RIL 0.00% 0.3¢ redivium limited

placement update

  1. 1,377 Posts.
    lightbulb Created with Sketch. 17
    Request for further extension indicates the following:

    1 - the company (HNR) is confident that the Share price is undervalued, and hence has engaged with Shandong for another period of time

    2 - The recent surge in price is less likely to be related to speculation on the funding

    3 - the wording of the announcement suggests that management have complete trust in shandong's ethics.

    Early days but can't be disappointed with recent events.
 
watchlist Created with Sketch. Add RIL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.