the Blue Gem report released today also has many errors and inaccuracies
- assumes dilution requirements of up to 364,285m shares. This is based off a cap raise (most likely from Nasdaq) to fill the gap of approx USD$200m of the required USD $1Bn for the phase 2 plant. Assumption made that the $200m raised will be at a 10% to todays trading price. Stef has already stated that DFC will loan USD$500m, other financial lenders currently in discussion with DFC will loan an additional USD $250m and CEF will invest USD $50m...
- apart from low balling 1P and 2P reserve upgrades, the Blue Gem report also stated that 35% of Helium produced from phase 2 will be sold at spot market prices. Stef recently indicated that 50% of the helium produced from Phase 2 will be sold at spot market prices
not such a great report in my opinion apart from highlighting the huge potential upside
Bring on Nasdaq so RLT can be re rated fairly compared to peers with no proven reserves
RLT Price at posting:
$2.11 Sentiment: Buy Disclosure: Held
