Look at the fundamentals, mate! This is not just some average explorer hoping to find something and selling his venture right afterwards. Renergen know that there is helium and gas. And they have a plan how to build an LNG and Helium-business on this basis. I recommend the above-mentioned interview on fundamentals (resources, management, financing, valuation etc.)
https://mobile.twitter.com/b2binterviews/status/1356631560200609794
And it’s not unusual for a stock to retrace after a big run. Hopefully the JSE migrations will increase the volume mid-term.
In any case - what can we do on a day like this, knowing that resource updates will arrive some time in Q1? (only those who believe in the fundamentals of course)
1) Seize the opportunity to buy more at low prices
2) Maybe stop following price action for a couple of months until the big announcement is there
My opinion only though.
Look at the fundamentals, mate! This is not just some average...
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Last
72.0¢ |
Change
-0.005(0.69%) |
Mkt cap ! $21.83M | |||
| Open | High | Low | Value | Volume |
| 71.0¢ | 72.0¢ | 71.0¢ | $1.204K | 1.694K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1574 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 61 | 1 |
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| Last trade - 15.54pm 31/07/2024 (20 minute delay) ? |
| RLT (ASX) Chart |