I agree shareholder - too much risk until cash balance forecast known and at least confirmation thay get the frac right - they fracture any of that coal seam and it will be raining water just like at t1 for the last three years. No money in the bank for esp's to shaw up the flooding if this occurs at t3 and no mention of t1 shielding t3 in case t3 springs a water leak.
I have rle on my watch list but will buy on t3 demonstrating commercial rate. Happy to go for a 1 or 2 bagger than flush my coin down the toilet because if t3 fails then rle will be trading at no more than 3 cents and scrambling for cash via a cr with a dilution of at least 50% to investors given mc will be about $7m under that scenario.
I sincerely hope that doesnt happen but cos here is no higher than 30%.
Now over to the sensitive investors to slam this post as it does not align with the truth as they see it.
Proof will be in the imminent pudding...
Adl
RLE Price at posting:
10.5¢ Sentiment: Buy Disclosure: Not Held
