re: paying up as yogi predicted
Small cap, I'd love to know why the rerating of RFE has occurred at this time. It could be part of the renewed interest in coal/gas projects which got a lot of publicity on ABC TV recently. Maybe a big player such as Lehman Bros is sniffing around again but why place a big order and then not snap up what was on offer on Friday? Perhaps someone is playing a pump and dump game with us but, like you, I reckon this stock has real potential. Since there are only 56 million shares and 19 million 20 cent options, it does have a tiny market cap. But it is earning dollars and claims it will have 15 wells tied in by the end of the year. Each well should produce for about 10 years. I'm keenly awaiting details of their latest quarterly sales. Meanwhile, I'm continuing to hold my options. The options don't expire until April 2007 and ,with 20 cents to pay, should be well and truly in the black by then.
RFE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held