FRA:1TN
Reveille Resources Ord Shs
ACTIONABLEMethodology gates passed
Position levels
Currenttoday
EUR 0.15
Buy <=wait / entry
EUR 0.10
Trim >=take some off
EUR 0.15
Thesis breakAn adverse EIA decision, repeated material financing delays or an equity raise t...
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Scenario-weighted conviction
| Probability | Score | Contribution | |
|---|---|---|---|
| Bull case | 16% | 100 / 100 | 16.0 |
| Base case | 48% | 62 / 100 | 29.8 |
| Bear case | 36% | 10 / 100 | 3.6 |
| Weighted conviction | 49 / 100 - SPECULATIVE BUY | ||
Top risks
- Regulatory and permitting risk for Environmental Impact Assessment approvals on Novazza and Val Vedello projects
- Pre-revenue status with no producing assets and no reported financial statements or balance sheet data
- Financing and dilution risk on micro-cap balance sheet with GBP 2.68 million raised against EUR 250-300 million historical project expenditure