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2.0¢ real energy corporation limited

Ann: $5m Placement to Advance Windorah Gas Project, page-8

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Kipper01

5,308 Posts.

156

01/03/19

10:05

Post #: 37616099
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Originally posted by jakspara ↑

Looking more than likely now, the lack of commentary not a great look for the OA's. Quite possible they decided to sell off the extra cheap shares and negate the hassle of the application process entirely. No gaurantee the ASX would approve an extension under the circumstances and given the large amount of shares/OB's about to be printed would be a hard slog getting them back in the money by July anyway (and to think just days ago we had holders preparing to convert). Oh well, at least corporate costs and salaries are safely covered for another year or so now.

"we are grateful for the support shown from our existing shareholders"........

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Yes jak, I would have liked to have seen a reference to the OA's extension... Not very reassuring one has to say ...

RLE Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
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