Olderwiser with $1.2M forecast in the bank at 31/3 they would have been gambling whether they had sufficient funds to operate the business through to the reserves certification. Looking back at reserves report releases on various companies after pressure testing it seems there can be a very long wait. Given the Shell reserves scandal a decade or so ago I imagine rules governing the independent certifiers are very strict and therefore time consuming. Our report ought to be quicker given it is the same company certifying reserves that did the initial resource certification but it will still be time consuming. Being called, gotta go.
RLE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held