.

In finance, volume-weighted average price (VWAP) is the ratio of the value traded to total volume traded over a particular time horizon

Loan facility

The US$15 million loan facility can be drawn down in tranches of US$5 million with a 12 month term and carries a coupon of 10%.

The tranches may be increased to US$10 million after the first tranche is drawn once Range achieves production of 1,500bpd from its Trinidad operations and by mutual agreement with Yorkville Advisors, which manages YA Global Master SPV Ltd.

Range will also issue Yorkville warrants to purchase a number of Range shares equal to 25% of the portion of the loan drawn down.

The warrants will expire after three years and will have a subscription price equal to 125% of the trading price at the time of issuance.

The loan facility and SEDA will provide flexibility over future funding, with the company having the option to service any outstanding loans under the Loan agreement through cash proceeds or issue of shares using the SEDA facility at its discretion.

Use of the SEDA facility is entirely at the discretion of the Company and there are no penalties for not requesting an advance.

Flipping heck DC which University degree have you taken to understand all this????? Only Joking mmmmm!!!!!! You will be surpassing Cynic soon. GL.

lol, by far from clever just reading and learning. Have a good evening 3m.

Statement re Share Trading
PRNW


14 December 2012


The Manager
Company Announcements
Australian Securities Exchange Limited
Level 6, 20 Bridge Street
Sydney NSW 2000


By e-lodgement



Share Trading Update


Range Resources notes the unusual trading activity of its stock in recent weeks
and confirms that it knows of no reason for this trading.

The Company remains focused on delivering shareholder value from its portfolio
of assets and will be providing operational updates over the coming days.






Peter Landau

Executive Director

Pardon the pun but range is not as baffled as some of us!!!!

Range never are 3m. About time this outfit put some news our way ?

Does not look unusual to me red every day

Correct dc red every day so what are they on about - perhaps they needed to say something to let us know they are still operating (at what heaven knows).

perhaps the volume ?

No drawdown( VWAP ) going on all just market related.

Momentarily blue wow! they just made a fibber out of us - mind you in their second update they did state that they will be putting out operational updates in the coming days -can't wait yawn yawn!!

That means after Jan 1 lol.

At least we will be getting operational updates -------Within the coming days?

Does this mean “Monday” will be the start of a very good week?

Stranger things have happened I'm sure!

GLA..........Gerponville18

You are a lot more enthusiastic then me and 3m about this company Gerponville .
I was like you once here, sadly had knock after knock with Range.
Hope for some good news soon.

The ones who averaged down should be okay with any slight good news - we will have to sing the song "Our day will come".

Don't know that one, is that a christmas carol.lol

That is why I invest (The Buzz), enthusiasm yes.

Our CEO has not helped (He is the one enthusiastic); therefore the "Market Men" have manipulated the share to where the SP is today. But, let’s face the facts with this company.......The news we are waiting for;

1 - Revised Fiscals
2 - Texas update
3 - MD248
4 – Trinidad…….BOPD?

Items 1 to 4 will make the SP go northwards.....Well over sold IMO.

GLA………Gerponville18

Lets hope the news does G, in the past we have too often gone South with news.

Has been at its lows for the last 2 Years

I just think it is strange that they have decided to respond today considering it's been going on for a month. Whatever was happening with the large changing of shares and the SP remainng has been completed and they have decided to make some announcements.
Strange tht they said thye would update us at end of Nov, nothing, large shares being bought beating the sells but SP says at 4p or below. Likely a big seller who has finally got rid of his shares and then today rns and updates next week.

The track record has been poor on rns. They have failed to ignite the SP in fact had the opposite.

If PL was confident then why hasn't he bought any shares at these prices. I understand the sensitivity with knowing price sensitivity news but he and other Management have had plenty of time to purchase shares.

I expect his update to be nothing exciting but a tick in the box and oh yeah, TT is our backbone yet again message !

I hope I'm completly wrong but track record.......