entirety of both blocks in Range’s Guatemalan project"
Audaciouslly, And Against Every Australian Business Law, "Old Park Lane Capital" has Given CTR's Guatemala Tenements to Ranger Resources! This can be Interpreted as A Criminal Act, and MUST IMMEDIATELY BE CORRECTED, First thing Monday Morning, by all Parties Concerned. 1).Old Park Lane Capital MUST OFFICIALLY EXPLAIN Where Did they Get that MISLEADING, WRONG and UNLAWFUL Information, which has Already seen the Light of Publicity with Potentially Serious, Damaging Consequences (is this Part of the Explanation for CTR's Share Price Going Backwards while RRS's Price Has Moved Substantially since the Oil Discovery Announcement by CTR?)for Citation and Its shareholders, US. You and I.
B). Range Resources (RRS) MUST EXPLAIN -With an Official ASX Announcement-, where did Old Park Capital Lane obtain that INNACURATE And HIGHLY DAMAGING INFORMATION (For CTR)Shareholders, especially those who Already sold at lower Prices, affected Adversely by Such Information Regarding CTR's OIL RICH GUATEMALA TENEMENTS.
C). CTR, equally MUST release an ASX Announccement, (Perhaps, EVEN BEFORE THE Capital Raising Information), Distancing and Denying any Knowledge of the Above Old Park Lane Capital Analysis-Reports which, in No Uncertain Terms AND AGAINST ANY LAW, Has Given the Tenements in Guatemala to RRS. In Parallel, CTR's Management (Our Company's Management) MUST DEMAND (The least they can Do...) an Official Apology from both, OPLC and RRS.
Cheers:)))
PS. Now you can see WHY I Was VERY SUSPICIOUS last week, and emphasised the Significance of "WHO" will be getting the Shares in the Current CR, and how Important it is, the 50 million Shares, At the Ridiculously Low Price of 2 Cents, NOT TO END in the Hands of Anyone who is Directly or Indirectly, i.e, NOT to Have Voting Rights that Will be Going RRS's way in case of a Low Ball Take Over bid -anything under 10 cents, cash NOT PAPER, will be UNACCEPTABLE-.
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CTR Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
(20min delay)