UK 06:32 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.
The timing of this piece probably could be better. However, after last week’s revelation, about the 100million Citation shares held as collateral against the Platinum Partners loans, it surely must now fall on the AIM Investigations Team to examine the conduct of Range Resources (RRL) and its former Nomad, RFC Ambrian, over this matter. Irrespective of how the share price has performed over the last week or so, it appears that a material breach of the AIM rules has occurred. Range appears to have admitted this, so how will the London Stock Exchange respond?
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Comments
Don Diamante
Face it Ben, if you are trying to prove that some AIM stocks are a tad ‘loose’ with their accounts, you’re just as well trying to convince Sir Ranulph Fiennes that it’s ‘a bit cold’ at the North Pole.
If it’s sour grapes cos you missed out on 200% profit and counting, then you’ll have few sympathisers.
Cheers
DD
Ben Turney
@Don No more proof is needed about the state of reporting on AIM. What is needed is some action. The more private investors that share your apathetic attitude the less chance there is of reform.
Shareholders in Range, who are genuinely concerned about the state and future of their company, should join me in this call, not just be satisfied eating the scraps thrown from the table
Don Diamante
@Ben I hear you, and agree that the state of affairs in some AIM companies is an absolute disgrace, Range being one of them, but in my opinion some of the risk evaluation is establishing what level of ‘dodgy’ the company is, over and above anything to do with the fundamentals. Some will have realised the level of dodgy that Range was some time ago, but while the company continues to be ‘solvent’ then seemingly, in my opinion, the LSE will be happy to turn a blind eye to that dodgy side.
Also in my opinion, is that recent developments at the board room level of Range are slowly weeding out the dodgy and reintroducing some professionalism.
Meantime I am happy to bottom feed and take my profits regardless.
Cheers
DD