UK 07:21 Tuesday, 6 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
As the late great Max Bygraves might have said, I wanna tell you a shtorrry – and this tale comes to you all the way from Central America. Read carefully for it is a bit complicated.
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Comments
wildrides
Great investigative piece !
WoW! what a sorry debarcle for share holders
Sell , sell and sell again .
But for the grace of ……….. go I
How do these directors sleep at night ………… and why is karma not working on them like it should ?
Tom Winnifrith
thank you..hmmm, why? the dark side of the force can be powerful, but never triumphs in the end!
Sir Mac
Absolute rubbish a disgrace to the investment industry. Read Citation accounts all is explained. RRS commitment is minimal
Tom Winnifrith
Sir Mac
You are wrong. RRL commintment is not minimal but nil. It has spunked $4m awat on this but need to spunk away another cent.
But unless Citation spends another $20m it loses the asset so my guess is that Range will be asked to pony up more.
T
PS a disgrace to the industry? Hmmm I said sell at 5p plus and have been bearish since. So i have helped folks save/make money. Is that a disgrace?
StephenP
I think this article needs a diagram. I suspect it would look like a web with a certain large spider sitting in teh middle.
Sir Mac
‘‘From: Peter Landau
Date: Sunday, 1 December 2013
Subject: More from Tom Winnifrith
To: @gmail.com”
Comical – the assets are worth 50m plus based on exploration success to date (and reserves upgrade) and the whole deal was structured on farm in success – if atzam 4 hadnt come in nothing would be paid – to date has been a great success (remember the assets have 40-60m of recoverable reserve potential with current net backs of around $60 a barrel) but never let that get in the way of a good story by tw’‘
There you go, still think TW is the messiah.
wildrides
the share price tells the truth .
sell and sell again .
Tom Winnifrith
Sir Mac
that would be the PL who told folks that his US assets were worth $150m and could be sold quickly is it not?
Tom
pickswinger
‘The author has a short position in one or more of the shares mentioned …..’
Says it all really
Tom Winnifrith
Dickswinger
Yes at £40 a penny with all profits going to charity – Woodlarks. See my Christmas charity challenge.
Even if the cash was going to me …for a maximum gain of £60? Really?
Moreover I have been writing about RRL ( saying it was a sell) from 5p downwards fore more than a year with NO position.
I think your comment says it all..I guess you are a RRL shareholder are you not. Time to come out and be honest about it?
pickswinger
‘Dickswinger’ lol
Actually Tom, have to admit, bit offside and rash on my part. Yes, have shares in RRL but not in too deep.
Regards.
Tom Winnifrith
Pickswinger,
Thanks for reply. Much as I’d like Woodlarks to make £20-30 I am not going to work all day on a piece just to achieve that!
T
Ian
Hi Tom ,
Considering your chats with PL shortly after above and Aztam #5 underway (hopefully hitting TD shortly)….what’s your stance on the whole CTRR/LAR/RRL saga ?
Ian
Hi TW
A revisit of this might e useful post Aztam #5 results (which should be released anytime in coming week).
I look forward to your update thereafter :)