RNX 0.00% 0.7¢ renegade exploration limited

Never mind the question of why the Yandal will be drilled again...

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  1. 17,111 Posts.
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    Never mind the question of why the Yandal will be drilled again given the model was totally wrong and yet astonishingly still getting advice from the same source!
    Never mind the question of when/if that mooted 2nd campaign will start given 'results by Christmas'!? As if.

    I think it explains the 'prescient' heavy selling (yet again!) in the last week.

    Somehow I doubt that recent placement will be the final placement that is used to send the SP to all time lows for a dilution.
    If the SP ever starts to rise past 1.5c again I would no be surprised to see a sudden discounted issue at 1c again and those issued shares immediately drip fed to the market to set it back to less than half a cent for another dilution. Almost as if that placement money gets recycled?..... Lucky the recipient's identitiy wasn't hidden in a nominee account or one might get suspicious!

    How exactly can you build a company/business or a loyal shareholder base like this? But maybe that is not the end game. Maybe the ongoing admin fees are the important bit.

    All this squabbling over getting the company at one address or another for what: the fees? and nothing seems to change.

    Every single time I think I might switch to a buy sentiment I get an instant sucker punch! No wonder this remains one of the lowest caped companies on the ASX. Going.... going.... gone. but how much can be squeezed out of it until the final bell?
    Last edited by asteroider: 26/10/18
 
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