T/H for potential cap raise, hope its a buy in at a premium or close to s/p.
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T/H for potential cap raise, hope its a buy in at a premium or close to s/p.
If its a plain vanilla cap raise it will. Will await detail.
Just read not sure if official though:
Cap raising is at 10.5c with free options 1:3, the options have a 14c strike price with a 19 month expiry.
https://www.freshequities.com/ASX/rle
yes bloody disgusting unless the OA are being extended then they are likely gone >>why they didn't just get the same guys to underwrite the opts ... stinks of insider trading ...we all know about upcoming GSA-pipline approvals-reserves cash in the bank to get us through to the OA's
Not sure if you guys keeping eye on HC forum but not looking so bad now that the OA's will likely have a 3month extension to 15th JULY 19..
which for myself with a large amount of OA is brilliant news .. a real bi-polar day but overall looking a much better outcome than first thought
certainly looking forward to seeing the term sheet and if the posts are right with OA ex.date extension to 15th JULY then maybe developments costs are much higher next month.. so either place shares now for 2.5mill+ or wait hoping OAs where going to be converted in 6 wks time
Makes sense securing funds asap will push the project forward esp if your getting pressure from a new major GSA that need to see the pipelines in place and flowing Gas for RLE to secure the GSA over another supplier as they say time is money..
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10.5c including 1 for 3 2020 options @ 14c.