Perhaps the biggest confidence booster in the update was that they are already in discussions for third party debt funding of the pipeline. Bankers and their peers do not get out of bed to consider a funding job without security. The fact they are in provisional talks suggests they see their participation as low risk and they have confidence in the project albeit conditional on key milestones being met. That being sustainable flows and independent certified reserves.
RLE Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held