.

tomorrow is going to be a MM dream, price will drop, sellers will come in but the worse thing is that PL has created an environment where punters are just happy to make a quick 10% trade day profit/ It will be probaly 3-4 weeks before there maybe some stgeady upward tick ! Gona have to ride it out and see where we are at the end of the week after what we hope will be an RNS on the other programme

Agree pumben. Just read the Horn rns again. Horn state Nugaal is drill ready. Just wonder if there will be talks with the government to speed things up and get drilling there. Going to be to expensive leaving an idle drill there/ crews or to pack it up and ship it out of the country and then back when its needed. Just wonder if the drill tip will hit the ground this side of christmas.
Read Horn willl be short of cash but Africa oil own 60% of Horn so they should not be short of cash.

Lets hope Range fall nothing like Horn. Investors will sell at 8am tomorrow and so will
investors buy who need to average down (A lot of them). Also TT news due on the deeper spuds will draw investors.

I agree but this is where MM thrive and nervous sellers will dump. Really depends how much of Putland has been factgored in, we all know this has just been falling over the long period because of putland. The question is how much is left in the SP based on what we already knew before the announcement today !

Agree. Ideal time as well for Range to have off loaded Texas (Thats where the cash will come for future Puntland drills.) Also at the moment not much point in range segregating puntland into a separate company.Perhaps the buy back will still happen.
The share consolidation will perhaps still go ahead. Need one good rns with good detail.

Please don't use that dirty word "Share Consolidation" had nothing but heartache ache with almost every condolidation, I am just praying for good news else where, just like all of us long (maybe stupid holders). Surely not many more can sell without loosing a huge chunk.

I for one was surprised to get news today from Horn. Just wonder how many investors will go off to work tomorrow after the Bank Holiday and get home after work to see their stops triggered and shares sold.

I think the consolidation will have to take place now. We have 2.5 billion shares at the moment riding on TT. If Range do lets say a 20 for 1 to give us depending if the sp
was 3p - 4p at the time a future sp of 60 pence to 80 pence.
Only my view.

Heaven knows but it is sad. Wish we had triggered a stop when the going was good. Too late to wish as we have said before.

Yep 3m.

20 to 1 not good odds for us who are in the double figure bracket, not too bad for those in at 3-4p I would say. I told you what happened to my LDP, they consolidated and I now have to wait for them to get to nearly 50p and they are a fraction of a penny now. That is only one I need to mention. Bad news these consolidations and no one will convince me otherwise, sorry.

Agree 3m I'm not for it. The sp shall we say is in such a hole now. If not done how is the sp ever going to move with shorters/day traders jumping out and in and the fact there are 2.5 billion. A 20 for 1 will give us I think 125 million shares.
As long as the company mop up spare shares as investors sell at first (PL said the company intends to do so)
At the end of the day you will have say one share valued at say 60 pence, when before you had 20 shares to make the 60 pence. Cannot see it makes any difference.

In my only view if done for the right reason its a good idea. Done for the wrong ie to carry on raising money in share placements, then the company will face a hard crash landing.

No! we will be the ones facing the hard crash landing. Can't work out your logic about "when before if we had 20 shares to make 60 pence". If one gave 12p per share then 20 x 12 = 240p. Or shall I go and rest the old brain?

if RRL consolidate and it seems they will, the share price will be a shorter's paradise if Trindidad doesn't deliver the goods on time. How much have they spent on the punt in puntland?

just for eg, Say The share consolidation takes place when the sp is 3 pence at 20 for 1. Again as said before you will have 1 share valued at 60 pence that in the past was
20 shares at 3 pence to make the 60 pence.
My way of thinking is that the company will pay you what the sp is on the day of consolidation. Certainly not going to pay investors their short falls if say purchased at 24p. :-))
So im thinking your 20 x 12 pence paid = £2.40

Range say give you 20 for 1 (at say 3p) = £0.60

On the days sp value your 20 range shares you purchased at £2.40 has fallen to be worth 60 pence.

So the one share you are given from range for 20 of yours has got to climb in value to
£2.40 for you to break even before a profit. To me its no different having the 20 or the new 1.
Its a bit like having say one share in M & S at £35 0r 10 at £3.50 no difference.

I would think the budget has gone for six in puntland chuckles. Range must have an invoice on the way for the over run.

TT had better deliver then, Pl knows this otherwise he is a complete joker. Again as said before if done for the right reasons which includes keeping the company in order
ie time schedules. Range should not hit a problem.

A shorters paradise indeed, so the only thing to do is for the ones with any money is to buy at these prices to get their spread down in anticipation of a 60p share consolitation, eventually, and stuff the poor buggers who have no spare cash, so they have to sit and wait for years before they can get out, (if ever) unless willing to loose a great deal of course. If it can't get to 10p anyore then how the hell is it going to get to £2.40 (quadruple) in the forseable future. Only my opinion for what it is worth.

I wont be buying tomorrow on PL promises for TT . The market will look for TT to perform to the rns's put out and updates otherwise yes rrl will be punished.
They had better start with rig 8 spudding this deeper drill in an rns.