RNX 16.7% 0.7¢ renegade exploration limited

what a load of codswallop, page-10

  1. 19,156 Posts.
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    If I had known the Americans were going to force the sp down so aggressively with their new shares I would not have been buying heaps at +20c and I would have saved that capital for this level, but I didn't expect that specific game plan to unfold. Does any retail investor really know what their or even management's game plan is w.r.t capital management going forward? I was extremely surprised to see it at 15c, but there is no telling what these bot operators can get up to for extended periods with all the capital at their command. The real question is whether they are merely doing it on their own, or whether it is part of a grander capital management plan. If the latter is true then I have more than likely been well and truly stitched up and I will likely abandon the stock. But for now I have no reason to believe that, only to suspect it.

    More of issue to me is the actions that management take going forward..
    In prior years I thought they displayed a judicious use of capital, but they appear to have veered off track this year. Possibly the posts referred to above also went to THEIR heads. lol.

    As for losses - I don't need to crystallize them. All my tax dues are booked at lowest of cost or market. The main thing I am concerned with is that management can build value for me going forward. hopefully this year is just a blip.
 
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