RRS range resources limited

ok i agree - this baby is close to launch

  1. ds
    7,131 Posts.
    Looking at todays announcement there was very very good interest from existing shareholders. I didn't expect that.

    The top 20 (admittedly skewed by the AIM holders) is now 55-60% of the company and importantly about a third is held by our offshore friends. As I have said before when they own more than half we will lose control of the SP down here and then they can start taking it stratoshperic with all the comparisons to GKP and DES etc

    I bow to the weight of money that has been provided to Range and given the positive tech picture I have already described I can see the only obstacle is the passing of the resolutions later this month.

    The only opprtunity to buy in volume is now on market and there just hasn't been the offer interest without price movement - it seems the next moves up will be sustained at new higher levels and then we get the price action many have anticipated.

    I'm starting to get that feeling that the performance could be a little surprising - but enough of that bullish talk - someone inject a little reality into this thread before I suffer another bout of slayeritis.
 
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