.

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.

Also remember with say for eg 250 million shares the sp will be more leveraged like rmp . SP will move up faster on good news also down faster on poor.

hope it doesn't plough down as far as 2.24p but in case it does have a buy order waiting. still need a miracle though as 15.5p to break even.
GLA

Alex

Good luck ra. Answer to my question about the rig from ll -

On the question what happens after Shabeel North to drilling rig

Keith Hill said quite clearly that the rig stays in Somalia no matter what the outcome of first 2 wells reason according to Keith " way too expensive to move out of the country " his quote.

source.
listen to Sweden presentation on YouTube

I suppose a lot of investors will be feeling the pain tomorrow. This is why I don't like gambing on the results of a drill, the share price takes a hit after the first duster, then everyone convinces themselves the second has a better chance of success and provides an opportunity to recoup losses. When that doesn't come in the sp has fallen so much it hardly seems worth selling. Result 50-75% loss of money with little chance of getting it back. I wonder how many of you were in profit at some point and watched it steadily disappear? Looking back Range went from just over 2p to 25p, it ten bagged, not many do more than that in such a short space of time.

chuckles, I know at the end of the day we are all old enough to gamble, but I think the investors were lead on by lets say pie in the sky figures from the 3 boards of directors in this drill did not help one bit.Emails from pl flying about, videos . Way over hyped. ie 75 - 80% chance of being commercial from KH hmmmmm The investor looks at the board of directors and has to trust them ? Also do not know where the figures were dreamt up by the brokers of rrl for future sp value. You could say very misleading ? All helps to draw in the investor.
I spent hours researching this company you could say a waste of time .

dreamcatcher, brokers talk rubbish most of the time with AIM stocks, most of the time they're trying to shift the next stock issue, or at least preparing the ground for same. So called analysts usually have a vested interest so they're not going to talk the Sp down either, paid rampers IMO. The PI will never have the access the big boys have to make an informed decision, so have to manage with whatever info is out there and it's hit and miss if it's enough.

I'm afraid most will have lost out, either lost profits, or actual losses and perhaps even both. Shame really, when at 25p there was money there for the taking.

Fear and greed, powerful emotions in the markets.

Agree chuckles, I hope investors have learnt a lot .

I for one have learned. It was greed, excitement and stupidity, as I was convinced with all the hype it was going places. Did not think this was going to join the rest of my crap. Hey ho it has. What will be will be now, any good news will be welcome.

finished -6.69%. Was 20% down at 1 point and even blue at one stage. With the general market pointing downwards due to Eurozone and still short week and the Putland update, I would expect it to end down more than that today but probably not as low as I originally thought.

As i said earlier lets see where we are at the end of Friday post T&T update ! Has PL been saving some good news for once.

sorry on ASX

I feel the market is saying " That's the bad news out of the way-Lets move on"!

I feel the same and PL has plugged the Trinidad etc. projects at the end of the rns and news out at the end of the week (by promising Peter) so let us see.