RNX 0.00% 1.0¢ renegade exploration limited

nov 3 trading, page-17

  1. 3,351 Posts.
    Asteroider,
    the facts.

    1] Resource has increased 77% since 2009
    2] Overheads are lower every quarter with increasing percentage of expense on delineating a bigger resource
    3] Two open pit resources instead of one factored into operations
    4] New intersections in Andrew, Darcy and Darin deposits all within 2km
    5] New SIGNIFICANT resource upgrade due
    6] OVR's share price has rerated from 5cps to 30cps and moving upwards
    7] Management has indicated numerous times about releasing announcements as and when it is due.
    8] Aksier exited based on his risk/reward protocols. Nothing to do with the fundamentals of this stock.

    Spec company? OVR is a near term development company that has an economically feasible two open pit, near surface, high grade deposits in a pro mining district. I would not rate it as a speculative junior.

    Everyone makes mistakes but what is important is that they have pushed on with their exploration initiatives, got the excellent results and moved on. It is the manner in which they use the capital that is raised that should be held in question...did it boost the enterprise value of OVR via discoveries and resource upgrades or paid for exorbitant wages with no significant upside? The allocation of capital is much more important in the grand scheme of things.

    I seriously hope investors do their due diligence and see the value.
 
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