Keyword results: RRL

Bearcast
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Tom Winnifrith Bearcast: Commissioning Wardell Armstrong to do a report on me for Cheryl Cole on the size of my assets

I start by discussing Eurasia Mining (EUA), its CPR on its nickel assets and Range Resources (RRL) and a similar exercise undertaken by Pirate Pete Landau. Then I look at Omega Diagnostics (ODX), at the piece I penned earlier inspired by Luke Johnson, HERE, and finally at Sensyne (SENS) and what happens next.

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Bearcast
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Tom Winnifrith Bearcast: maybe it really is time to call it a day

In today's extra long podcast I reflect that one day folks like Julie Meyer will win and I shall call it a day. I have lasted two years longer than John Hempton predicted. I also look back on a curious fraud from my early days back in, I think, 1995.  I look at Tomco (TOM), Range Resources (RRL), RedT (RED), Columbus Energy (CERP) and VSA valuations, Goldstone Resources (GRL), Verseon (VERS) and Domino's Pizza (DOM). If you enjoyed this, I think, profanity free bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.

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Bearcast
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Tom Winnifrith Bearcast: Two cracking shorts for 2019 from Shy Bear

I am shortly off to stay with my mother in law in the Grim North for a couple of days. Joy to the world! I am made angry by Wishbone Gold (WSBN) and Turner Pope and comment on that. I look also at Totally (TLY), Range Resources (RRL), AO World (AO.), Pantheon Resources (PANR), Plant Health Care (PHC), BCA Marketplace (BCA) and ASOS (ASC).

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Bearcast
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Tom Winnifrith Bearcast - get your wallet out to see Brokerman Dan in his undies and...Vin is back!

Thank you, thank you. we have reached our £20,000 target for Woodlarks. In fact Luke Johnson has just pledged £1,000 so we are now well over £21,000 but if we reach £25,000 Brokerman Dan will undress for you. More on that in the podcast but please donate, if you have not already, HERE. Elsewhere I look at Facebook (FB) and Robber Barons of the nineteenth century, at Imaginatik (IMTK) and Vin Murria, the Queen of Tech, at Range Resources (RRL) and at RM2 (RM") a Neil Woodford dog where I reckon cash is already looking tight, again!

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RRL
RRL

Why I would still avoid Range Resources

Those who have been around the AIM market for a while will probably remember a company called Range Resources (RRL), and its infamous CEO Peter Landau.

RRL
RRL

Christmas Comes Early - Pirate Pete Landau of Range infamy in Court again

As he only visits those boys and girls who have been good this year I guess that Santa will once again feel no need to drop in on the Landau household, headed up by Pirate Pete of Range Resources (RRL) and many other companies, infamy. But for the rest of us there is an early present with news that the Pirate is in Court again. Happy days.

Bearcast

Tom Winnifrith Bearcast - joke valuations at Sound Energy & MySQUAR

If you are listening to bearcast today you must have subscribed to Shareprophets so I thank you. I start with management who are cleary wronguns at Real Good Foods (RGD) which is a disgrace and at Papillion (PPHP) which is far worse - hat tip Cynical Bear HERE. I look at Interserve (IRV). Its shares are slumping on a profits alert but the real horrors are the lies in the August 9 results statement. Still valued at £124 million this could halve again look at debt! Then it is onto MySquar (MYSQ) a good bet for a zero, and finally a trio of oilies, Range Resources (RRL) - its au revoir not goodbye - Pantheon (PANR) dreary and overvalued by a reasonable amount and Sound Energy (SOU) where the valuation is a 100% rum and coke.

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RRL
RRL

Did Pirate Pete Landau use Range Resources cash to pay off other debts of his?

A major shareholder in Range Resources (RRL) who was , in the good old days, a major ramper of the stock on Aussie chatrooms has made some quite extraordinary claims about how Pirate Pete Landau appeared to use Range cash to pay off other debts he had racked up. This was posted on an Aussie chatroom on behalf of David Scanlen the victim here. My source verifies that these claims are genuine. If true. they are extraordinary and beg questions aboout how Range's current management appear not to be making claims against the Pirate - who is clearly in deep trouble already. The post follows:

RRL
RRL

The Pirate Pete Landau Gang – now another two members in court

Oh dear. Oh dear. It gets worse and worse for Pirate Pete Landau, formerly boss of a range of AIM dogs including Range Resources (RRL), all of which he fleeced via is Okap Ventures vehicle. At the weekend I served up a document showing that the Pirate stands accused of forgery, fraud and half inching A$2 million. But other members of his gang appear also to be in a spot of bother. Step forward Jane Rosemary Flegg who was company secretary to most, if not all, of the Landau stable of shite companies.

RRL
RRL

Pete Landau accused of A$2m+ theft fraud & forgery: Part 1, The Pirate

Oh dear the curse of ShareProphets today falls on Pirate Pete Landau, formerly boss of AIM dog Range Resources (RRL) and several other stockmarket hounds and a man who sent me a string of lawyer's letters because he did not like my investigative journalism. I now have an official document where the Pirate stands accused of theft, fraud and forgery, of half inching more than $2 million and much else. The victim is Citation Resources, an ASX company linked to Range and now in administration.

Bearcast

Tom Winnifrith Bearcast: A Smorgasbord of Cr*p AIM investments & 1 I like

A wide ranging bearcast today covers: Aurum Mining (AUR), Range Resources (RRL), SpaceandPeople (SAL), Harvest Minerals (HMI), Rosslyn Data (RDT), Cloudtag (CTAG) in the post fact era - Adrican Potash (AFPO) and Avanti Communications (AVN). 

Bearcast

Tom Winnifrith Bearcast 18 January - I loathe BT, it is ffing useless

I warn you that this podcast contains bad language from the start as I discuss how - as a customer - I hate BT (BT.A) with a passion. I then move onto China Norfolk Taihua (TAIH), a brief Jabba the Hutt section on Solo Oil (SOLO) and LGO Energy (LGO) and a look at SeaEnergy (SEA). Oil disasters dominate the fallers and in that vein I cover Petroceltic (PCI), MX Oil (MXO), Iofina (IOF), Magnolia Petroleum (MAGP), Bahamas Petroleum (BPC) and Range Resources (RRL). I also have a butchers at the fun and games at Altona (ANR).

RRL
RRL

Pirate Peter Landau New Year Caption Contest

One of the happiest moments of my Christmas was learning that Aussie scumbag Peter Landau of Range Resources (RRL), Continental Coal (COOL), Black Mountain Silver (BMZ) and Okap infamy has had his assets frozen by an Aussie Court. As Wildes would say...Karma.To celebrate the fall of Pirate Pete, I invite you to post a suitable caption for the picture below in the comments section. Please do not hold back.. Deadline Monday morning

RRL
RRL

Happy Christmas - Peter Landau of Range Resources infamy has assets frozen in Australia

Oh happy days, oh happy days. This may be a small crumb of comfort for investors in Range Resources (RRL) or Black Mountain Silver (BMZ) but Pirate Pete Landau has had his assets frozen in Australia by the Federal Court in Perth. As I remind myself of the numerous lawyers letters I received for exposing Range and our great work on exposing Black Mountain I feel it is almost ouzo o'clock already.

88E
88E

Does AIM make thieves of us all?

I’ve had an interesting discussion with our stalwart reader Wildrides on my recent 88 Energy piece (88E). Cut a long story short Wildrides has made a number of comments on pieces I’ve written pointing out the obvious flaws in the businesses I’ve covered. Wildrides and I swap the odd email, so I do know his real name. He is an experienced investor and someone whose opinion I respect, but our recent exchange has left me wondering; does AIM make thieves of us all?

RRL
RRL

Range Resources; yet another embarrassment over the Lind default

News has just crossed the wires to remind us how abysmally “New Old” Range Resources’ (RRL) board of directors handled the transition after last November’s Abraham coup. The Western Australian Supreme Court has dismissed Range’s appeal to reverse the judgement made against it in paying the balance of the money it owes to Lind Asset Management. Range remains on the hook for at least $2.2million. Those Rangeologists that still exist might shrug their shoulders and say what after this summer’s Chinese refinancing of the company, but anyone considering buying this stock needs a timely reminder what they are getting themselves into.

Bearcast

Tom Winnifrith Bearcast 5 November - sticking it to the bastards at Canaccord

On Guy Fawkes night I reflect on the horrors of this day. Then news from ECR Minerals (ECR) and W Resources (WRES) prompts me to look at the mining sector in general. Then it is onto Amec Foster Wheeler (AMFW) and my thoughts on oil, oil shares, the oil price and oil services companies. Then to the dismal numbers from Canaccord Genuity (CF.) - what it says about the whole sector but also its company specific issues. Finally I take a swipe at Range Resurces (RRL)

Bearcast

Tom Winnifrith Bearcast 5 October - Suspension is never good & a cheap joke

A visit to the quack today was not good news but at least the woes of English rugby and LGO Energy (LGO) are there to cheer me up. in this podcast I discuss Alexander Mining (AXM), Cloudbuy (CBUY), the hoods at Equities First Holdings LLC (EFH), Daniel Stewart (DAN), Imaginatik (IMTK), Wandisco (WAND), Mirada (MIRA), Range Resources (RRL), tech stocks vs mining stocks, Amanda Van Dyke and, to end, I can't resist a cheap joke about the rugby.

RRL
RRL

Zak Mir's Bulletin Board Heroes - Gulf Keystone, Kibo Mining, Pathfinder Minerals, Range Resources, Reach4Entertainment, Trinity Exploration

Featuring shares of Gulf Keystone (GKP), Kibo Mining (KIBO), Pathfinder Minerals (PFP), Range Resources (RRL), Reach4Entertainment (R4E), Trinity Exploration (TRIN), together with some share price targets.

QPP
QPP

Zak Mir's Bulletin Board Heroes - AFC Energy, Advanced Oncotherapy, Audioboom, Quindell, Range Resources

Featuring shares of AFC Energy (AFC), Advanced Oncotherapy (AVO), Audioboom (BOOM), Quindell (QPP), Range Resources (RRL), together with some share price targets.

BMZ
BMZ

Pete “The Pirate” Landau and the incredible quest for $1billion worth of war gold, lost to German U-boats

Of all the escapades we’ve covered over the years from Pete “The Pirate” Landau, his latest caper with Australian-listed Black Mountain Resources (BMZ) is off the scale on the guff-ometer. Pirate Pete and his motley Black Mountain crew claim to have secured the right to a 20% stake in an undersea salvage operation to recover a supposed >$1billion worth of gold from two wrecks, torpedoed during the First World War. Regular readers will not be stunned to learn that Landau now plans to raise AU$6.87million in pursuit of this fool’s errand.

TEA
TEA

Zak Mir's Bulletin Board Heroes - Amur Minerals, Clean Air Power, IGas Energy, Range Resources, Teathers Financial, Tern

Featuring a look at the shares of Amur Minerals (AMC), Clean Air Power (CAP), IGas Energy (IGAS), Range Resources (RRL), Teathers Financial (TEA) and Tern (TERN), with share price targets for each.

RRL
RRL

Zak Mir's Great Request Show: Frontera Resources, Range Resources, Servicepower Technologies.

If you want me to analyse shares in a company listed in London for you just drop me a line at sqmir@hotmail.com - Today I look at Frontera Resources (FRR), Range Resources (RRL), Servicepower Technologies (SVR).

RRL
RRL

Range Resources: yet more abysmal reporting, this time involving $5million furtively paid to Lind

The disclosure standards at Range Resources (RRL) are truly abysmal. As a mere blogger (certainly not a financial journalist!), this is clear to me. Under previous CEO, Rory Scott Russell, it looked like the company was turning the corner and adopting a more candid approach towards investor relations. Then came last November’s coup and the rise to prominence of Peter Landau’s close business associate, David Chen. All progress was immediately abandoned and old Range was back. Buried in today’s quarterly report there is a crucial bit of information, not previously announced. Range has voluntarily paid Lind $5million.

CON
CON

Zak Mir's Bulletin Board Heroes - Ascent Resources, Connemara Mining, Cloudtag, Gfinity, Range Resources, Regency Mines

Featuring Ascent Resources (AST), Connemara Mining (CON), Cloudtag (CTAG), Gfinity (GFIN), Range Resources (RRL), Regency Mines (RGM)

RRL
RRL

Range Resources: Puntland turns to dust, royalties leave little left to play for

After eight years, tens of millions of dollars spent, the building of an “airport”, a failed two well drill campaign, an oil to water controversy, an absurd contemplated plan to drill in pirate infested waters and one of the most hyped stock promotions in recent years Range Resources (RRL) has announced this morning that it is pulling out of Puntland. Shareholders are left with nothing, other than a greatly overvalued stock price.

DAN
DAN

Zak Mir's Bulletin Board Heroes - Featuring Daniel Stewart, Europa Oil & Gas, Lekoil, Range Resources, Red Emperor

Featuring Daniel Stewart (DAN), Europa Oil & Gas (EOG), Lekoil (LEK), Range Resources (RRL), Red Emperor (RMP)

BCN
BCN

Zak Mir's Bulletin Board Heroes - Featuring Bacanora Minerals, Metal Tiger, North River Resources, Rare Earth Minerals, Red Emperor, Range Resources

Featuring Bacanora Minerals (BCN), Metal Tiger (MTR), North River Resources (NRRP), Rare Earth Minerals (REM), Red Emperor (RMP), Range Resources (RRL)

RRL
RRL

Range Resources – back from the dead?

This morning, Range Resources (RRL) returned from its self-imposed six-month suspension. As of writing, the stock is up 70.7% at 0.96p. After the issue of 650million shares to Sibo, for the £5.2million lifeline announced last week, Range will have 5.77billion shares. This values the company at an eye watering £53million and leaves only one question. Has the market lost its mind?

RRL
RRL

Range Resources - Enough is enough

Last October, Peter Landau’s disastrous Continental Coal (COOL) announced the cancellation of its admission to AIM, after its shares had been suspended for six months. On April 28th, Range Resources (RRL) announced (to the shock of everyone, I am sure) that Core Capital Management would not be able to complete its $60million funding package, by the end of that month. Range granted Core an extension until today. We’ve just been told that Core has failed to meet that deadline and the funding deal is off.  Worse still, Range has been suspended for just over five months, meaning it is one month away from an automatic delisting.

MXP
MXP

Max Petroleum; all too predictable catastrophic failure.

How much longer will the London Stock Exchange and Financial Conduct Authority throw British private investors to foreign wolves? Yesterday, the latest Kazakh wipeout hit the market, as Max Petroleum (MXP) all too predictably blew up, taking with it tens of millions of pounds worth of savings. This company should have been suspended months ago. Instead it was allowed to continue to trade, sacrificing the savings of one last batch of mug punters, sucked into the false promise of salvation.

RRL
RRL

Range Resources – Deliberate default by directors traps shareholders

How many more appalling RNS announcements can New Old Range Resources (RRL) release before the company’s shareholders finally wake up to what is happening, right in front of them?! No sooner had I published my piece detailing the shady links between Range Non-Executive Chairman David Chen and the rapacious Peter Landau (laced with generous payments, naturally), Range’s board shoved a poisoned pill down the company’s throat. Having engineered a deliberate default of the company’s $15million financing package from Lind Asset Management, Range’s directors have cornered their shareholders. The threat is clear. Accept the Core funding or die.

RRL
RRL

Range Resources; Is David Chen just Pete Landau II?

Scratch away at the surface of New Old Range Resources (RRL) and it is obvious nothing material has changed since Peter Landau left the company in disgrace. The same cabal of business associates appear as intent as ever on bleeding the company dry. At the head of this group, at least as far as Range is concerned, now stands new non-executive Chairman, David Chen. Mr Chen has no operational oil and gas experience. However, he was paid 42,742,654 unlisted 1p options as an “advisor” in the murky Abraham investment. It certainly pays well to be an associate of Mr Landau’s, less well if you are misfortunate enough to be one of his shareholders…

RRL
RRL

New Old Range Resources; did Peter Landau ever truly let go of the reins?

New Old Range Resources (RRL) just gets better and better. With each announcement it releases, there is less and less hope for the company’s long suffering shareholders. It looks more and more like the old guard at Range never really went away. The only question that remains after today’s latest, appalling RNS is why this wretched company doesn’t just drop the pretence and officially welcome back Peter Landau into the fold?

RRL
RRL

Range Resources; the asset stripping accelerates

The merciless asset stripping of Range Resources (RRL) accelerated yesterday. Under the cover of a smokescreen letter to the Range Investor Group and the extremely vague forecast that 3,000bopd is possible at the company’s Beach Marcelle waterflood project, LandOcean has grabbed itself Range’s drilling services subsidiary for next to nothing. This doesn’t bode well and I am now more convinced that it is curtains for Range’s long-suffering shareholders unless they can get themselves organised and gain direct representation on the Range board of directors.

RRL
RRL

Range Resources – The final shafting of its British shareholders?

Shareholders in Range Resources (RRL) have less than three months to save their investments. If it wasn’t clear already, Friday’s announcement was little more than a low-ball takeover offer. Dressed up as a $110million pair of funding packages, in fact all the company’s Chinese suitors did was drop the pretence of the last six months.

RRL
RRL

Shareholder apathy torpedoes New Range

We’ve hardly been chief cheerleaders for New Range Resources (RRL) here at ShareProphets. However, the efforts of CEO Rory Scott Russell and his team were slowly starting to win me (but not TW) over. In dealing with the Augean stables left behind by Peter Landau, Mr Scott Russell had embraced an openness, never before experienced by long-suffering shareholders of this wretched company. It is true that there were some justified complaints about the level and speed of some of Mr Scott Russell’s disclosures, but for the most part this man was a paragon of virtue compared to his predecessor. To be dumped from his job, because shareholders couldn’t be bothered to vote in the latest AGM is a travesty.

RRL
RRL

Range Resources; the shocking tale of its lost millions

Today’s epic disaster of an annual report from Range Resources (RRL) cannot have come as a shock to anyone. Worse is still to come. By any stretch of the imagination Range is vastly overvalued. At 1.07p (last seen), Range is valued at £53.4million. The company has just announced a $102.5million loss, has never been able to cover its costs, has substantially written down the value of its “assets” and has just been forced to borrow another $15million (what happened to the “game-changing” LandOcean deal?!). To top it all off Chief Executive Rory Scott Russell made the hugely embarrassing  admission the company is “unlikely to meet [his] previously stated target of an exit rate of 1,000 barrels of oil a day by the end of 2014”. Apparently Mr Scott Russell is now confident of achieving this goal in H1 of 2015. Given the steaming mountain of manure he has had to shovel his way through since he took charge of Range in February, perhaps Mr Scott Russell has earned a little leeway in hitting his production target. This doesn’t change Range’s overvaluation problem. Nor does it solve the cash flow problems. Nor does it answer a far more relevant question. Just what has happened to all of Range’s money?

Continental Coal; avoid Peter Landau's disastrous fund raising like the plague

This morning suspended Continental Coal (COOL) issued the prospectus for its apparent A$35.1million fund raising. Existing shareholders have been warned if they don’t take up their allotments of 9 new shares for every 1 share they currently hold, their holdings will effectively be diluted to oblivion. In the simplest possible terms anyone considering putting money into this lost cause is out of his or her mind.

RRL
RRL

New “New” Range Resources

In its eagerness to convince all and sundry what a brand “new” company it is, Range Resources (RRL) has adopted an innovative approach to board appointments. It looks like the company’s “new” directors will only last six weeks, thus ensuring the board always has “new” faces and the company can stay on message that this is most definitely a “new” stock. On Thursday, Ian Macliver quit Range “with immediate effect”, having only started his “new” role on June 27th. Apparently Mr Macliver tendered his resignation based upon his “increased commitments in other endeavours”. This doesn’t sound at all convincing and immediately calls into question Range’s recruitment process to “strengthen” its board. This is not least because Mr Macliver’s successor has been found very quickly and comes from… wait for it…yep, you guessed it… Perth, Australia. 

RRL
RRL

Range Resources; no excuses now, you must deliver

Range Resources’ (RRL) CEO Rory Scott Russell has one hell of a job ahead of him. The latest quarterly production figures won’t have come as much of a shock to anyone who has followed the company closely. I must admit I hadn’t seen the bulletin board disappointment at the release of the country’s production figures from January to May this year, by the Trinidadian Ministry of Energy and Energy Affairs. However, Range has now confirmed that Q2 this year was another very disappointing quarter production wise. In his accompanying statement, Mr Scott Russell talked of a “transformational quarter”, but like his repeated claim of “world class assets” in May’s conference call, there is only so long the market will continue to buy this hype. At 1.81p, Range is valued at £91.35million and it is very hard to see fundamental reasons to justify this.

RRL
RRL

Official confirmation Range Resources has ditched Okap Ventures

Perhaps the winds of change are genuinely blowing through Range Resources (RRL). After I wrote my first piece on the company earlier today, highlighting the 1.14% dilution of shareholders just to pay fees, I spoke with Buchanan. Given our recent history with the PR firm that no longer plays dirty tricks on Range’s shareholders (sorry – I couldn’t resist, that line still makes me chuckle), I was surprised to get a call back. But I did and I have to say the conversation was far more constructive than others I have had with the firm. This time, rather than being summarily dismissed or just downright ignored, Buchanan responded to my questions and confirmed one fact, which could prove most telling for Range’s future. Range Resources no longer has any relationship, whatsoever, with Okap Ventures.

RRL
RRL

“New” Range Resources gave away 1.14% of company in fees

I’ve waited a few days before reporting on Range Resources’ (RRL) announcement on Friday. I wanted to see if a holdings RNS was released. So far it hasn’t been, but more on this another day. In the meantime it is worth focussing on the various share payments that Range made at the end of last week. I’ve received a lot of comments from Range’s shareholders about “New Range”. This might be true. Perhaps Rory Scott Russell is a genuine breath of fresh air. The current 2.1p share price at least suggests he might be. The problem with this line of argument is that Friday’s RNS was very much “Old Range”, as shareholders lost 1.14% of their company in share payments made to settle fees on old debts and, what appears to be, a new mystery consulting agreement.

RRL
RRL

Exercise caution with Range Resource

Range Resources (RRL) has seen a dramatic turn-around recently, but now needs to start delivering. As recently as mid-April it was sat at an all-time low of just 0.61p and there were fears for its future as it struggled to re-pay debts that were due. Then along came a financing deal with Abraham Limited which cleared pretty much all of the money owed and triggered a change in sentiment.

Pants on fire

Oilbarrel – a few questions for the dogs presenting last week (and Mosman Oil & Gas)

In the old days Oilbarrel Conferences used to be graced by the likes of Cairn Energy (CNE) & Tullow Oil (TLW) and were packed out. These days, a combination of serial under-deliverers and promoters looking to ramp ahead of the next funding tend to present. Last week’s line up was so dire that if you are among the handful of attendees we provide this handy crib sheet of questions for dogs Range Resources (RRL), Green Dragon (GDG) and Northern Petroleum (NOP). Oh, and for good measure, we also include Mosman Oil & Gas (MSMN), in a well timed appearance.

RRL
RRL

Range Resources – Landau and Eastman go; has the AIM Investigations Team done its job?

On Monday, I published a public call for the AIM Investigations Team (AIM Regulation) to investigate the Platinum Partners loans scandal. This morning, we heard that Peter Landau and Anthony Eastman (directors at the time the loans were entered into and throughout the period they weren’t reported) have stood down from the company. Range claims that this is “part of a  corporate restructuring initiative”, but the timing doesn’t look like a coincidence to me. If I am correct, then today I want to take the opportunity to applaud AIM Regulation for moving swiftly.

RRL
RRL

A call on the AIM Investigations Team to investigate Range Resources and RFC Ambrian over the Platinum Partners scandal

The timing of this piece probably could be better. However, after last week’s revelation, about the 100million Citation shares held as collateral against the Platinum Partners loans, it surely must now fall on the AIM Investigations Team to examine the conduct of Range Resources (RRL) and its former Nomad, RFC Ambrian, over this matter. Irrespective of how the share price has performed over the last week or so, it appears that a material breach of the AIM rules has occurred. Range appears to have admitted this, so how will the London Stock Exchange respond?

RRL
RRL

A new dawn at Range Resources – dream on!!! - Even more damning!

This morning, Range Resources (RRL) slipped out yet another crucial detail concerning the controversial Platinum Partners loans, which it had previously failed to inform shareholders adequately about. It turns out that as well as the 100million shares in Range held as collateral, Platinum also held the 100million of Range’s shares in Citation Resources, held in trust. Together, these blocks of shares are worth roughly £1.91million, based on last seen prices. It is anyone’s guess what else Range has failed to update the market properly about, but if you really believe this is a company experiencing a new dawn then dream on.

RRL
RRL

Range Resources & LandOcean: Six Burning Questions

Despite the market’s reaction, this morning’s announcement by Range Resources (RRL) leaves shareholders in this company with many of the usual guessing games we have come to expect. Why can’t new CEO Rory Scott Russell prove he is his own man and break from the past? Why do RNSs released under his watch still leave more important questions unanswered than answered?

Pig

My nominations for the AIM Cesspit Awards 2014 - BrokerManDaniel - with BMD's missing sixth choice!

It's great that the 2014 AIM Cesspit Awards are this year being held once again at The Real Man Pizza Company, Clerkenwell, London. I hope there are chips on the menu this year! The food was rather poncy/rich for my taste buds! The last known case of gout in Northern England was actually a Southerner who relocated for the BBC. I had a thoroughly enjoyable time last year. Not to be taken too seriously it's just a bit of a laugh or if you're from London "Larffff"

Pig

My nominations for the AIM Cesspit Awards 2014 - Ben Turney

Another year goes by on AIM. Directors get richer, investors get poorer, the regulators find little to occupy their time with. By any stretch of the imagination, AIM  is not a healthy functioning market and it is too easy to cheat. How long this can all go on is anyone’s guess, but AIM is in desperate need of urgent and substantial reform. Here are my picks.

RRL
RRL

Is “Cheng” the Cantonese for “Range shareholders”?!!!!

Range Resources’ (RRL) recent announcement, about the proposed $12million investment from Abraham Ltd, based in Hong Kong, sounded like quite a triumph for new CEO Rory Scott Russell. After all, Range was on its knees, production has been falling, money was running out, debt repayments were overdue, legacy projects continued to drag and the company was forced to issue new equity almost every two weeks to cover financing costs. At a stroke, the cash injection bought Mr Scott Russell some desperately needed time, but no one seems to have asked who is Abraham Ltd? 

RRL
RRL

Range Resources; Remembering Puntland

Apparently I damned Range Resources (RRL) with faint praise yesterday. While the ramping brigade worked themselves up into a lather over what an incredible deal the $12million placement is, the realists recognised that 1p is a pretty dreadful price. The market clearly agrees. Only about £980,000 worth of stock changed hands (c.130million shares). It remains to be seen what Range’s new management team does with the slender lifeline it now clings to, but assuming it can genuinely turn the company around, then there is still a massive prize to play for in a few years time; Puntland.

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