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19 April 2011


TRADING HALT


Range Resources Ltd ("Range" or the "Company") wishes to advise that its shares
have been placed in a trading halt on the Australian Securities Exchange
pending the release of an announcement regarding a significant acquisition and
associated share placement. This announcement will be made as soon as details
are finalised. Range shares will continue to trade on the AIM market during
this period.

Can someone explain "Trading halt" but "Range shares will continue to trade on the AIM market during this period." please.

Basically suspended on the Australian borse - business as usual here!

thanks skinny.

Good news I think.

"and associated share placement"
I am exercising caution here, there could be a hefty dilution ahead so I am waiting for the announcement.

Does anybody know what the share price has been in Aus? Starting to get cold feet!!! The old old story, if I get out then they will go up.

Difficult to guess.....depends on what the company have bought, together with how many shares issued....the good thing is that this company has so many positives going for it so the market might just price the sp up by one or two pennies on the announcement....there is also the Georgian well program which is getting closer to spudding which should provide an extra stimulus...

RRS on the ASX were at 33.5C when trading stopped.
http://www.asx.com.au/asxpdf/20110419/pdf/41y46d40pq7ybk.pdf

The water needs to be a bit warmer than that for my liking......you get goose pimples otherwise...

Slipping back a little now......but should rebound.....might be news from Trinidad at long last ....

I may be totally wrong but from reading other comments on the other side I understand AU stock exchange rules state there must be a trading halt prior to an announcement which is something we could do with over here imo. The placing is rumoured to be at 17p decided when the sp was about 18p so a fair price at the time. It is hopefully going to be used to increase the stake in the Trinidad oil which is already producing. those faithful followers are seeing this as all good news---I of course hope it is too.

on another subject I've received an email scam trying to get money rather than just delete it I think I should report it--does anyone know who should deal with it? thanks.

Try here.

Try trading standards.

Back to range arn't rrl talking about making Trinidad a separate entity or have I dream't it?

Thanks skinny.

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didn't do much to inspire the market did it

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i see no news today!