RNX 0.00% 0.9¢ renegade exploration limited

chart, page-36

  1. 18,914 Posts.
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    I am not so sure 10c will act as support. Clearly this is still being too heavily traded and all the capping above 11.5c indicates this will likely fall back and trade between the 9 to 11c range.

    An astonishing 11.7% of the issue traded in the last 20 days, little top20 movement and 75% in the top20? Something dodgy still clearly going on.

    I think OVR will be stuck on the rubicon for a while yet. hope I am wrong. A disappointing rerate for a company with such a strong top20, cash and substantial project backing.

    I was hoping to identify a shareholder on the register that I could co-invest with in future, and I thought that might be Officium, but the constant high volume on this stock over the last few years with little top20 movement is a big red flag for me.

    There is clearly someone on this register I want nothing to do with again.
 
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