RLT 1.12% 88.5¢ renergen limited

RLT CHART, page-293

  1. 540 Posts.
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    RLT has progressed steadily towards meeting its targets since Jan 2021.

    We all know that the SP at one point during this period ran to approx double what it is today.

    It is evident that it was a pump and dump which is unfortunate for those who bought on the highs.

    However, the SP in Jan was roughly 1.13 compared to what it is today at 1.48

    Most investors who were set prior to this time would see this as a healthy ROI however the p and d has obviously left a
    sour taste in many holders mouths.

    The MC is around 180 million which is probably a little undervalued atm,

    Lets hope that with the coming online of phase 1 plant and production of the resource, we start to see a correction in the SP
    from being an explorer to a producer.

    Let the turbulent times of the manipulation of the SP subside and wait with anticipation for the overall growth over the next 12 months
    and beyond.

    Its definitely one of those stocks that you accumulate when you feel comfortable and put in the bottom drawer to mature.
 
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