RLE 0.00% 2.0¢ real energy corporation limited

Ann: Trading Halt, page-84

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  1. 5,015 Posts.
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    OW, if you have a chance give SB a call (maybe a little busy taking other calls though today i suspect lol!!). May put your mind at ease as it did mine. A small raise for some immediate funding requirements and to shore up the books whilst negotiations take place. Testing/reserves very much on track but expected (as we originally suspected) after OA expiry.....simply extending the OA date wouldn't provide required short term funds. Miffed that sophs get such a deal (again) and will no doubt hold the sp back in the short term, but i guess the alternative rights issue to existing holders requires higher fee and time constraints. Was not expecting this at all and I'm as sceptical as the next guy/gal.....Time to go walk the dog down the beach and get some fresh air.

    IMO
 
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