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2.0¢ real energy corporation limited

Ann: Trading Halt, page-71

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Kipper01

5,308 Posts.

156

27/02/19

12:18

Post #: 37585571
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Originally posted by phlipper ↑

They obviously need the cash now and cant wait until 15 April for OAs. Seems like plodding along with current cash reserves was not in best interest of the company, so they may be accelerating the drilling of their other prospects or preparing to place pipeline construction orders. I think it's good that the company is not waiting, especially given the lack of gas reserves and the current price of gas on the Eastern seaboard. I think we may all be surprised to the upside, bit devil will be in the detail. DYOR.

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I like your positive spin on this phlipper … I suspect management has thought long and hard about this action before taking it and they have considered it in "best interests"... (even if initially I don't like the look of it)

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

0 Great analysis

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