Originally posted by Sharetrader78
I wouldn't recommend anyone to load up in the OA's that can't afford to exercise in 6 weeks ..
I'm certainly planning to exercise my lot but may well be tempted to sell a few over 6c in the ST
I do slightly disagree with you jak.... yes we haven't had major volumes as of yet as I'm sure many investors just dipping in the toes currently or sitting on the sidelines ...
but at the same time since SB came out with-
“Our Windorah Gas Project is very much on track with a number of commercial developments progressing concurrently. Interest from industry for gas sales is growing, and we are seeing significant interest from a number of groups keep to provide funding to build our pipeline and connect into a sales channel at Santos’ Mount Howitt gas gathering facility
we haven't had many holders wanting to dump HUGE amounts of shares as well and I think they are kind of doing the same and sitting on their hands and this has seen the buyers chase the shares up from 10c to 14c
just look at the latest depth chart...
that to me screams hey you want a large number of shares then you need to step up and attack the offers the biggest sellers are @ 15c then above this is very gappy not much sitting on offer when we do get a major ann. I think we will see 3-4mill vol move us towards 18c interday
ST, agree with that, however we're just not seeing buyers willing to step up and wipe everything under 20c (which is still criminally low for where we're currently at).......they know the drill.......wait for things to cool off after a decent announcement and let the sellers come to them. RLE has a very strong history of this pattern. This time around management need to get cracking and deliver the goods, not just "ifs ands buts or maybes"........only once the ink has dried will we get the re-rate we deserve IMO.