As they say, the struggle is real. Not good news and now the question of potentially another CR? Not that RLE would do anything transparent...like address that in the announcement.
Yes not a great picture ... still, haven't moved even though the OBs are now trading below 2c ... thinking the next CR could well be 6c etc
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Yes not a great picture ... still, haven't moved even though the OBs are now trading below 2c ... thinking the next CR could well be 6c etc
Implications of the tax ruling are significant - in my opinion a repeal is highly unlikely. Down to 6c today. They urgently need good results out of Tam 2 and 3, AND a further cash raise looks inevitable, at what thou... 3 cents? RLE is being diluted to oblivion.
Implications of the tax ruling are significant - in my opinion a repeal is highly unlikely. Down to 6c today. They urgently need good results out of Tam 2 and 3, AND a further cash raise looks inevitable, at what thou... 3 cents? RLE is being diluted to oblivion.
Scott whispered more sweet nothings and excuses on the teleconference.
What a DOG ...RLE just as we predicted going down the drain ... wish I never picked for one of my ASX comp picks.... but could be worse could be still holding
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
I had it on my watchlist based on this thread but luckily never bought in. So if the wells are not commercial at all they will go belly-up or is there a turnaround story in the offering here?
I had it on my watchlist based on this thread but luckily never bought in. So if the wells are not commercial at all they will go belly-up or is there a turnaround story in the offering here?
Who knows plenty of dreamers on HC that think its great buying ... but they have been saying the same since 14c
looks very risky to me .... need 6mill to build pipeline + more drilling funds but then decline rates look steep hard to see much profit from operations IMHO
Last edited by JBmurc; 31-07-2019 at 03:24 PM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Who knows plenty of dreamers on HC that think its great buying ... but they have been saying the same since 14c
looks very risky to me .... need 6mill to build pipeline + more drilling funds but then decline rates look steep hard to see much profit from operations IMHO
Yeah way too risky for me. Glad you got out in time.
Yeah way too risky for me. Glad you got out in time.
Got out for a nice profit which is always good when you now look at what could have been a -60% paper loss
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
Bookmarks