RFE 0.00% 0.0¢ series 2018-1 reds trust

Ann: Set to Acquire Large Gas Production Project , page-11

  1. 27,212 Posts.
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    re: Ann: Set to Acquire Large Gas Production ... rfe get another 60,000 acreas, with infrasrtucture, and some putnter thinks they'll sell on news.

    Seeya buddy!

    Well, that works for the bloke who sold at 1.30, this time,

    so long as he requires his stock at 1.20,

    but that's one heck of a gamble, and he might as easily have found himself very lonely at the train station, with RFE moved on to the next level, 1.50??

    Harltleys mention the valuation 4.20+,,and conservatively, put 6m, 1.57.

    This additional production acreage, ready to go, could easily see a significant boost to that.

    It only takes a few traders, to knock RFE about, but its a first class company, continuing to deliver, and with plenty of supporters, as the RFE potential is realised.

    In truth, previously, they had over run their sp,mc based on their current productions, so there is always going to be a catch up phase, which is why we are oscillating in 1.20 +/- .10 area, during a consolidation.

    But you add the value of an announce like todays???

    As i said, sooner or later, selling on news, and you end up just a by stander, watching it blast off to orbit.

    chrs
 
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