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0.6¢ renu energy limited

Ann: Company Update, page-20

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Bakmaam90

2,821 Posts.

536

28/05/19

12:44

Post #: 38779282
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Originally posted by hazza25 ↑

It's troublesome isn't it? We all know they need cash. Yet these same shareholders are happy to collect stock on market. That is precisely why some of these small companies struggle. One big problem here is that they have been back to shareholders multiple times at ever reducing prices.
In the end though it does not make sense for any existing holder to buy shares outside the raising. Buying at $0.,064 or $0.061 does nothing at all to save your existing holding. It does add to the likelihood that RNE will not raise the necessary funds to make a success. Does anyone really think a few points of a cent is material to the actual cash laid out? We have had poor management over many years that simply failed to get things done in a timely manner. Also did not keep the market updated as to what was going on. How many quarterly updates did we get with no commentary ?
It does seem now that they are at least trying to perk market interest. They need to get their finger out and actually DO something and get it completed.
Cheers Hazza

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Having said that today so far only $118 worth... 1,934 shares traded ... whoever sold them must be bored.
I was hoping for a boost to sell a few at market to then buy back on CR... running out of time!!!

RNE Price at posting: 6.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.6¢		Change 0.002(50.0%)		Mkt cap ! $4.356M

Open	High	Low	Value	Volume
0.5¢	0.6¢	0.5¢	$1.817K	336.2K

Buyers (Bids)

No.	Vol.	Price($)
3	599402	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	4849364	8

View Market Depth

No.	Vol.	Price($)
3	599402	0.005
27	16647911	0.004
17	5586691	0.003
12	5816586	0.002
3	3300004	0.001

Price($)	Vol.	No.
0.006	4849364	8
0.007	3103122	5
0.008	3245791	5
0.009	1709176	2
0.010	6159432	3

Last trade - 16.10pm 11/07/2024 (20 minute delay)

RNE (ASX) Chart