By Ben Turney | Thursday 15 May 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
What better way to shut up a pair of loud mouth agitators than to announce a $12million funding package? And at a 49% premium to the previous close no less! The headlines are certainly impressive enough that even the travelling clown parade employed at Buchanan couldn’t anti-spin these into another PR disaster for the company. Even so, the underlying numbers do require closer examination. The muted market reaction confirms that all is still not entirely well aboard the good ship Range (RRL), but at least it looks like she isn’t going to sink. Yet.
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