Accumulated losses and CR two different things. What can do you...

First 3 Last

Share
Profile

Follow
Hottin

6,997 Posts.

463

04/07/19

17:27

Post #: 39377059
Share

Originally posted by LowryMike ↑

This has to be the ultimate irony - they are struggling to fill a piddly $1.5m CR at 3.6 cents and have extended it 3 times (so far). Market price has been well below the CR since it was announced . . .

Director who owns around 13 million shares buys on market at 3.3 cents (tiny investment of $9k). Why not just pay the extra $800 and take them at the CR price they want retail holders to pay? Is he taking his full entitlement at 3.6 cents? If so, that's around $80,000 - how does it make sense to buy another $9,000 worth at 3.3 cents - would bring his entitlement buy down from 3.6 cents to 3.55 cents, wow.

What odds of a 4th extension to the CR?

Someone correct me if I'm wrong, but doesn't RNT have close to $40.0m of retained losses on the balance sheet?

If correct, then a $9.0m mCap at 3.6 cents is a scary thought. The company is far better in the hands of someone who could apply those losses - value might be $15.0m just on that basis. They came into the ASX on a backdoor listing and will probably go out the same way.

Expand

Accumulated losses and CR two different things. What can do you with losses if you don't have a profit??

I understand you are negative about RNT coz you do not hold and your sentimet is sell so why would you waste time discussing RNT?

RNT Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 2.7¢		Change 0.000(0.00%)		Mkt cap ! $23.02M

Open	High	Low	Value	Volume
2.7¢	2.7¢	2.7¢	$2	73

Buyers (Bids)

No.	Vol.	Price($)
3	300000	2.6¢

Sellers (Offers)

Price($)	Vol.	No.
2.7¢	145922	1

View Market Depth

No.	Vol.	Price($)
3	300000	0.026
2	1100000	0.025
2	71000	0.024
1	30000	0.023
1	200000	0.017

Price($)	Vol.	No.
0.027	145922	1
0.029	114693	2
0.030	311980	2
0.032	21537	1
0.033	89000	2

Last trade - 09.59am 21/07/2025 (20 minute delay)

RNT (ASX) Chart

Accumulated losses and CR two different things. What can do you...

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Accumulated losses and CR two different things. What can do you...

Top Stories

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News