For those of you who invest with an eye to fundamentalt, I read several newsletter updates on REG this weekend.
The best news is that Brent and Joe from Exploration Insights are buying REG based on last week's drill results. As well, IKN did another in depth look and confirmed REG's Top Pick status.
I won't say much about the details given the info is proprietary, but one thing both write-ups reminded me of is that in spite of all the great drill results they have been pulling, REG hasn't even begun to drill what they see as the most favourable targets because they did not yet have the permits. Well, they now have the permits, so look for that drilling in the near future.
But the next catalyst will be the revised Resource Report, due out next month. That said, this one will not include their latest drilling, including the new breccia style mineralization they revealed last week.
And next year will also bring a PEA, taking REG to the stage where the same management sold Antares for a big payday for themselves and investors, including me.
Be aware that they will likely raise more capital in Q3, as they usually do.
LC |
