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.
RNE：multibagger target in next 6months, page-77
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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
| Last trade - 14.54pm 26/08/2024 (20 minute delay) ? |
| RNE (ASX) Chart |