We just have to wait (stating the blindingly obvious). If reserves do not meet some people’s expectations of wild estimates we may see some brief/short term SP weakness. There may be buying opportunities if this occurs. But the medium and long term fundamentals remain.
As an example, not a cross promote (but I do hold), look at PSC. Staged OFS was not as high as the market wanted and it retraced from highs around 46/47c to 33.5, ugly. But about two weeks later it hit new ATH of 49c. The fundamentals are still there. Same with RLT IMO.
Waiting patiently (ok just waiting lol).
Cheers
KK
Stefano's Tweets, page-627
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Last
69.5¢ |
Change
-0.020(2.80%) |
Mkt cap ! $21.07M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.5¢ | 67.8¢ | $70.68K | 100.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15263 | 69.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 4608 | 1 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| RLT (ASX) Chart |