RLE 0.00% 9.0¢ real energy corporation limited

Ann: Real Energy raises $2.34M in a placement, page-56

  1. 5,209 Posts.
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    CR stock should hit the market soon, still no 3b. Going to be a very interesting period after that. I would expect that management will be looking to step up the news flow to clear any weak hands from the register.

    Plenty of potential company making news flow items in the pipeline with the primary driver for me being the increasing gas flows. Even if incremental it's highly encouraging as it signals that the coals are dewatering. The other key drivers here will be in the conversion of the MoU and formalisation of the gas processing agreement and pipeline access agreements.

    Only potential red flag here for me would be a reduction in gas flows as by rights removing the water cap should allow the lower formation to flow and the upper formation to begin to expose those coal cleats for production.
 
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