ROG 0.00% 0.5¢ red sky energy limited.

a lesson for everyone, page-10

  1. 5,657 Posts.
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    Short term trading is always risky, and should only be attempted in conjunction with a very good understanding of Charts (IMO). Smart money do not buy in the pecks. They sell into them, and then sand aside as Mums and Dads get left holding the bag.

    ROG is having a breather. As posters on this thread have pointed out, there has only been good news. With a 210% increase in 2P (17 PJ) AND 3P (380 PJ).
    Most importantly, we look to have gas in the sandstone on top of the CSG reserves.

    11 April.
    The cores obtained from the productive zones are undergoing extensive testing and analysis by the Company?s specialist advisors, "with their final report due soon." The preliminary indication is that there is the potential for a significant gas resource to be contained within the Kangaroo Creek sandstones that sit above the Walloon coals.

    21 March.
    "This gives us the impetus to start planning production pilots and gas commercialisation.? Rohan Gillespie said.
    "This gives us the impetus to start planning production pilots and gas commercialisation.? Rohan Gillespie said.

    We also now have a power station option by the looks. If this is to do with MEL , then that will be very interesting.

    An update on this power generation option will be made shortly.
    Things have been very quite, and my gut tells me something might be brewing.

    The thing will this end if the Spec, is you don't know when they will run. I sleep a lot easier at night, not putting to much money on them.

    This is a good bottom draw stock I reckon.

    All the above just my opinion. As always DYOR




 
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