RFE series 2018-1 reds trust

50% increase, page-3

  1. 7,305 Posts.
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    hi AimForSimon

    yet another great announcement, all positive recently.

    going on Baillieus middle scenario valuation of the Mississippian play, the extra 10000 acres RFE have leased adds yet another 22c in one foul swoop, ie Baillieus mid case scenario would now equal $1.19 on 350 million shares,
    this is just getting better and better.

    not surprised to see the SP drop though.
    in the past i always thought that if great announcements were released this should equate to a rise in SP, but imho
    a LOT of holders see it as an opportunity to dump shares.

    imho that is a short term approach and it is better to see the back of holders this, value is increasing all the time, longer term holders will be rewarded, imho of course.

    GO RFE
 
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