All very positive fellow posters. The Henry Hub broke through its 200dma average (4.22) last night and is trading nicely in the mid 4.30's. It's long term historical average is 6.50 so lets hope it continues to gravitate in that direction. One thing worth considering post this cap raising will be the substantials released by the key cornerstones Macq and Quantum Partners (GS). They initself will be material. As per the term sheet, DVP settlement is tomorrow (Friday). We know that Quantum is good for "more than 5%" and we also know that the second tranche of the cap raising can only be approved by the shareholders at the EGM. So, if Mr Soros is thinking of taking a position in RFE between 5 and 8% you probably wont see a asubstantial until after the EGM because the first tranche in itself does not make up more than 4.9%. BUT, if he is looking at taking a bigger amount, you can assume that he was allocated somewhere around half his position in the first tranche (same with Macq). That would mean a substantial from the great man before Wed of next week. If you see a substantial - double it!! On my numbers that wont be far off where he will end up!!
RFE Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held
