re: Ann: Information disclosed under ASX List...
soj88
This is from RRS own releases.
Look at the 3B's Sept, Oct , Nov and compare the differences in the 7.1/7.1a's.
The movement of shares from 7.1a that required share holder approval to 7.1 that does not. Looks like those same player will be getting more shares for another loan.
The bottom line is that RRS is near out of money.
Monitor energy(Sage) in 2010 stated TT was producing 700bopd before handing it to Range. Fast forward near 4 years. $52m and millions in exportation, production and Admin. TT is struggling to hold 900bopb which isn't covering costs.
IOP money gone. Shows just $122k in their bank as of last Q. You will never see that money from Timis and Sage. You will end up with some half baked African assets. (imo)
There is near no liquidity here now. In the UK. Old Park lane and their SI's are busy selling their cheap shares and free options. Hit a new low of 1.2p last week.
Given Old Park lane is Ranges broker. Just how close can Texas and RBL be if they are still busy selling?
RRS Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
