Firstly they killed the SP momentum. And al the same time they...

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21/03/19

10:36

Post #: 37835215
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Originally posted by djwally ↑

Gee there is a hell of a lot of negativity on here about the Options at the minute. Sure i'm holding some options as well and i wish the OAs had been simply extended. THanks to the ASX for that. lets just add it to the numerous ways that the ASX shaft us retail holders!

But I think folks are failing to see the forest from the trees. Thanks @TShirt for trying to bring people's focus back to the massive news that is expected in 4-5 weeks. As i understand it, all the data is now in and is/has gone to the independent assessors to prove up the reserves. We are very likely to see a re-rate upon that news in 4-5 short weeks that will see the heads, and the options do a massive re-rate. Gee i like seeing numbers of 60-70cps. Are you really going to still be complaining that your OBs took a temporary dip? Yes you only converted 2 out of your 5 OAs but if they are worth approximatley 20-30 times what you are paying to convert them to OBs will you still be complaining? I for one think that if the OBs retrace for what is plainly shortsighted reasoning, they will be a very good buy. And the best thing is that your new OBs will still have a shelf life of over a year and so you will also get to take in gas sales, pipeline, farm-in, additional wells. I think even at a 2:5 ratio, its still going to work out well for OA holders because they have such a longer shelf life. all IMHO.

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Firstly they killed the SP momentum.
And al the same time they killed the OA value which was on the money.
Now they’re trying to screw up OB holders.
Tell me who’s got no financial IQ in multiples

RLE Price at posting: 9.6¢ Sentiment: None Disclosure: Held
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Firstly they killed the SP momentum. And al the same time they...

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