I've watched RLA for a while, and I like seeing their oil products in stores. I haven't bought in yet, but when/if I do, I have told my girlfriend we will be a Redisland oil only household.
Now. With that out of the way, I was looking forward to the half yearly report to help with my decision to buy some RLA. I was prepared for the loss and knew why it was coming. I didn't much care for the admission that they would be seeking funding from - well. Who knows. But it wouldn't be good for whatever shares I buy.
So, unfortunately, I will now wait even longer. At least until I find out the details of the capital raising. And RLA aren't a mining company, so they can't just release a fancy core sample or anything like that to boost the prices.
I like the company, and I think that once they put their disastrous US expansion behind them and focus on areas of proper growth they can be profitable, but not just yet. Not just yet.
RLA Price at posting:
1.2¢ Sentiment: Hold Disclosure: Not Held
