.

The suspension did not even last a day. I bet that caught a few TRADERS out.

http://www.moneyam.com/action/news/showArticle?id=4292340

That's a lot of shares in issue.


Issue of Shares

Range Resources Ltd (the "Company") is also pleased to announce the issue of
the following securities:

* 18,366,450 Ordinary Fully Paid Shares to be issued in a placement at an
issue price of $0.115 per share as part of underwriting and placing
agreements in relation to the listed options ($0.05, 31 December 2011)

* 20,890,957 Ordinary Fully Paid Shares to be issued upon exercise of
unlisted options ($0.1898, 30 September 2016)

Application will be made for the 39,257,407 new shares to be admitted to
trading on the ASX and AIM. Trading in the new shares is expected to commence
on or around 24 January 2012.

Following the issue of these securities the total number of securities on issue
are as follows:

2,092,495,032 Ordinary Fully Paid Shares (RRS)

855,166 Unlisted Options (£0.04, 30 June 2015)

7,058,824 Unlisted Options (£0.17p, 30 April 2016)

3,177,029 Unlisted Options (A$0.50, 30 June 2012)

20,890,958 Unlisted Options (A$0.1898, 30 September 2016)

15,000,000 Unlisted Options (£0.075p, 15 January 2017)

17,921,146 Class A Performance Shares

17,921,146 Class B Performance Shares

yep thats why currenlty rrl always lags behind rmp sp wise

Bit of profit taking going on with the ttraders at moment. Waiting for it to settle then Ill have some more.

Save some for gibby. :-)

http://www.stockopedia.co.uk/content/fox-davies-capital-update-featuring-african-eagle-resources-firestone-diamonds-goldplat-hambledon-mining-orosur-mining-afren-range-resources-san-leon-energy-london-mining-noricum-gold-63332/

rrl shares - thanks for thinking of me dc :-)))

profit taking seems to be slowing now

There will be an rns with your holdings soon gibby. :-)

Looks like management got the tactics a little screwed for a while with the trading halt and then back so fast. A bit like our cricket team this morning 60 odd for 5.

Suspect we will get a recovery tho.

..........both.

For what its worth - Panmure Gordon have reiterated their TP of 13.80p

I bet they are at the sale this morning

Fox Davies Capital note:
Range Resources (LON:RRL) (BUY, 27p) together with its joint venture partners, Horn Petroleum Corporation (TSX: HRN) and Red Emperor Resources (LON: RMP), today announced the spudding of the Shabeel-1 well on the Dharoor Block in Puntland, Somalia. Horn Petroleum, the well operator, is currently preparing to drill ahead to a total planned maximum depth of 3,800 metres. Drilling operations have also commenced on the Shabeel North-1 well with the setting of the 30 inch surface casing and the drilling of a 50 meter pilot hole. The Sakson 501 rig will be used to drill both wells which are expected to take approximately 90 days each for drilling and evaluation. These two wells satisfy the first exploration period minimum work obligations of the Production Sharing Contracts for both the Dharoor and Nugaal Blocks. They are the first oil exploration wells to be drilled in over 20 years in the country.
The Shabeel and Shabeel North prospects are located on a Jurassic aged rift system which is part of the same system that has proven to be highly productive in the Masila and Shabwa Basins in Yemen that contain an estimated 6 billion barrels of oil. Both prospects are very large fault block prospects with internal estimates of Prospective Resources of over 300 million barrels of oil (mean 100% basis), with Range’s 20% attributable interest being over 60 million barrels. Source rocks are expected to be rich Jurassic Kimmeridgian shales in the deep portion of the rift immediately down dip from the Shabeel prospects. Reservoirs are expected to be sandstones and carbonates of the Lower Cretaceous and Jurassic systems analogous to Yemen.
Online news service — http://allpuntland.com/

Range and Red Emperor lower despite "monumental" spudding

broker Panmure Gordon said the longer-term exploration upside of Range’s portfolio is illustrated by the un-risked NAV of 92p/share attributed to its interests in the Herrera Formation in Caribbean and the wider Georgian and Puntland acreage.



http://www.proactiveinvestors.co.uk/companies/news/37893

Early Bath (auction) -20.8%.

Not surprised. Huge volume of +114m traded so far.

Should have traded at 13p.......oh well.,.

unlucky baler - but it will be back

reckon many moved to mchl, ldp and a few others temporarily

gla