Lots and lots of posts on how good a deal oppies are relative to ordinary shares ...
so for a director to trade out 1.3 million oppies and convert the sale proceeds of these oppies to 200k ordinary shares (ie at no $ cost) whilst shutting down T2 and T3 for pressure build up prior to flow testing suggests a longer road ahead re reaching modelled flow rates (ie director's action suggests oppies price will not be met prior to expiration date) imho...
Not a good look by diector imho....
Oh so happy to be wrong.
Adl
RLE Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held