RNE 16.0% 2.1¢ renu energy limited

in the news

  1. 1,462 Posts.
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    The only thing driving this stock higher is exposure.

    Nothing has really changed in the last two weeks.

    Sure they have got their cornerstone investor but that really was a given and that alone has not caused this stock to rise 35% in two weeks.

    The price has only been driven higher because of the recent spate of articles in the newspaper etc

    Don't get me wrong - I am a strong believer in GeoDynamics and think the potential is huge.. I bought into the stock about 3 weeks ago.

    So why the post.

    GDY are going to get plenty more news coverage in the coming weeks so I expect to see the price move higher still.

    - GeoDynamics MD is going to be giving a speech about their operation at the 2nd annual Renewable Energy Conference in Sydney on the 20th of this month. http://www.terrapinn.com/2003/renew_AU/

    - Mandatory Renewable Energy Target review board due to report back to the government in late September.

    - Drilling update - Geodynamics resumed drilling a few weeks back and must be very close to reaching their target depth.

    Things looking good for short and long term gains in this stock.

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Mkt cap ! $2.533M
Open High Low Value Volume
2.4¢ 2.4¢ 2.1¢ $10.08K 469.3K

Buyers (Bids)

No. Vol. Price($)
1 41400 2.1¢

Sellers (Offers)

Price($) Vol. No.
2.4¢ 41708 1
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Last trade - 14.50pm 15/11/2019 (20 minute delay) ?
-0.004 ( 4.35 %)
Open High Low Volume
2.4¢ 2.4¢ 2.2¢ 11670
Last updated 14.50pm 15/11/2019 (live) ?
RNE (ASX) Chart
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