Ann: Quarterly Activities Report & Appendix 5B, page-9

You two are a comedy duo...

Production is declining...not increasing.

Range has precious little cash (only about 3.8m after you deduct the 2.8m cash bond that they have in place) and management will keep that cash for working capital (particularly salaries...) which means it won’t get ploughed into Trinidad. 

So the company has declining production and no cash to turn things around. Its market cap is too small to permit any material fund raising or convertible loans. So it’s sterile...

You natter on about Range being cheap and overlooked and a strong buy but that’s nonsense. Range doesn’t have the funds or capacity to increase production, therefore it doesn’t have the ability to announce any good news, therefore there’s nothing left to drive the price upwards.