The price of RFE at Christmas was 75c. Its now 69c.
Essentially its hardly moved in 6 months. Why the sudden panic? It will be extremely well supported at this price.
All Ords was 4850 at Christmas and is now 4850. Again hardly moved.
The main price correction occurred August > Dec 09. profit taking? who knows.
While RFE keep increasing production, drilling more wells and ultimately increasing reserves, I can not see the price going below 60c. (previous highs/resistance now strong support).
I was an investor in Sunshine Gas from the start and saw it ebb and flow (50% pullbacks) many a time over 4 years.
I invest based on fundamentals and the fundamentals have not changed here.
The price of RFE at Christmas was 75c. Its now 69c.Essentially...
Add to My Watchlist
What is My Watchlist?