RNX 10.0% 0.9¢ renegade exploration limited

Ann: Acquisition of the McCleery Copper-Cobalt Project, Canada, page-33

  1. 18,866 Posts.
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    Maybe a 1c close tomorrow? Half expect it to cross trade at 1.2c shortly after market open to draw in more buyers at 1.1c then a sudden dump down though 1.1c and a 1 share markdown to 1c on close again?

    DJC client orders have always proved 'prescient' to me when it comes to upcoming news. Would be a stretch of the imagination to imagine more corporate action valuing the assets at zero in the circumstances but would not surprise me due my many years of experience here. Imagine the worst possible scenario and then you will still be surprised. As I have pointed out prior: I am of the view that the stock is not yet 'in the right hands' to allow a positive rerate. Hence negative re-rating will continue and if they run out of stock to sell it down with, more will simply be issued.
 
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1.0¢ 6045200 11
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