RSN 0.00% 10.0¢ renison consolidated mines nl

massive sale price of 45million, page-4

  1. 733 Posts.
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    Wow sandune, you sure have some venom flowing on this one. Personally I have been a shareholder for ages, seen it go up and down. I don't like seeing the price where it is but have a different perspective on what the company has left after the sale goes thru. $10M is very handy, though I would have been happier to see the full$45 at the transaction rather than over 18 months. So be it, that's the deal done. Don't agree with your 3 cent comment - why?One , 3c means a mkt cap of $10M. Two, Agate Creek has 400k ounces and has shown through exploration to grow. Another 9000 metres should add to that. (In any event TGM was sold for $100/oz of resource). Three, the NEC holding has a value of about $5M today. If it was such a dog then Agate might be worth $50/ oz.
    Do your numbers and work it out for yourself.

    Thanks for your comments but think you are wrong.
    Anyway I don't want to sell. Patience works for me.
 
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