Simply broker coverage I think as funding has been done recently.
I have burnt some hours researching news announcements and web site , studied long and hard RLE.
I ve come to the conclusion that it’s extremely well placed for a re rate upon successful results. I believe the management have taken every derisking step possible along the way with tam 2&3. I have been on the sidelines waiting for them to sort funding out, now is the opportune time for entry.
I believe from all that I have read that there is a very high chance of success here , therefore placed an order tonight for another 100k , I will also take a punt on 100k RLEOA when my UK broker pulls it’s finger out covers them. Emails sent
This has real blue sky potential with possible company making news within days all from a tiny market capitalisation. If proven commercially then market cap could be x2 within hours of the announcement.
Downside is a possibility but limited as they will get another shot with tam2 , but upside is absolutely massive make no mistake.
I like the risk reward here, I mean it’s a well judged spin of the wheel
