Has anyone else got their hands on the update note put out by Chess Capital? On the back of the RFE Company announcement, it makes for very compelling reading. Chess Capital place a valuation of $3-$3.20ps - I'd be very happy with that...
Also encouraged by the projected decreasing cost base, so with the gas price back around $4.00, projected margins should hold up well.
IMO the $5mill should place RFE in a very strong position to scale up production, and start delivering some exceptional revenue as commodity prices start to recover - so hopefully soon long term 'Red Forkers' will be rewarded!!!
DYOR...
RFE Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
