TSXV:RHT.H - Post by User
Post by
narmaron Oct 11, 2017 8:50pm
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Post# 26802231
Today's announced PP
Today's announced PP
Today's announced placement is IMHO a very positive milestone. I don't even think retail will get any part of this. Also, the terms announced today are very favourable and show tremendous confidence in Reliq's future.
As a long term investor that is very much vested in the success of this company, minimizing dilution is always my preference. However, being cashed up will allow Reliq to fire on all cylinders and accelerate potential growth.
The worst thing a company can do is turn away or delay interested customers because it doesn't have the resources or bandwidth to be working on additional projects.
Do not be mistaken here friends, there is no doubt that Reliq is getting interest from potential customers after locking down the PAZ and RGVACO agreements (approx. 36M CAD annually).
I personally wouldn't bet on the share price going down from these levels. We might trade a few cents lower as normal corrections after strong moves are to be expected. However, it will be short lived IMO.
Trade wisely and good luck to all,
narmar