RLE real energy corporation limited

Communications from Management?

  1. 202 Posts.
    lightbulb Created with Sketch. 38
    I'm interested to hear peoples thoughts on the communication style from SB?

    Personally I find the way RLE often blow through stated timelines without updates to be frustrating. For example, in their mid-July announcement they clearly state Connor 1 re-entry within the next month. Yet since then, we've had zero communications of substance (nothing but PowerPoints about hydrogen dreams etc). Are they mobilised on site? What's their timeframes now?
    Missing stated timelines is one thing, but doing it without providing a market update can be misconstrued as a warning sign. Particularly given how long RLE took to come clean about Windorah flow results. They have form here...

    I now this is a spec play only and I am prepared to lose my initial investment (already sitting on a loss), but geez they can be frustrating. Hopefully there will be an update on Venus this week.

    GLTAH

 
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