Range Resources (RRL.L) tipped by RHPS

Thargor wrote: »

I wouldn't even bother trying to guess, ask Neil what the resistance is like.

Ta, was thinking of dumping a few PCI and getting a few more of these..

yobr wrote: »

Ta, was thinking of dumping a few PCI and getting a few more of these..

Get in quick!!


Range chart is a bit messy but main resistance at 14ish and then 18ish and finally 25. No idea where we'll end up on Spud RNS, remember a lot of it is priced in already, everybodies known for a few days so i'm trying to keep my feet on the ground. But i honestly couldn't care less what it does to the share price over the next few days i'm not trading it, in for the drill results.

Morning RNS for both i'd guess.

Big thanks to all and sundry who put this on my radar. There is a lot to be said for DYOR and some gentle guidance from posters on other forums..... the biggest trick is weeding out the gob_sh*tes. Cant believe this has taken off so quickly, A correction was always on the cards but i didnt expect it to be this quick. it will indeed be interesting to see exactly what is in the RNS and IF it is just the spud announcement, will be glued to the screen to see what the impact is, we usually get an insight with opening figures on the ASX but we are totally blind.

We are also led to believe that we will be drip fed with news over the coming day(s). Mabey Offshore licence, mabey the deep drill in TT, mabey Texas revision, mabey Columbia entry, mabey update on Georgia which is so far off the radar its nearly funny! There is just sooooooo much in the pipleine (sorry) that this could be a HUGE deal, trying to keep myself grounded here lol.

I feel like i kinda cheated as most people have had the trauma of an entry position in the teens and then spiking to 24 only to fall back down again, I can late to the party and have a low entry position and I am loving this

Lads, some feedback on this would be great.

Looking at current prices there seems (on paper anyway) to be a bit of a disconnect with sp increased since yr end.

HRN +5%
RMP +52%
RRL +51%

Now if we look at what Puntland is worth to each company its

HRN 60%, RMP 20%, RRL 20%.
We all know that RRL has a couple of strings to its bow so it is difficult to see what the market in underpinning in the share price for Puntland.
RMP on the other hand has 2 plays, Georgia & Puntland. Up to recently the markets had all but discounted the value of Georgia on the bad news a few months back so parking this to one side we can get a direct comparison to RMP & HRN.

RMP has a fully diluted share cap of 152m shares (147m issued +5m options), this is a fully diluted market cap of £31.6m

HRN is slightly trickier (and i am open to correction here), it has a fully diluted share cap of 125m shares (75m issued +50m options). Looking at this valuation excluding the options it has a market cap of £43m or with options £72m. Now if you value it with options you have to factor in the cash injection of approx £50m.

So my question is HRN a steal owning 60% of RMP for a market cap of £43m compared to RMP's market cap of £32m for 20% of the same real estate or is Georgia worth the difference???? Or is RMP overvalued????

Just looking for an opportunity in the middle of the frenzy which will be tomorrow

Exciting times ahead! So much going on in the next few months its hard to keep track.

Over on RUM the all knowing (:rolleyes:) JR reckons there is another "Masterstroke" happening behind the scenes. He seems to be hinting at more deals being signed. If that works out it would be great!

Can somebody explain why the trading was halted coming up to Spud? Why dont they leave the price do whatever its going to do?

poodles wrote: »

With the two Puntland drills back to back as well as the second Georgia drill all happening at the same time, it wouldn't be a bad gamble to hold 100% until TD of the first PL drill.

If you are banking on Puntland I would suggest HORN is by far the better play, the stock is much less liquid than RMP or RRL but the way both of these are being manipulated/traded it probably isnt such a bad thing especially if you are holding long term

Hope its true but of course its rubbish, its 4 badly translated Somalian websites all quoting the same post from some random on a Somalian version of Boards.ie, could info get any more dodgy? Im pretty sure we were hearing similar rumors from the same sources this time last year claiming it had already spudded.

Is anyone finding RUM basically unreadable these days? Someone makes a serious thread then there's about 2 or 3 sensible posts that you'd want to read then all of a sudden that fcuking unfunny pr1ck FeedthePony is in followed by that Pin00ch twat and a few of their hangers on talking about sh1ting themselves and getting p1ssed and fake insults back and forth and back and forth and laughing at their own jokes and all of a sudden there's 150 posts in the thread and not a single one of them are worth reading. It happens in every single thread now and there's no ignore button on Google Groups, they've completely wrecked the place.

Thargor wrote: »

Hope its true but of course its rubbish, its 4 badly translated Somalian websites all quoting the same post from some random on a Somalian version of Boards.ie, could info get any more dodgy? Im pretty sure we were hearing similar rumors from the same sources this time last year claiming it had already spudded.

Is anyone finding RUM basically unreadable these days? Someone makes a serious thread then there's about 2 or 3 sensible posts that you'd want to read then all of a sudden that fcuking unfunny pr1ck FeedthePony is in followed by that Pin00ch twat and a few of their hangers on talking about sh1ting themselves and getting p1ssed and fake insults back and forth and back and forth and laughing at their own jokes and all of a sudden there's 150 posts in the thread and not a single one of them are worth reading. It happens in every single thread now and there's no ignore button on Google Groups, they've completely wrecked the place.

Exactly. The only thing that tells the truth is the chart, volume this week will tell all. Apart from it being from some random site the fact it surfaced on a friday automatically makes me extremely skeptical. Happens all the time, rumour on a friday, small PIs get all excited over the weekend about how many millions they are going to make because they are one of the lucky ones who are privy to this news before others (how stupid can you be) and just place buy orders at market price for mondays open and the MMs take advantage of that and mark it up. Not to worry though, there is oil there its just a matter of being patient to see how much.

I still read rum once a day but it takes me about 2 minutes to do so, i'll just sweep down threads looking for posts from mega, jr, tf, kev y and westbourne. Won't even read what anyone else has said, there might be some good posts from posters i haven't listed but it's become iii in that you have to thrall through so much sh!te to find anything of substance.

iii have so much cráp posted on it. Much prefer fool.co.uk and some threads on ADVFN..

Some excellent posts on twitter too, if you know where to look.

So what do we think of todays events? At least the SP is moving up again anyway. I think JR is basically confirming at least oil shows and maybe payzone in Puntland which is pretty fcuking exciting it has to be said.

Yahoo shows Range closed at 11.45 but Google finance shows it at 11.25. Why the discrepancy?

Okay I am officially starting to get excited now, I think Puntland might be a discovery based on statements from Jr who I'm still inclined to trust despite the false starts in the past, what do you think?

The 400 meter dip stick with "oil right to the top" comment though? There's nothing happening in Georgia at the moment that would explain a comment like that, same for Trinidad.