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.
Last October, Peter Landau’s disastrous Continental Coal (COOL) announced the cancellation of its admission to AIM, after its shares had been suspended for six months. On April 28th, Range Resources (RRL) announced (to the shock of everyone, I am sure) that Core Capital Management would not be able to complete its $60million funding package, by the end of that month. Range granted Core an extension until today. We’ve just been told that Core has failed to meet that deadline and the funding deal is off. Worse still, Range has been suspended for just over five months, meaning it is one month away from an automatic delisting.
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Comments
wildrides
Good to see you publishing regularly again . I much appreciate your output . I just would like to say Broken Man Dans comments on his web pages go way beyond “poking with a long stick” and “joshing banter” and across the boundary into a venomous personal attack . I found his recent output beyond the pail and filed it straight under waste paper . We may all disagree on various topics and “call each other” rude words in joshing banter fashion from time to time , mostly in jest ……… but as a place , lets not visit that place last visited by BMD .
genuser063
Any comments on the letter today?
DUCK AND DIVE
It was all going well enough to keep the gullible on-side until he said:
“…our objective is to commence a process of transition from AIM to the main market of the London Stock Exchange.”
Only another £675m of market cap to find then. These caricature AIM directors just can’t stop themselves ramping but someone should have told him to take it out unless he wanted to be a laughing stock.