Lucian Miers continues his World War Two analogy as UKOG shares slide like a dead German body on a Russian ice lake
How to lose more than 50% of your cash in 2 weeks - ask an Andalas owning moron: placing imminent? £550k Loan to be repaid by deadline today? er....
Published 70 days ago
Commenting yesterday on the “Launch of Google Assistant voice control” ramparoonie (Oops) RNS announcement from LightwaveRF (LWRF), I suggested it clearly currently remains cash burn ahoy, with results for the six months ended 31st March 2017 following today…
Published 940 days ago
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.
Published 1075 days ago
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.