Range Resources (RRL.L) tipped by RHPS

AP_MAN

neil.p.b wrote: »

See above. This might drop a bit further to circa 14.6 but i'm not taking that chance, just sold another holding to buy 20k more shares here.

same here... sold another holding and brought 42k just now..

Grecco

My charts are telling me this share has a bit further to fall
I`ll tough it out and wait and see will it drop more:D

poodles

I think you might miss a rise (don't know how much) from an update tomorrow.

neil.p.b

Poodles i think i remember you posting on iii about getting l2? Who'd you go with and how are finding it? Been wanting to make the jump up for a while now

poodles

neil.p.b wrote: »

Poodles i think i remember you posting on iii about getting l2? Who'd you go with and how are finding it? Been wanting to make the jump up for a while now

I went with www.moneyam.com

I just wanted to get a look at what the fuss was all about so got it for one month. I think it cost about €25.

It's really only useful if your going to be trading on a regular basis.
It will give you a good idea as to where the share price is going to go in the very short term so it can be useful for timing entry and exit points.

neil.p.b

Thanks. Yeah i've been trading a bit lately and so far so good but i feel a bit blind folded without l2 and getting tired having to ask others!! I've heard about qoutestream from a few people and it just happens to be what iii use/offer as there l2 service, it's £20 a month so i was going to go with that. I'll have a look an moneyam first though. Thanks again.

poodles

No update but a nice rebound back towards 18p now.

Interesting piece from Mining Maven..
http://www.miningmaven.com/k2/companies/range-resources/range-resources-value-proposition-peter-landau/

Grecco

I missed a chance there, ah well same old story for me...:(

Man From Delmonte

Having been following this thread for a long time now I bought in yesterday at 16, doing well today!

As I'm new to the stock market I'd nearly get out now and take my money and be happy.....but looks like theres more of this in the long term...

Thanks to everyone here who has posted about RRL so far.

xertpo

In for a penny, in for a pound. Topped up at .16 yesterday, but I'll be top-slicing to release some funds back as soon as the opportunity arises.

I really hope I haven't been swayed too much by JR's optimism.

I'm not looking at the share price for the next week.

cooperguy

I scraped together funds today and topped up at 17p. I feel that the price wont be around this for long more with so much news to come and when the recent news sinks in. All I have to do now is try be patient!

xertpo

From Friday's FT. This was posted on RUM also.

http://www.ft.com/intl/cms/s/0/644c8756-8244-11e0-961e-00144feabdc0.html#axzz1NBKUA0km

xertpo

If you enter the title of the article into google, then you can access it without registering.

"Oil groups go to the ends of the earth‎"

Thargor

Man these prices are bullcrap, if I had a cent to spare at the minute Id be piling it 50:50 into RRL and RMP.

AMC up 18% today though

neil.p.b

Thargor wrote: »

Man these prices are bullcrap, if I had a cent to spare at the minute Id be piling it 50:50 into RRL and RMP.

AMC up 18% today though

Ditto, beginning to look down the side of the sofa at this stage! I still think this downtrend should bottom out in the next few days before starting to turn. Pretty glad we've had no news from PL and i think that was just him being patient and good management, any gains would have just gotten eaten away in this sh!tstorm. Hopefully TT completion news end of this week/start of next to get back into the 20s with Georgia spud/Puntland mobilisation breaking the 24 resistance next month.

Yeah i had a look at AMC after your thread on them. Looks like a good time and price to get in at, getting that license completed should see them well into the twenties. Unfortunately i've no funds, ah well can't be in them all i suppose. Hope they work out for you. Have a look at BMR if you're searching for another miner. I'll try do a write up this week if i get time.

colsku

neil.p.b wrote: »

....any gains would have just gotten eaten away in this sh!tstorm.

This ****storm is gonna last a very long time. Buckle up!

Nothing against RRL, just equities in general!

Thargor

I think so too, Iceland just started erupting to cap it all off too.

neil.p.b

colsku wrote: »

This ****storm is gonna last a very long time. Buckle up!

Nothing against RRL, just equities in general!

Thargor wrote: »

I think so too, Iceland just started erupting to cap it all off too.

I was directing my 'expected bounce' towards AIM, and especially oilers and miners who've been some of the hardest hit. Here's hoping anyway.

If you guys think the fall over the last month is going to continue are you not considering selling some of your holdings?

Thargor

Im waiting on major RNS's any day in all my holdings, not a trader anyway, I probably wont sell anything in 2011.

cooperguy

Thargor wrote: »

Man these prices are bullcrap, if I had a cent to spare at the minute Id be piling it 50:50 into RRL and RMP.

AMC up 18% today though

Tell me about it! I hoping for a day (soon!) where both RRL and XEL make a jump. Ill be a happy man then!

neil.p.b wrote:

If you guys think the fall over the last month is going to continue are you not considering selling some of your holdings?

Nope. If you have confidence in the underlying value then there is no reason to sell. The share price will reflect the value of the company eventually!

Grecco

Back on the radar again SP down in the mid 15s, I see an opportunity here:D

poodles

What would be your exit point?

If it's medium to long term then it won't make much of a difference if you buy in at 14p or 15p when the SP is at 50p...

Grecco

20-22p exit,
I exited last time at 19.5p which was a bit too early it went up to nearly 24p at one stage. I have a different strategy to you, I like to scalp profits. Currently the price is hitting resistance at the 15p mark so it seems a good entry point.
true that theres lots of positives in the next weeks and months ahead but don't expect a smooth ride to 50p which means lots of opportunities for me:D
just fell through the 15p mark, it looks like its gonna end up around 14.25 today

Thargor

Pretty brutal few days, or fortnight even, a lot of hysterical kids on iii and RUM these days aswell, Im still not worried except maybe wishing I had a bit more in RMP seeing as there's talk of them listing at 50p soon, it'll all turn out well in a month or 2 though.

xertpo

http://www.asx.com.au/asxpdf/20110527/pdf/41yx4sxl6gqrq3.pdf

neil.p.b

From AOI Financial and Operating Results Today. Still on track for Puntland:

The Company continued to actively explore in East Africa:

In Block 10BB, the Company, together with its partners, is currently in the process of undertaking Full Tensor Gravity (“FTG”) surveys and finalizing the prospect and lead inventory on Block 10BB. Drilling is scheduled to commence in the third quarter of 2011.

In Block 10A, the Company, together with its partners, has completed recording approximately 800km (gross) of 2D seismic. Seismic data acquired is currently being processed. The Company expects to drill a well on this block in the fourth quarter of 2011.

In Puntland, the Company has recently signed a letter of intent with a drilling contractor and plans to spud the first well in the Dharoor Block during the third quarter of 2011. A second well in the Dharoor Block is planned to commence following completion of the first exploration well.

Edit:

Also from a previous AOI update, the rig they're using in Puntland is subsequently being used for their drilling with Tullow in Kenya. I don't think they'll want to mess around Tullow with delays. Looking good!

Jayminato

Thargor wrote: »

Pretty brutal few days, or fortnight even, a lot of hysterical kids on iii and RUM these days aswell, Im still not worried except maybe wishing I had a bit more in RMP seeing as there's talk of them listing at 50p soon, it'll all turn out well in a month or 2 though.

Thargor if ya currently hold RMP @ below 50p are u saying that if it lists @ 50 then your current holding should go to 50p. Sorry if it sounds a silly question.

cheers

Thargor

neil.p.b wrote: »

Also from a previous AOI update, the rig they're using in Puntland is subsequently being used for their drilling with Tullow in Kenya. I don't think they'll want to mess around Tullow with delays. Looking good!

Yeah I got a very good feeling when I heard that aswell, its a great sign.

Jayminato wrote: »

Thargor if ya currently hold RMP @ below 50p are u saying that if it lists @ 50 then your current holding should go to 50p. Sorry if it sounds a silly question.

cheers

Not sure what you meant there Jay? I hold RMP at the only price its currently possible to hold them, ie their current price on the ASX in Oz, which is 35 Australian cent, I paid 33 cent for them a few weeks ago. They're dual listing on the AIM in London soon, that will be in UK£, and I read somewhere, I think it was in those unsecured documents someone found on the RMP website, that the listing in London is expected to be at 50p per share, anything could happen after that though, market forces could drive it up or down like any other share, but if it holds at 50p and it should because its wildly undervalued at the minute and there should be a lot of news and publicity at that time then the price in Australia should match it the way shares in other dual-listed companies like RRL tend to follow each other very closely on both exchanges.

xertpo

I just wanted to get this back to the front page. Up 5% today.

Thargor

Make that 9.23%, we'll be laughing at these amounts soon the way its all about to kick off. Very interesting few months ahead of us, sorry to sound like the bland rampers on iii but this time its true