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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 Minitor Energy

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Posts : 6
Join date : 2010-06-24

PostSubject: Minitor Energy   Tue Oct 12, 2010 3:00 am

Monitor Energy (ASX:MHL) seems to be dragging the chain in both raising funds and obtaining shareholder approval for its 90% purchase of the Trinidad assets.

My own view is that MHL is going to struggle to raise the $90 million it needs, especially as it involves issuing 2 billion new shares at a (roughly) 50% premium to the current SP.

It is unclear to me where a failure to proceed by MHL leaves RRS and I would welcome any informed views in this respect.


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