RNE 16.7% 0.5¢ renu energy limited

Hi Guys Still plenty of buying support with the sell side...

  1. 1,045 Posts.
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    Hi Guys

    Still plenty of buying support with the sell side looking a lot weaker now with a clearer path through to 2c . Small sell orders again on the close to pip this down as well, next progress announcement should see us clear of these levels in my opinion.

    Still cant understand how we are sitting at a 11 million dollar market cap with the assets and cash backing the company currently has, not to mention the stored tax losses.

    A couple of articles worth a read


    http://reneweconomy.com.au/chile-solar-auction-sets-new-record-low-for-solar-pv-85114/
    If only our government could get their head out of the stone age and look to the future to fix the current elevated power prices

    https://www.power-technology.com/news/sterling-wilson-build-500mw-solar-pv-plants-australia/


    Cheers GB
 
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