IMO all quiet because shareholders have taken their positions and do not want to become repetitive with their posts. The Company has informed the market of its plan and we know we have funding to put it into action.
We are “NOW” waiting on news on several fronts and this could land at any time. As a long term Holder relatively small variations in the SP are not an issue. I am happy to wait this one out for my target sell of A$1.55 (by way of a takeover or as an established Producer).
In the interim until news is released we will see minimal movement in the SP as news will be the driving factor to gain wider market interest and momentum. However, this will move very quickly once news is released, especially any positive news on flow rates for T~1 which has been improving, so be careful jumping in and out.
Commencing any sort of drilling campaign generally adds value to the SP but with so much upside attached to T~2 and T~3 it will gain momentum quickly on release dates for drilling etc...
Good Luck All
RLE Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
