With the free options you can see rle potentiay being traded down to very low 7s or even high 6s as oppies may list at one or two cents hence anthing above 6.0c with a 2.0c option price puts those soph investors with the new 24 million shares plus 12 million options in front ...
The longer no positive news flows the lower the price imo.
Btw not a down ramp as i have decided not to buy in until post SUSTAINED gas flow announced - there will be enough churn of the new 24 million plus options to still get in at a reasonable price and have a multi bagger IF and WHEN SUSTAINED gas flows are achieved and 2p banked ..
Beware of initial gas flow soon after back flow ops as these are likely to be artifically high due to fracing.
Gtla
RLE Price at posting:
7.9¢ Sentiment: None Disclosure: Not Held
