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90.0¢ renergen limited

Mate, I’m not sure if we would be doing an IPO on the NASI if...

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pickagoodone

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16/03/23

09:33

Post #: 66793693
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Originally posted by Fat Harrys Cat: ↑

Something is wrong. Very wrong.
I don’t know exactly what but, when a company with good quality in-ground assets that has commenced sales (in our case, LNG) and has clearly got expenses under control is sold off like stale fish, there is something wrong.

My theory (and I could be completely wrong here) is that it is geopolitical in nature.
Here we have a major SH that is Chinese. We also have a company that is producing an essential product needed by the USA. The USA will lend cash to scale up development of Phase 2.
BUT; look at the recent expressions of bile and venom by the USA against China. The USA might not want to fund something that comes partly under Chinese control.

I am open to hearing other explanations for the selloff.

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Mate, I’m not sure if we would be doing an IPO on the NASI if that was the case.

That said, we are nowhere near the SP required to undergo this exercise so i have a feeling it will be delayed until next year.

Hope i’m wrong.

anyway, spreading my cheeks for another day of being rimmed.

RLT Price at posting: $1.56 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 90.0¢		Change 0.020(2.27%)		Mkt cap ! $27.29M

Open	High	Low	Value	Volume
88.0¢	90.5¢	88.0¢	$6.6K	7.336K

Buyers (Bids)

No.	Vol.	Price($)
1	550	87.5¢

Sellers (Offers)

Price($)	Vol.	No.
89.5¢	2	1

View Market Depth

No.	Vol.	Price($)
1	550	0.875
1	5952	0.840
1	750	0.700
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.895	2	1
0.910	5000	1
0.990	1578	1
1.030	6000	1
1.050	42490	2

Last trade - 13.53pm 18/10/2024 (20 minute delay)

RLT (ASX) Chart