RLE 0.00% 9.0¢ real energy corporation limited

Ann: Investor teleconference - 31 May 2019, page-7

  1. 7,897 Posts.
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    Just re-listened to the telephone conference. SB's stating his confidence on several occasions I think gives a believable indication of a genuine expectation RLE will be producing gas. Does to my ears, anyhow.

    With 95% of the resource to be further explored and improved techniques to be employed along the way, 20 odd mil$ MC is one mighty low starting price if they can bag any reserves from T1,2,and 3, thus far. GLL's current MC is $170mil - in the middle of nowhere, with nothing but water and high hopes …. (!)

    ..... Not the first time it's been said, but RLE absolutely has to be a sleeping giant in dwarf's clothing!!

    Kip
    Last edited by Kipper01: 04/06/19
 
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