RNX 0.00% 0.8¢ renegade exploration limited

Ann: Gold Coast Investment Showcase Presentation, page-119

  1. 1,247 Posts.
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    Good morning Jay

    We have had a big week but don't be surprised if the steam comes out of RNX today and next week. Being Friday, we had the AGM on Tuesday, roadshow on Wednesday and Thursday and to top it off, EOFY next week.

    There maybe some positioning leading up to results but it will be a wait and see until the drilling results drop. A good time to go fishing.

    At the Gold Coast roadshow, Robert had samples on display from the drill at about 1300m. Lot's of colour in the sample including gold flecks. Robert pointed out the important colour, which is what they where looking for. This was important to me. They are on the right track.

    Also keep in mind, this is just one hole drilled to see if there is stuff there. Once they confirm that the right stuff is there, probably a more intensive drilling program would need to be done, say 20-40 holes, to establish the find. I am sure people are taking notice of what RNX is doing and watching with keen eyes. This is when things get a bit serious and sp will move accordingly. The pump and dump crew may become active then. Takeover and JV speculation will be rife.

    IMHO, now is the time to get your parcel of shares and practice patience. Patience and controlling your emotions is important to trading the ASX. Remember to practice patience. Be patient and watch for announcements.

    All this is just my opinion. DYOR.

    oooxxx
 
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