hi rich1612, watching RFE price daily has been very frustrating, i agree with you.
those attempts last night at some sort of valuation were only in comparison with AUT, for the amount of shares available and assets verified, poor old RFE is a poor cousin of AUT, i estimate on yesterdays close, for RFE to be on level pegging the SP currently should be 88c.
whats most frustrating at the moment is the deliberate attempt to keep up is this range when at the start of the month it appeared that target may have been a chance.
as far as a reserve upgrade goes, i dont think there is any specific date anything needs to be released by, any holders out there can correct me, but RFE could let this slide and release at any time they want.
having said that, work that started in july certainly was a clear statement that an upgrade is being worked on. i will guess a release on 3/9/10, last year it was released on 3/9/09, in 2008 a reserve position was released on 4/9/08, 3rd of sept is a friday so will pick this date.
RFE management seem to like releasing this info in the first week of september, so pre market friday 3/9/10 would give 10 full trading days plus the rest of today to get a position if you think these results will get us moving.
would expect movement to begin early in the week starting 30/8/10.
all this only imho
RFE Price at posting:
56.5¢ Sentiment: LT Buy Disclosure: Held
