Please refer to posts on RNI for my opinions and those of others concerning mutual possibilities.
Speculation of course but it could point to a better future for both companies. ------------------------------------------------- RNI POST
All makes sense to me SM.
Good reasoning.
NRR have around $4m in the kitty and are running on the smell of an oily as far as their burn rate is concerned.
Their new appointment makes sense and indicates they are getting close to a very exciting deal which should greatly assist in the Company's future. IMO.
The NEW Directors of NRR are certainly not fools and I'm sure they have contemplated that the SP of RNI will be significantly higher in due course which could facilitate their plans going forward. For that reason I consider that it may be a good bet to be in both camps.
RNI has huge upside with a little effort and good fortune and it has the capacity to comfortably process NRR's Au and Cu if the ground yields economic grades etc.
So, it makes sense for RNI to control NRR's ground and for NRR to share in the overall joy.
As a joint shareholder I am feeling more comfortable about their somewhat symbiotic future.
Medium term should be interesting and the RNI Quarterly in the short term may bring to light some very interesting prospects!!!
Fingers crossed.
NRR Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held