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  1. #131
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by Joshuatree View Post
    Download Document 407.03KB

    10.5c including 1 for 3 2020 options @ 14c.
    Sweet for those who could get them: a 20+ % discount to the closing price and a FAR better options deal than the A's offered to 'loyal' shareholders.

    No news on extending the A's either - are they dead ducks? What a mess.

  2. #132
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by Hectorplains View Post
    Sweet for those who could get them: a 20+ % discount to the closing price and a FAR better options deal than the A's offered to 'loyal' shareholders.

    No news on extending the A's either - are they dead ducks? What a mess.
    https://soundcloud.com/user-24692873...or-scott-brown

    Points I took from the interview with SB

    End of April for Reserves>>

    Has Debt finance available>>

    likely to get funds from OA's and working on extending ex.date 3months to JULY 19>>

    hopes to get GSA signed off next Qtr... MAY-JUNE???

    So from that, I'm certainly not selling any and really hoping to see the extension of the OA's
    unless they are 90% sure to be dead(with the above details) .. really was the only way we S/H got included to leverage into a major success (outside buying the OB's) really have to be bitter RLE holder to not vote for the extension
    "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

  3. #133
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by JBmurc View Post
    https://soundcloud.com/user-24692873...or-scott-brown

    Points I took from the interview with SB

    End of April for Reserves>>

    Has Debt finance available>>

    likely to get funds from OA's and working on extending ex.date 3months to JULY 19>>

    hopes to get GSA signed off next Qtr... MAY-JUNE???

    So from that, I'm certainly not selling any and really hoping to see the extension of the OA's
    unless they are 90% sure to be dead(with the above details) .. really was the only way we S/H got included to leverage into a major success (outside buying the OB's) really have to be bitter RLE holder to not vote for the extension
    I take the validity most of what Brown says with caution... more so now than ever.

    My understanding is the extension of the OA's is not merely at the decision of shareholder vote. Requires ASX dispensation and RLE's situation may not be sufficient for that to be granted?

  4. #134
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by Hectorplains View Post
    I take the validity most of what Brown says with caution... more so now than ever.

    My understanding is the extension of the OA's is not merely at the decision of shareholder vote. Requires ASX dispensation and RLE's situation may not be sufficient for that to be granted?
    Maybe... the OA's were never used to raise cash but a loyality bonus to all S/H's

    So hoping this and the fact of there very short-dated will sway the ASX to allow a three-month extension as delays out of RLE control will see all major news coming late April to JULY they seem to have nil issues with shares trading pre ann insider trading etc or illeagl disclosure from ASX listed companies ...every week seem some retail S/H's getting shafted by a dodgy Micro cap Mgmt ...ASX turn a blind eye ..

    Will be pissed if we can't get a small extension too what is basically a 12c raising gifted to S/H's
    Last edited by JBmurc; 01-03-2019 at 08:51 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

  5. #135
    Divorced from logic Hectorplains's Avatar
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    Quote Originally Posted by JBmurc View Post
    Maybe... the OA's were never used to raise cash but a loyality bonus to all S/H's

    So hoping this and the fact of there very short-dated will sway the ASX to allow a three-month extension as delays out of RLE control will see all major news coming late April to JULY they seem to have nil issues with shares trading pre ann insider trading etc or illeagl disclosure from ASX listed companies ...every week seem some retail S/H's getting shafted by a dodgy Micro cap Mgmt ...ASX turn a blind eye ..

    Will be pissed if we can't get a small extension too what is basically a 12c raising gifted to S/H's
    Worth a quick read, the table is useful... https://stockhead.com.au/energy/why-...ppen-last-year

    The thesis of it didn't happen then, so it's more likely now ... is one I'm usually not that comfortable with. However, the metrics in this space are compelling!

  6. #136
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by Hectorplains View Post
    Worth a quick read, the table is useful... https://stockhead.com.au/energy/why-...ppen-last-year

    The thesis of it didn't happen then, so it's more likely now ... is one I'm usually not that comfortable with. However, the metrics in this space are compelling!
    Yes one would think if RLE can prove up a sizable reserves its only going be a matter of time till STO/BPT/ORG makes a move
    "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

  7. #137
    FEAR n GREED JBmurc's Avatar
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    Just spoken with RLE MD again sounds like they have been trying to get the OA's extented but the ASX has been non-responsive on the matter
    another plan RLE are looking at is letting OA holder convert into OB's at a discounted rate (I'm hoping 2:1)

    Hopefully we will find out soon enough.. sounds like Gas reserves won't be till later April after OA ex.date
    "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

  8. #138
    Antiquated & irrational t.rexjr's Avatar
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    Quote Originally Posted by JBmurc View Post
    Just spoken with RLE MD again sounds like they have been trying to get the OA's extented but the ASX has been non-responsive on the matter
    another plan RLE are looking at is letting OA holder convert into OB's at a discounted rate (I'm hoping 2:1)

    Hopefully we will find out soon enough.. sounds like Gas reserves won't be till later April after OA ex.date
    Well currently comparative price of OAs to OBs is near 8:1. If 2:1 was a sniff you're looking at a 400% gain. If you've got nil risk aversion because of the money tree in the back yard then it might be worth a gamble...

    Definitely not advice worth acting upon so do not do it (unless you do have said money tree)

  9. #139
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by t.rexjr View Post
    Well currently the comparative price of OAs to OBs is near 8:1. If 2:1 was a sniff you're looking at a 400% gain. If you've got nil risk aversion because of the money tree in the back yard then it might be worth a gamble...

    Definitely not advice worth acting upon so do not do it (unless you do have said money tree)
    Well, I'm hoping it will be 2:1... Many OA holders like myself have averages above 3c

    I understand they really wanted to extend OA's a couple of months but looks like time has run out for this option... So plan be B is the OB's
    which would still need S/H support and we could see it voted down by holders

    And maybe nothing is done and they expire worthlessly IMHO 50% chance

    certainly high risk even at these levels ...but I'm not selling as I'll only get 12% of my capital back
    "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

  10. #140
    FEAR n GREED JBmurc's Avatar
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    Well with latest info out I sold my OA's for a major loss @ .005 and sold the other half of the head shares for a profit 9.7c sitting on the sidelines think we will see more downwards pressure till later April when reserves should be out..

    Gutted the OA's had Huge potential but in hindsight should have sold my free OA's and just purchased head shares and OB's damm the last CR just killed them off
    "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

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