RNU 2.33% 8.8¢ renascor resources limited

RNU - Summary as at 24 Feb 2018, page-5

  1. 589 Posts.
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    Chill thanks for doing this summary I think it is wonderful. Was wondering if you had a view on the upcoming Ausmine dilution which has to take effect before any project is secure! We have to supply to Ausmine a 22% equity position to them as the final option condition. I'm not an expert in these things but the way I see it.1) if we do a buy back of shares where do we get that money from? And second option as I see it 2) if we issue shares some 125 million shares as it stands at the moment, we get dilution of 22% and we get no cash in return for the situation! I'm seeing that as it stands we get a straight 22% dilution and share price should be discounted by about .8 -1c of current share price? Do you think that the discount has already been applied to sp?
 
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