RRS 0.00% 0.1¢ range resources limited

Hope Nev from the RUM does not mind me posting this on...

  1. 572 Posts.
    Hope Nev from the RUM does not mind me posting this on Hotcopper, as I think it is a very good summary of most shareholders thought on this matter both RRS/RRSO holders, Cheers.

    From Nev, noiprocs on Hotcooper
    Hi Daryl

    I'm as crook as a dog that has overdosed on snail bait here, having
    been restricted to bed all week with the flue. It's a monster variety.
    Either that or I am piss weak! I'm sticking with 'monster' flue at
    this stage, as I haven't had anything like it in 30 years.


    Re: The proposed option 'deal' or whatever has been mooted.


    I really don't have a lot of energy (or money) to buy into the
    argument(s). I still hold options (and shares) and have effectively
    written the options off in my mind. But at the same time I have always
    been hopeful that the company would pull a rabbit or two (or three)
    out of a hat leading up to expiry. It hasn't happened yet.


    If there is such an offer, then I say bring it on. I'm all for it. By
    my reckoning, any which way will do, and the more advantageous to
    holders the better. I am not at all concerned for other shareholders
    most of whom sit very comfortably, (thank you very much), in the
    nominee accounts. Certainly, you don't have to protect them. They are
    used to doing that for themselves. And they will continue to do so at
    every turn.


    The replacement option idea is something that I hadn't thought
    seriously about until it came up this week. I even queried management
    about it in a recent e-mail exchange after talking to you mid week
    about a raft of miscellaneous but pertinent matters. The response was
    along the same lines as yours. Due diligence, consideration to
    shareholders etc etc. thank you for your enquiry!


    Realistically though, your selling of your position was your response
    to the oppie situation as you saw it back then. And your actions were
    necessarily irrespective of the market turmoil and extreme panic
    caused to other holders at that time, myself included. But you didn't
    get any angst from me either then or now. After all, that is the way
    this animal works. It's each to his/her/their own.


    Others have decided to stay put with their holdings in the hope that
    the company would finally deliver on its promises. It hasn't happened
    yet, and of course they are frustrated and using all/any avenues
    available to them. I have no doubt that you would be cheer leading the
    cause in the same situation, and as I have already said, I'm all for
    it, for very good reasons.


    My main problem in all of this Daryl is that the RUM Forum was formed
    to facilitate a respectful information exchange between committed
    holders. (Please correct me if I am wrong on this). Range was and is a
    very compelling story. And right now it is even more compelling than
    ever. Some members still have a heavy weighting in options, and you
    should pay them the respect for being so trusting of the story and the
    company as per the company's announced objectives. They are hurting
    badly and are now attempting to manage their position in difficult
    circumstances, as they feel that they have been let down badly through
    a perceived lack of disclosure. I believe they all want a continuing
    involvement with this story. Who wouldn't?


    Daz, you managed your option holding by selling early. A good call in
    retrospect, and you have done very well in the interim. And you will
    continue to do well irrespective of what happens from here. Please let
    others find their own way out of the current predicament as they see
    fit, by desisting from posts that muddy the waters. The water is
    certainly murky enough already, but I reckon that it is finally
    showing signs of clearing. (then again, it might be an effect of the
    medication I'm on)


    If Africa Oil Corp hits a gusher in Puntland, there will be plenty of
    riches for everyone to share, but it would be a tragedy if the current
    events lead to a split in the very community you have helped to
    create. The camaraderie and information exchange means a great deal to
    many on here. It's not a 'peeing' contest, and we need to be
    respectful of the financial situations of the many fine members who
    have involved themselves on this forum.


    Personally, I reckon you should just chill out and let things be. In
    the BIG picture it won't matter one iota whichever way it goes, and at
    the moment everything is merely conjecture, as there is no option deal
    anyway (well not that I am aware of).


    Now please excuse me while I cough my guts out ....again! (sorry about
    the language ladies/blokes)


    Cheers Daz
    All the best mate, and I really do mean that!
    Grab yourself a chill pill.


    Nev



 
watchlist Created with Sketch. Add RRS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.