Australian (ASX) Stock Market Forum

RRS - Range Resources

Re: RRS Range Resources- Nickel Heaven?

Djibouti, August 30, 2005 - Prime Minister Ali Mohamed Ghedi told reporters in Nairobi foreign firms should now deal exclusively with the new Transitional Federal Government (TFG) of Somalia. Somalia's fledgling government said on Sunday it should be ready to start offering oil, gas and mineral concessions "in a few months" -- but sternly warned foreign firms from dealing with the wrong people.
The Horn of Africa nation's resources were attracting attention from the West, including major oil producers, before it descended into chaos in 1991 with the toppling of former dictator Mohammed Siad Barre.

In the 14th bid to re-install central government in Somalia, the TFG was formed last year in the relative security of neighboring Kenya and is now trying to set up at home, hampered by internal divisions and the continued power of warlords.

Gedi cited the case of an unnamed Australian-led joint venture that he said had offered some advances to authorities in the northern region of Puntland for oil and gas exploration. "Foreign companies/investors should stop their attempts of dealing with local administrations/authorities like in the case of Puntland State of Somalia without prior consent from the Transitional Federal Government," he said in a statement.

"Any violation of this statement will result in negative consequences and the external and/or internal culprits will take the responsibilities on their shoulders."

Somalia lies across the Gulf of Aden from the Arabian peninsula and next to Ethiopia's Ogaden region, which has proven reserves of natural gas.
 
Re: RRS Range Resources- Nickel Heaven?

I think there will be some very burnt fingers on this stock today, I would love to be proved wrong?
 

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Re: RRS Range Resources- Nickel Heaven?

I agree with all yr opinions on these guys playing ducks and drakes. Have been holding these for a while bought cheap, but have got out today still at a good result. Gives me money to play some of the other stocks I like that are seriously down now. I think there are much better places to have my money than with these guys. :rolleyes:
 
Re: RRS Range Resources- Nickel Heaven?

An ex-Matich company I think - as of early this year.
 
Re: RRS Range Resources- Nickel Heaven?

Foreign companies/investors should stop their attempts of dealing with local administrations/authorities like in the case of Puntland State of Somalia without prior consent from the Transitional Federal Government,"

damn, sounds like a horribly unstable deal. reading that gave me feelings of dejavu with the rtm fiasco..

it might not be so bad but rrs already has a dubious history, i'm happy to watch on the sidelines
 
Re: RRS Range Resources- Nickel Heaven?

krisbarry said:
I think there will be some very burnt fingers on this stock today, I would love to be proved wrong?

Hmmmm...yep got this one right too, some very burnt fingers in the pie, and some bad press circulating. Not looking too good for RRS holders.
 
Re: RRS Range Resources- Nickel Heaven?

"Hmmmm...yep got this one right too"

LOL

Don't worry though. I'd hate to go back and look at how much of my rubbish was totally wrong.
 

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Re: RRS Range Resources- Nickel Heaven?

LOL, I do not hold the stock, so no burnt fingers here, but once did and got burnt
 
Re: RRS Range Resources .....

:)

Hi folks,

RRS ..... as requested, here's some astroanalysis for
the first half of 2006 and must say up front .....

..... there will be more exciting stocks to trade in 2006 !!

Key dates ahead for RRS may be:

05012006 ..... significant news ... ???

20-23012006 ..... minor

25012006 ..... minor

27012006 ..... minor ... (negative intraday)???

20022006 ... 2 cycles here - minor and positive changes?

06032006 ..... minor - finances?

22032006 ..... significant and negative

07042006 ..... minor and positive ..... finances?

17-18042006 ... 2 significant cycles and big-time NEGATIVE

21-24042006 ..... significant and positive

05-08052006 ..... negative financial news and flat trading??

19-22052006 ..... news of significant changes here?

31052006 ..... significant and positive ... finances?

05-06062006 ..... news of longer-term changes here .....
..... and monster NEGATIVE sentiment???

23062006 ..... significant and negative

26062006 ..... minor ..... changes to finances???

30062006 ..... minor news

FWIW ..... December 2007 looks huge for RRS ..... :)

Technically, a bounce off 2.9 would be a healthy sign
for this stock and any break below that level would
probably see 2.o tested as support again .....

happy trading in 2006

yogi

:)
 
range resources ltd RRS

RRS,range resources,small priced explorer and my opinion based on the charts only,appears to be in a strong upward trend.
Charts day week and month,similar to sbm,ext and aim in their younger days.
Day and week showing cup and handle patten,month showing saucer btm.
Weekly handle sits on 50% of the last two major ranges up.
Adx on all indicate a strong trend market,stockastic on the weekly looks the goods.
Vol on day and week looks classic edwards and mcgee,strong on up moves lite on the down moves,on the monthly very strong over the last 15 mths.
Have taken a baby step on this one today at .043,preety big vol going throu to day.
Ann if you are around wonder if you could post a chart and give an opinion please.any one else have an opinion on the fundies.if i can convince my self its half a chance i mite take a bigger wack.
 
Hi Dan,

No worries about a chart. May I leave it till my delay price shows end of day. I will put a chart up later this evening if that is OK?

In the meantime, let's put a few statistics up shall we?



Detailed Quote for Friday, March 03, 2006

Company Name: Range Resources
ASX Code: RRS
Shares Issued: 1,097,219,388
Market Cap: 47.2 Million
52-Week High: 0.058 on Monday, November 14, 2005
52-Week Low: 0.019 on Monday, February 28, 2005
Average Price: 0.0356 (50-day) 0.0319 (200-day)
Average Volume: 8,598,300 (50-day) 11,769,800 (200-day)
Official Listing Date: 24 January, 1985
Share Registry: COMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Directors / Senior Management:
Mr Peter Landau (Director)
Mr Jim Marinis (Executive Director)
Mr Michael Povey (Executive Chairman)
Company Secretary: Mr Peter Landau (Joint Co. Secretary)

Internet Address http://www.rangeresources.com.au/

Company Profile:
Range Resources Limited is an exploration based company currently focused on oil, gas and most minerals with it's principal areas of interest in Puntland (Somalia), Peru and Western Australia.
 
This stock is a must for the speculators.

MASSIVE targets ..... absolutely MASSIVE.

There are many exploration boxes to be tocked in the next decade (yup decade!!).

There is a production box that the government would like RRS to tick ASAP.

Managament box is already ticked.

Risk yup, plenty ..... but the rewards are mind boggling. All the info you need on the ASX site.
 
what's the go with this one?
They had a trade halt on 12 April...and still no trading yet! Anyone know anything about this one? :cautious:
 
:)

Hi folks,

RRS ... fell off its perch and now suspended
from trading ... and, right on time, too .....
see post on 2 January 2006, above ... :)

"17-18042006 ... 2 significant cycles and big-time NEGATIVE"

See same post above for further key dates
ahead, for RRS ..... :)

happy trading

yogi


:)

=====
 
I never take your astro stuff seriously, but I am intrigued. What are you basing your cycles on? Movement of planets?
 
It might be of interest to you guys to visit the following Somali based site for the latest news on the region (www.garoweonline.com - see the recent news items related to the operations of rrs). Aside from the conflicting reports of civil disturbance, there are references to last weeks finalisation & signing of agreements btw rrs (Povey) & the Puntland gov. There's also reference to a recent security risk report & the anticipated release of results from their latest grab-sample run. Take your pick as to what the latest announcement might contain.
 
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