RLT 0.67% 75.0¢ renergen limited

Ann: RENERGEN SWITCHES ON VIRGINIA GAS PLANT, page-107

  1. 1,867 Posts.
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    Yes. "Timber".

    I must say all support has just evaporated with the decent sell into $1.395.

    The ASX is the worst I have ever seen it. Money is just on the sidelines waiting for the macro situation to swing; fed and RBA to pivot for example.

    But on a relatively green day, RLT is shunned. I can't help but think this is two things 1) retail panic and capitulation 2) a deliberate attack on the SP from a major holder (for what reason I cannot say - China interests making a point?).

    Revenue and loans in the bank is the only thing that will change this now imo.

    Tuning out for now....


    Cheers
    kk
 
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