Witch indeed … Fair enough jak. No way of knowing what the...

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Kipper01

7,853 Posts.

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29/11/18

21:48

Post #: 36695775
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Originally posted by jakspara ↑

"Why if it looks like a duck and sounds like a duck, couldn't it actually also BE a duck???"

Or a witch!!!!......sorry kip (off topic) but couldn't help thinking of that scene from The Holy Grail

Back on topic......given that BCG is "the new kid on the block" so to speak, any form of re-rating will only be results driven. I don't want to be a wet blanket but I'm of the opinion that we most likely won't see fair value for some time yet ie. until these (somewhat hopeful, yet increasingly derisked) results transform into production/revenue. CBM operations can be somewhat extrapolated by the market to determine estimated results, whereas we need to prove beyond doubt our concept works. We're tracking along nicely and with each new well there's been a steady increase in performance and invaluable data. Bringing these wells online and into production is a key step and further evidence that this concept will work at full scale......having 9 wells online in phase 2 is where we'll start to see a larger % of this value unlocked imo, as the market starts to gain confidence and understanding.

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Witch indeed …

Fair enough jak. No way of knowing what the market will do with the share price along the way. Mind you, I don't think many would have thought the market would have done this little given where we are now. So my guess is we've all got it wrong so far

Hopefully, a prospect of future near term production can muster a little more enthusiasm and belief … "if and when" … $25 mil MC looks awfully puny! : ( (in a market short of gas)

Kip

Last edited by Kipper01: 29/11/18

RLE Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
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