RLT 0.00% 95.0¢ renergen limited

RLT CHART, page-1165

  1. 564 Posts.
    lightbulb Created with Sketch. 86
    Lol nice 1. He bought shares when it was already known phase 1 commissioning was Q4. Then he digs up the dusty prospectus and complains about the timeline being late.

    Timelines estimates are very similar to cost estimates. When an estimator makes an assessment they work within certain error bounds based on the best available information at the time. Timelines become more accurate the further you travel along the timeline, as the uncertainties fade.

    Initial drilling for resources is about as uncertain as it gets in mining. Not only for what may be found (which RLT was very successful with) but also the difficulty of the drilling, which did cause some headaches and delays for RLT.

    You chuck in a global pandemic which nobody anticipated and I'd say we stuck to the goals of the prospectus pretty well all things considered.

    MAT is right about 1 thing. In the eyes of most, the company is unproven until we get revenue and the PFS.

    Except this is what makes being an investor so exciting right now. I have very little doubt that we are in for some company defining events over the remainder of this year which will prove the company to the doubters and put a rocket under the SP
 
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