Ann: $5m Placement to Advance Windorah Gas Project, page-62

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nursery

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02/03/19

21:02

Post #: 37632483
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Originally posted by Kipper01: ↑

@jakspara and @nursery I have a question for you both and I would be interested in a genuine unemotional view …..

From this point on, notwithstanding the fact the share price is going to experience a rugged few weeks, maybe a month or so?, it would be hoped there would be no need for additional cash raising this side of reserves estimates being given.

Even with this scenario, do you both think the future outlook for shareholders is that bleak even after reserves are given? Or, are you both thinking this is all a farce and they'll have no reserves at all? …. or other?

… jak, you have written that unless the reserves figures (assuming there are some) are very good and what's more, on the high side (my words, but your sentiment) the share price will go nowhere. nursery what do you think of jak's opinion here?

Do you both really think RLE would still not be worth having if they come up with reserves, because if they do, money raising from then on is likely to look very different to the recent past, is it not? I'm trying to establish if your ongoing posts will have longevity with your actions, or it is just short term anger and frustration only to be replaced later on, perhaps. jak you have made a pretty clear declaration a day or two ago you are out and that is that (save for a few hundred OB's) … Yet you continue posting

I agree with you both this CR is a veritable killjoy of the first order. But I am also harbouring the thought that if Real has a producing very large field here, there is going to be a lot of money made from it.
….So where are your real fears …. management, or that this field will be a goer?

Cheers,

Kip

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If I didn't believe the field had potential I would not invested in RLE. My beef is the financial management shortcomings, their timing and the dilution we are suffering without being offered the same deal as a "payday lender" who will make a short term gain at our expense. I am also disappointed that this is happening so soon after a similar episode.

I really am an angry old man. Dud me once it was my fault. Dud me twice and it is unforgivable.

Last edited by nursery: Addition. 02/03/19

RLE Price at posting: 11.0¢ Sentiment: None Disclosure: Held
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Ann: $5m Placement to Advance Windorah Gas Project, page-62

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