RRS range resources limited

There must be something seriously going right or about to happen...

  1. ds
    7,131 Posts.
    There must be something seriously going right or about to happen cause I can remember a time before where Range could so easily pass the hat around for $10m and get the cash without having to offer free options or some sort of inducement. I will reserve final judgement this time around till mid July as we could easily see the dump come after the new share list June 22nd but it seems this was an easy capital raise and we might see the same collection of buyers coming in on market to 'encourage' the mark to market of their new holdings.

    There are very few sellers interested at these prices without the supply of new shares and at least that will be over now for the next 6 months or so and depending how things go the options might start kicking in next year. At the discount they trade at it would not surprise me to see early excercising in order to take advantage of the higher SP (assuming we keep going up).
 
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