RLT 0.63% 80.0¢ renergen limited

At the moment it's a game between the buyers and manipulator....

  1. 41 Posts.
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    At the moment it's a game between the buyers and manipulator. People want to accumulate as cheap as possible. The manipulator wants to keep the stock as low as possible without having to offload much volume. There is only so much stock they can offload before they start selling down their position and the game costs them money. Each RLT rally to date has been only a few weeks and on no big fundamental catalyst. That is about to change in a huge way.

    - Drill results + resource statement due in Q1 - $5 valuation on 8BCf. Drilling for 344Bcf.
    - First sales of Cryovacc confirmed.

    There is no chance in the law of supply and demand that if RLT find 8Bcf at 2%He they wills stay under $5 a share. It simply isn't possible. Even if someone dumped 15,000,000 at $3 and gave it everything. That's only $45M worth of stock at less than a $400M valuation. Lindt, Gazprom, Sinopec, BP would take their stock happily.

    The next news is supposed to be the drill results + resource statement. I'm confident we are less than a few weeks away from new all time highs.
 
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Last
80.0¢
Change
0.005(0.63%)
Mkt cap ! $24.26M
Open High Low Value Volume
80.0¢ 80.0¢ 80.0¢ $29.73K 37.17K

Buyers (Bids)

No. Vol. Price($)
1 13733 79.5¢
 

Sellers (Offers)

Price($) Vol. No.
80.5¢ 19540 2
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Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
RLT (ASX) Chart
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