RLT 0.00% 86.5¢ renergen limited

Stefano's Tweets, page-1341

  1. 1,882 Posts.
    lightbulb Created with Sketch. 470
    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

 
watchlist Created with Sketch. Add RLT (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.