re: Ann: Conditional sale of RUN Property and...
The news isn't out, a quick check of WOTNEWS says that nobody knows other than those who care to look at Price Sensitive announcements, then again who would look at RNC announcements considering their track record of announcements being squarely limited to crapping reporting season results.
One thing that does raise an eyebrow is that they say they have net debt of $20 million when in December they said they had $35.6 with NAB - how does NAB walk away from $15 million? This was not at all explained - can someone enlighten me? Perhaps this is what is holding back the price from going higher?
RNC Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
