.

Makes me laugh we are the investors and we learn last of a huge company change like this. There should of been an RNS today, not much use when we all know now.
This company is not helping itself.

If the company spins Puntland off. Who on earth will invest in it without major questions being answered.
The public investor I would think will be very wary to invest. The institutions
may be the only winners.

One thing for sure the market will be looking for a VERY CLEAR/ PRECISE RNS .
If a foggy RNS is presented and is taken bad would not like to guess the consequences.

Mental institutions the way it is going will be the winners. If this every got anywhere near 12p which I doubt for the forseable future I will be gone, if I haven't left this world before that achievement. Enjoy the rest of the evening - all the worrying, researching or whatever isn't going to make any difference, just another pile of dung to have the burden of.

Have a good evening 3m.

Going to bed soon to rest my old body and brain what is left of it. No sleep in me at the moment, so tired and worn out with the lot. Got my car done and did not have to pay a penny, what a surprise - the two owners never even acknowledged I was there, one quickly absconded on my arrival and the other one pretended to have head down at his desk - the female who told me it was could have been an admin error could/did not look at me in the face. My Sister could not believe how I kept my mouth shut. I won't be going back ever again. Lessons are to be learned every day and gets worse as one gets older. Sleep tight.

Stay clear 3m, good night.

Some investors seem to think we will be given free stock in the Puntland investment ?

PL may of seen (more must of seen )Horn and RMP have seen a huge upturn in their
share price during the first Puntland drill. Range has lost 60% of its value since the drill started. Perhaps a lot of investors jumped ship to better returns at Horn/ RMP.
Also the very poor worded RNS put out did huge damage to the Range sp, with it now not recovering and seems to be in the red most days. Perhaps this has been done to put Range investors on a level field with RMP/HORN as you can only say Puntland has cost Range shareholders dear to date.
There could also be majors sitting on the sideline, will make an easy sale being
separate.

Range Resources chief executive Peter Landau says the spin-off will shift attention to the company’s other assets
What we’ve seen is Trinidad doesn’t get valued because all the punters trade Range on Puntland. So let’s take Puntland out, give (Range investors) the free stock, and have a separate AIM-listed stock,” he said.




http://somalilandpress.com/somalia-range-to-spin-off-puntland-region-assets-29577

I have to laugh at some investors stating '' free shares'' free my a---- with the sp at 6p. I think I have paid for mine.

There is an article of BMD blogg which is free for all to read - the last comments were may be PL has sold us all a pup. Worth having a read if you can but still nothing that we do not already know.

http://brokermandaniel.com/

Range Resources. Peter Landau. Smoke & Mirrors.
Posted on May 31, 2012 by Brokermandaniel
Just what is going on at Range Resources these days? We’ve backed this company for the last few years through the highs of 25p to the lows of 5.65p this year.

I believed what the company were telling us. The fantastic prospects in Somalia, Georgia, Trinidad, USA & more recently Colombia. We checked, researched & checked some more and spoke to all & sundry about the competence of the Board all came out with a clean bill of health, sentiment from within institutions was riding high.

However over the past 12/14 months nagging doubts had begun to surface. At each and every turn Peter Landau has moved the goal-posts. We had the great Georgia oil drill which has now changed emphasis to gas; The great USA asset sale with a promise of a share buy back or a return of funds to investors, it’s apparent that this just isn’t going to happen (which is exactly what we opined to our Members when Range announced it!). That was when we began to urge caution.

Now we have Peter Landau speaking to the Australian press about hiving off Puntland into a total “New” entity. Just what Landau is doing is this. He is deliberately testing the water by floating this idea in the Australian press to see how it pans out for future implementation, it’s the oldest trick in the book of spin “Briefing the press” to see how it goes down with the great unwashed. It is no coincidence that the share-price has been in free fall for the last 2 months or so. Institutions must have known. One more important point on this. How dare Landau brief the Australian press on such an important matter as this? It is market sensitive information whether Range act upon it or not! This shows Landau has a complete disregard for Private Investors. Or is it as some think that Puntland is being hived off because it isn’t going commercial? An infected leg that needs to be amputated in-case it all goes wrong? Come on we want answers. We need immediate clarification on this matter via an RNS now!

The share-price stands at virtually where it was in 2010. Landau has presided over a drop in value that would take a 300%+ rise to get back to where it was in 2011. We have witnessed broken promises and dilution upon dilution, failure in Georgia; Oil to Gas; Deliberate obfuscation on Puntland (which doesn’t bode well for the ultimate result). Double speak on the USA assets along with drops in the value. Who in the name of God has come up with a value of $50/70 million dollars? That’s a 40% difference between top & bottom value! Ridiculous!

All is not going well here at Range Resources Peter Landau (A likeable chap and on the surface a decent human being) may very well have sold us all a pup.

Viva!



Dan

Found it 3m, hmmmmmmmmmmmm I have said a lot of what he is saying,only he is a bit more blunt.

Doesn't help us does it? Don't even think PL will get his finger out despite whatever is said - the Ausssies have never seemed to be fond of this share, go back to the 2AXS enquiries when it all started on the downwards slope, maybe it is me but things weren't right then. Ah! well just hope it doesn't go completely t.ts up like so many others UUGGHHH!!!! now they are saying the weather could me mixed for the weekend, sounds about right.

Far from being comfortable 3m. So many investors want out now. As said before this is not the company we were lead to believe in investing in. The company is in casualty
and fast heading to intensive care. Far from good.

I am too old to even think about standing on the street corner to even begin to earn any money, (so many losses), they would probably ask me for change. Now I am JOKING, just have to sit it out now unless in my case get out and loose half. Then I know what would happen PL would pull an instant rabbit out of which ever hat he would be wearing at the time and up they would go. Don't know what to do for the best and am sure you don't either.

Gibby very quiet yet again!!!

Just got back from a dog walk, while there was a break in the very much looking rain clouds. Perhaps he sold out ? We seem back to square one. Just have to hope the sp goes in the direction of 7,8,9 etc.

Unfortunately needs to be an sp of 11p now for me as I topped up like a fool. That is the name of this unfortunate game, worse than having money in Lloyds Bank years ago. Think it is going to be Gazebos if we need to do anything outside this weekened. Typical. At least we are still breathing!!!!!! With baited breathe I must confess these days.