Yes, we need news, things are looking shoddy on the charts, and the Ivanhoe deal and lack of news very recently in a generally tough market are the key reasons in my view.
I am not sure I agree with you though @Puttinfordough The company has until very recently has kept the market well informed.
We had progress updates 2 and 30 May. Quarterly 30 June, which was then revised with updated disclosure items 13 July. Gandalf anoucnement 30 June.
Gas introduced into plant announcement 11 July.
That is a solid newsflow, remembering that some JSE announcements did not make the cut for the ASX by the looks. I do not think the non-announcement of these is on RLT.
But I 100% agree that the newsflow has dried up since the Ivanhoe deal announcement. This is where the problem starts. Most people expected production to follow rapidly after 11 July announcement - which is a reasonable expectation - and if not, why not? Ivanhoe has compounded disquiet.
News required.
Cheers
KK
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