reckon todays news was fantastic, to be honest, far better than news on 3D, and you are right RichieT, at the rate RFE is aggressively increasing acreage, the initial target of 48k acres by the end of June is a distinct possibility, hopefully another target met or perhaps exceeded?
mentioned before that the extra 10000 acres we have leased is on Baillieus estimate, an extra 22cps on mid case scenario, another way to look at it is the announcement today added $72.35 million(mid case scenario) to RFEs value compared to our existing market capitalisation of $88 million?
imho it appeared as if we had someone selling into todays news( did they actually read the announcement ), quite surprising but not totally unexpected.
binbin, you were after some news on the good doctor re possible selling. got a top 100 this morning, think that would include sales up to 12/4/11.
yes is the answer BB, he sold 1.59 million shares, appears the info i heard was correct. to counter this though, Louis Ghirardello bought another 760k, Aust Executor TTEE NSW bought another 750k and JP Morgan bought another 2.3 million shares.
checked out the overseas buying and, hey presto, overseas investors increased by 2.3 million.
ladies and gents, thought buying on friday looked like institutional buying, appears as if we have another large overseas investor. fingers crossed this investor has plenty more powder to burn.
since 12/4/11 there have been 2.54 million shares traded, in a week or 2 the next list will be very interesting.
it appears as if Dr Leon Pretorius has taken the opportunity to sell out on increased volume and SP, the surprising part is, RFE is only just starting to move, everything looks positive, wonder what bought on this decision??
RFE Price at posting:
53.0¢ Sentiment: LT Buy Disclosure: Held
