Range Resources, RRS and RRSO

[Shiner]

Seems to be flavour of the week.

New shares and options issued next week (17th). New shares at .015 on a 1:2 with a free option excercisable OCT 07 at .05 on a basis of 1 for every 2 new shares taken.

Major movement this week, supported by a strong close today.

RRSO's tradiong at discount IMHO (even with new options)

Disc: Hold RRSO's
Disc 2 : Spec share, holding for potential....own research, as always is required.

[Krustytheclown]

Hi Shiner,

I had a few RRS a year or so ago when they had some VERY encouraging drilling results from Forrestania .....a lot of hype was generated....and the SP flew....then flopped.

Now they have a large patch of prospective dirt in Africa......this sounds great....but Africa- a new war/regime change must start ther every day-big Soveriegn risk except for Sth Africa IMHO.
If they strike- how long till the biggest black fella with the biggest gun wants it and his small army?

I would ride this one for a while and then jump.....seen this RRS move before.
Good luck to you!

Interesting to see that the RRS Secretary is the same dude as in NEO.....JV perhaps-I hope not for NEO- full plate in Calif'.

See ya,

G.

[Shiner]

Hi G,
We meet again

Fully agree with what you say. And yes I did consider that before purchasing.

A few small points,
1. Australian assets as well.
2. Mineral rights in Peru also, drilling soon to commence. This alone could see a very high correction. Lots the .....And one is the hype Uranium.
3. Puntland / Africa. Full and exclusive rights. Security forces are being reduced. Country is on the rebuild.
4. Agreements from both head "black fella's" (no offence intended)
5. Covers all types of resouces.

Risk is there as with any stock.....but I do understand what you are saying and it's appreciated.

As for a JV with NEO.....WOW, truely I think they'd both win, big time....that would be a big call. But one I could live with.

Keep an eye on it.....it may surprise soon.

[Krustytheclown]

quote:Originally posted by Shiner

Hi G,
We meet again

Fully agree with what you say. And yes I did consider that before purchasing.

A few small points,
1. Australian assets as well.
2. Mineral rights in Peru also, drilling soon to commence. This alone could see a very high correction. Lots the .....And one is the hype Uranium.
3. Puntland / Africa. Full and exclusive rights. Security forces are being reduced. Country is on the rebuild.
4. Agreements from both head "black fella's" (no offence intended)
5. Covers all types of resouces.

Risk is there as with any stock.....but I do understand what you are saying and it's appreciated.

As for a JV with NEO.....WOW, truely I think they'd both win, big time....that would be a big call. But one I could live with.

Keep an eye on it.....it may surprise soon.

May you do well.....for me this time -the horse is well out of the stable.

Waiting for the NEO to fire!


G.

[Shiner]

Waiting for the NEO to fire!


Amen to that. I'm still with you for that one as well.

[Shiner]

Nice read. Take the time to read. potential increasing here.

http://www.enviro-oilgas.com/home.htm

Also the ....

Delegates from EU held talks with Somali premier

Jowhar 11, Nov, 05 ( Sh.M.Network) –Delegates from European Union who have today visited jowhar, a town 90kms north of Mogadishu held talks with Somali premier Ali Mohamed Gedi discussing many issues.

The delegates from European Union led by Ambassador Richard Hands, the representative of the EU in Nairobi have discussed with the premier tightening the relations between Somalia and European Union.

The EU members have extended their condolences to the relatives of those have recently been killed when the premier and his escorts attacked during a visit to Mogadishu.

During the discussion, the two sides have also talked about a trip by which Prime Minister Gedi is due to visit to Brussels.

In today’s meeting at Jowhar, several ministers have accompanied with premier Gedi during the meeting with the European Union delegates and those members included foreign minister Abdulahi Sheik Osmail, Finances minister Salim Aliyow Ibrow, TFG minister for international co-operations Abdurazak Jurille and others.

The EU members also met with president Abdulahu Yusuf Ahmed and told him that European Union considers no more conflict between TFG members.
It was the first time that European Union delegates visited Jowhar since the TFG members moved for the tiny town, which lies 90kms north of Mogadishu.


Things are starting to look desicivly positive.....the early bird catches the Dollar.

Disc: Own research is required before investing..Thanks.
Dsic 2: Hold RRSO

[Shiner]

Take off iminent. IMHO.
Taken a month and now it looks like all the pieces are falling into place.
In a trading halt pending an announcement.

Looking forward to this news. Possible J/V.
This could considerably re-rate RRS.

[winner69]

Shiner ... pretty keen on this eh mate

Did you see this piece by pierpont

pierpont might be wrong and you might be right but to me it is summed in the opening few paragraphs, in particular ... We must still be in a roaring boom because Range Resources has doubled in price in the past month .... .This should give all of us enormous optimism, because if Range is looking beautiful to the punters, then almost any dog stock should be able to get a run.

Taking a punt on Puntland
28/11/05

Take heart! The market is still in great shape.

Break out a bottle of Bolly and buy more penny dreadfuls.

We must still be in a roaring boom because Range Resources has doubled in price in the past month from 2.2 ¢ to 5 ¢. This should give all of us enormous optimism, because if Range is looking beautiful to the punters, then almost any dog stock should be able to get a run.

Range shares jumped at the start of October on news that it had acquired a 50.1 per cent right to all the minerals and hydrocarbons in Puntland.

When Pierpont first saw that announcement it took him fully five minutes to stop laughing. After all, can there be a more appropriate location for a speculative explorer than Puntland?

In fact, this was not a jest because Puntland is a province of Somalia, which Range said is "one of the last underexplored countries in the world that has high potential for vast reserves of hydrocarbons".

Maybe it has, but Somalia also tops the world tables in terms of sovereign risk. Heaven knows, Pierpont has invested in mining companies in some pretty dodgy spots around the world, but Somalia is something special, as any reader who saw Black Hawk Down will realise.

A little history. The dictatorial regime of Mohamed Siad Barre was ousted in January 1991. Turmoil, factional fighting and anarchy have followed in the years since.

In May of 1991, northern clans declared an independent Republic of Somaliland that now includes the administrative regions with the unlikely names of Awdal, Woqooyi Galbeed, Togdheer, Sanaag, and Sool.

Although not recognised by any government, Somaliland has maintained a stable existence, aided by the overwhelming dominance of a ruling clan and economic infrastructure left behind by British, Russian, and American military assistance programs.



The regions of Bari, Nugaal and northern Mudug comprise a neighbouring self-declared autonomous state of Puntland, which has been self-governing since 1998, but does not aim at independence.

Puntland has also made strides towards reconstructing a legitimate, representative government, but has suffered some civil strife.

Puntland disputes its border with Somaliland as it also claims portions of eastern Sool and Sanaag. The Puntland and Somaliland governments seek support from neighbouring states in their secessionist aspirations and in conflicts with each other.

The Range statement to the Australian Stock Exchange on October 5 contained a map of Puntland, showing Sool and Sanaag as part of the territory it would explore. In fact, those parts of Puntland are in dispute, which means the ownership of any resources discovered there is also likely to be in dispute.

Call Pierpont old-fashioned, but if he were running a mining company, he would prefer to negotiate with a dictatorship rather than deal with anarchy. With a dictatorship, he would at least know who's in charge today. With anarchy, you don't even know that - and Somalia must be the most anarchic country on the planet.

Beginning in 1993, a two-year United Nations humanitarian effort (primarily in the south) was able to alleviate famine conditions, but when the UN withdrew in 1995, having suffered significant casualties, order still had not been restored.

The mandate of the transitional national government (TNG), created in August 2000 in Djibouti, expired in August 2003.

The new Somali President, Abdullahi Yusuf Ahmed, has formed a transitional federal government (TFG) consisting of a 275-member parliament. It was established in October 20

[Shiner]

Yes thank you W69, I have seen this article. Thanks for taking the time to put it up.

With any penny share caution has to be exercised.

I thought the article to be relatively based on "old" information and not focussed on recent developments. I could easily counter with another positive one, but am only putting this out there for others. (The article itself is nearly 3 weeks old lots has changed since then even)

The article (in my mind) cried soar grapes.

Last night someone exercised some $6.5 million dollars worth of options (including, it looks like directors). A J/V partner is now suspected to be announced hence the trading halt this morning.

Alternatively it maybe to confirm the sale of the "U" resources in Peru. Either of these make me even further committed to RRS/RRSO. For Peru, subject to sale conditions this could be US $10 million and say a 10-20% free carry.

This could mean some 18-20 Million $$ in cash (not including future income if they retain some of Peru), this alone places RRS in a new and exciting arena....and IMHO WELL out of penny-dread status.

J/V partners are to be announced progressively over the next 6 months (as they arise) and the first is about due now (suspected announcement to coinside with the rights issue) as per the Co AGM.

What value would a major J/V partner put on RRS - possibly enormous, let alone the credibilty it would lend to RRS in Puntland. China, Korea, BHP, Woodside ?????

Puntland Resources are (Assumed) to incredible to fathom. Day by day any risks seem to be deminishing with stability being achieved, Security, Embassy's opening, Political agreements, and International investment.

A spec, but when is the best time to buy a spec - before or after a percieved positive announcement or achievement.

RRS has even said they intend to retain a portion of Puntland for themselves and go exploring.

One thing is for sure.....I will either be smiling soon, or coming back to admit I got it wrong

If we put a price on RRS of 2-3 $$$ and called that outrageous, ludicrous.... then how would 25-50 cents souund in 3-4 months ?? Risk Vs Gain ??

Announcement may not drop until Friday, so another day to wait [8D]

Respect your posts W69 and appreciate your input.

One for people to watch.
Carry out your own research as always.

Disc - RRS and RRSO

[easy money]

amen