You are right, PL tried his best to sink Range when he left and his mates that took control after him did also ... it would have been convenient for Range to go under and take with it all the dodgy contracts with it such as the one on pg 24 of the latest report.
Range SH need to get on to the ASIC complaints and report this for a full investigation, its the only way ASIC gets motivated to do anything to have the guys that shafted you held to account.
Pg.24
Guatemala
Range believes that it holds an indirect interest in the hydrocarbons exploration and exploitation contract relating to Block 1-2005 covering the Atzam and Tortugas fields in Guatemala, through its shareholding of between 10-20% in Latin American Resources Ltd (‘‘LAR’’). Despite the contractual arrangements in place, Range has not been able to validly confirm its equity ownership in LAR and does not hold any share certificates or other evidence of a shareholding in LAR. During 2017, Range has continued to engage with LAR with an intention to agree a mutually beneficial arrangement to restructure Range’s interest in LAR and to accelerate production growth. Range has not yet been able to reach an agreement with LAR. Range will continue to seek an acceptable resolution to this investment.
RRS Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
