Range Resources Ltd

Range Resources Limited (“Range” or “the Company”) is both an ASX-listed (ASX: RRS) and AIM-listed (AIM: RRL) exploration and production company with assets in Texas- U.S, Republic of Georgia, Trinidad and Puntland- Somalia.
 
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 Placement

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Oilman1



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PostSubject: Placement   Wed Jun 16, 2010 8:42 am

MM's are moving the price down for OPL so that they can take up a share issue for the $10m at a discount to VWAP
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DiamondDon

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PostSubject: Re. placement   Wed Jun 16, 2010 8:49 am

Placement for the A$10m issue is based on average SP over the preceding 5 days, and the options expire this week.
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PostSubject: Re: Placement   Wed Jun 16, 2010 8:53 am

What is the lowest price the funds can be raised at then? 4.5p?
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Oilman1



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PostSubject: Re: Placement   Wed Jun 16, 2010 8:59 am

Oilman1 wrote:
MM's are moving the price down for OPL so that they can take up a share issue for the $10m at a discount to VWAP

price is being held down all week
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DiamondDon

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PostSubject: Re: Placement   Wed Jun 16, 2010 9:12 am

Admin wrote:
What is the lowest price the funds can be raised at then? 4.5p?

Given we started the week at 5.25+ offers, it would have to drop to 3.75 by CoP Friday to average 4.5p.
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notarealdr

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PostSubject: Re: Placement   Wed Jun 16, 2010 9:14 am

Placement will probably be a 20% discount to VWAP.
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Ricky Peters

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PostSubject: Re: Placement   Wed Jun 16, 2010 3:55 pm

with the MM,s holding the sp down this week for the placement at what seems to be around 4.5p, next week we could see the rerating.
This is the reason why there has not been an RNS issued by PL and the board .
maybe a suspension for ASX sunday night which is the 20th and then the rains are released imo
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notarealdr

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PostSubject: Re: Placement   Thu Jun 24, 2010 6:00 am

pirat


Last edited by notarealdr on Sun Jun 27, 2010 6:41 am; edited 1 time in total
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PostSubject: pass the rum    Thu Jun 24, 2010 6:37 am

Very Happy

Notra that rum is slowly going to your head Smile




Last edited by ADMIN on Sun Jun 27, 2010 7:32 am; edited 1 time in total
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notarealdr

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PostSubject: Re: Placement   Thu Jun 24, 2010 8:44 am

?


Last edited by notarealdr on Sun Jun 27, 2010 6:42 am; edited 1 time in total
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notarealdr

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PostSubject: Re: Placement   Thu Jun 24, 2010 12:13 pm

Oh, alright that was "Just a gigolo".

modern version by David lee Roth


Last edited by notarealdr on Thu Jun 24, 2010 1:04 pm; edited 1 time in total
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PostSubject: Re: Placement   Thu Jun 24, 2010 12:19 pm

Must admit that ones not on my ipod Wink

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notarealdr

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PostSubject: Re: Placement   Fri Jun 25, 2010 7:36 am

Hi trendsetters. Range was up a bit in oz today finishing the day at 8.3c having traded a bee's dick over 4m shares mostly at 8.3/8.4c. Options up a bit also at 3.4c.

It is looking a bit stronger but still hasn't broken out. Fingers crossed for next week.Smile
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PostSubject: Re: Placement   Fri Jun 25, 2010 7:41 am

might need news for this to break out.

RRS suspension sunday, we spike monday news monday night on asx?????????
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notarealdr

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PostSubject: Re: Placement   Fri Jun 25, 2010 7:49 am

I would love to say that's a plan, but I honestly don't know.Smile
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notarealdr

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PostSubject: Re: Placement   Fri Jun 25, 2010 11:18 am

pirat
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