UK 05:49 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.
In its eagerness to convince all and sundry what a brand “new” company it is, Range Resources (RRL) has adopted an innovative approach to board appointments. It looks like the company’s “new” directors will only last six weeks, thus ensuring the board always has “new” faces and the company can stay on message that this is most definitely a “new” stock. On Thursday, Ian Macliver quit Range “with immediate effect”, having only started his “new” role on June 27th. Apparently Mr Macliver tendered his resignation based upon his “increased commitments in other endeavours”. This doesn’t sound at all convincing and immediately calls into question Range’s recruitment process to “strengthen” its board. This is not least because Mr Macliver’s successor has been found very quickly and comes from… wait for it…yep, you guessed it… Perth, Australia.
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Comments
Matt
Slow news day, Ben??
Any basic research, beyond your WTF jokes, would show you that Macliver was in bed with the very Perth mafia / financers that f***ed the company up initially and that investors were glad to see the back of him. The new director is a stop gap to comply with the ASX listing whilst the company prepares to delist for good from the ASX.
Ben Turney
@Matt – your words, not mine!
I would be very interested to hear your views on who is behind the Abraham money
GheeBhee
Matt, I agree that Ben may have underplayed the possibility that Macliver was fed into the new regime by the old. Undetected at first, his very close connection with Landau from their Max Capital and Grange Consulting days eventually caused him to be outed and ousted. Alternatively, this is an indicator that there is a power struggle going on and the answer to the question of who is behind Abraham is crucial to understanding this. So from me too, any views?