Let's not kid ourselves, the only real value in RNE are its accumulated losses of $354M.
It's tax value roughly around $100M for any profitable venture.
Not just a small profitable venture but one that generates a significant profit.
So discount the value by 50% to say $50M and you have a potential market cap of $50M or an SP of 50c, so yes a potential multibagger.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.815M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $66 | 26.74K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
41 | 32798408 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 6739285 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 27026295 | 0.002 |
19 | 30179926 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 6739285 | 12 |
0.004 | 6247243 | 8 |
0.005 | 1290494 | 4 |
0.006 | 5396233 | 2 |
0.007 | 3381088 | 3 |
Last trade - 14.54pm 26/08/2024 (20 minute delay) ? |
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RNE (ASX) Chart |