RAI 0.00% 2.3¢ raisama energy limited

Strauss, I'd be cool with that, but from observing the events,...

  1. 3,072 Posts.
    Strauss, I'd be cool with that, but from observing the events, or lack of, over at NDO / KIK, I question how long BLADE / VIKING would drag the chain to bring Cadlao online.

    The VIKING / NDO / KIK JVs are moving at glacial speed and the NDO / KIK holders are pulling their hair out.

    I also question the capacity of BLADE to provide $$$ compensation to RAI in a timely manner.

    Further, RAI has invested heavily in Cadlao, if they get just a dollar for dollar rebate from BLADE they lose the upside created from de-risking the project and moving it forward... ya know, the 6-7 mil could have been put to work elsewhere to bear fruit on other projects.

    Do agree, @ 2.5c , there is little downside. I'm happy with this one, I keep loading up, and have averaged down under 2.8c now.
 
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