I wouldn't say zero chance!! but from my past experiences the longer the suspension the worse the impact.
however those 2 companies I saw it happen too didn't have the same potential as RER and I wasn't invested.
If there is a problem with the Loan Financing Facility Agreement and the Strategic Relationship with Tembo we could be in trouble. In saying that lets not forget Tembo is one of our largest share holders and there founder is on our board, plus the wording of the announcement suggests not in so many words that its likely an extension of funds/partnership - does not make sense to me Tembo turning there back on us after the progress that has been made and being so involved with RER
"During this extension, both parties will agree on new terms and it is expected that further funds will be provided to Regal in the form of a convertible loan facility".
The SP in my opinion is more a sign of the times, commodities are very weak and IMO will stay like that for some time.- I still think RER are well positioned to pay off in a 18 month / 2 year time frame - we just need to make wise financial decisions and for no one to pull out (TEMBO)
Stay the course Gentlemen
IMO we are not done yet.
NZC Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
