Let's just say ' in the millions '. But I know things are on track when I see my brokers set and play ' algo ' running rampant on the sell side to no avail in the background. Very dangerous moves when you clearly have no appetite from long term holders wanting to sell anything.
And when we have Top 20 holding splitting the balance of power with retail at more or less 50% with no further change of substantial notices coming in from our esteemed Mr Patrick John Volpe- Remember that Volpe is also a substantial holder in Queensland part copper play Discovex ( see my earlier post regarding this connection ) . One has to then ask themselves what's potentially behind the 300 plus million in shares which have changed hands since it all started around 15th February 2023. ( which is when I posted my first post this time round on this stock..... Post #: 66257606...... )
So roughly 30% of the Company's script has changed hands and we're not really even out of the gates yet.
Keep in mind that between him ( Volpe ) and founding Director Mark Wallace's Sierra Whiskey's Top 20 holders combining now for over 15% of the Company's script , there has been no evidence of any of the other remaining Top 20 holding under 5% moving to 5% or over.
Couple these observations with the fact that again as per my analysis in ( Post #: 66381947) , that Sovereign Metals Limited hadn't appeared to sell ONE SINGLE share at the time of the Annual Report and is set to receive another 10 million on the 24 month anniversary of the Carpentaria JV on 21st May 2023 , and you have additional indicators that SOMETHING may be set to go down further on this play.
Especially when a Vending shareholder in the project who could have sold out some of their position as early as August 2020 had elected to retain their holding as they potentially move into 3rd position in our Top 20 with 35 million shares......
So I would be a little concerned if say Volpe was to reduce or Sovereign were to report some sales of securities in their next Quarterly - However in absence of this , you would have to think that collectively our Top 3 including a Director who are potentially holding 20% of this stock ......, and who are NOT selling at this time is at the least a significant indicator of something potentially waiting in the wings from a ' Corporate ' linking up perspective of further deals once we establish a significant find.
Not sure about claiming Asteroider as the Renegade savant here as most of his / her comments were erring towards negativity and almost down ramping in nature. That was until he seemingly chucked a hissy fit and wanted ALL his posts on HC removed dating back to his beginning comments. Then all of a sudden he is not anywhere to be seen. My guess is that he sold and has missed out on this more definitive move in the stock. Just goes to show you that sometimes you need to be more ' SILENT ' ...... in what it is you're trying to achieve with your stock market plays.
But certainly HC and social media is not the place to openly broadcast what you are generally doing , or which stocks you are stalking.
And because there are no brownie points or special monetary recognition given to providing your research , and with most of the time all you are getting is negativity and trolling sarcasm dispensed in your direction for others which totally puts you off. This is why I am purposely pulling back and choosing NOT to contribute as much and to reserve my comments and research unless I absolutely feel like doing so.
In this case with respect to RNX I am making an exception , ..... namely because the forum is relatively new , with new participants , I have elected to do so. But I am not going to commit in the same way as I had done on one of the forums I started with on HC.
I have many positions with numerous stocks , but have limited time and less limited want or ambition to contribute these days. , and in fact on most have never contributed at all. And not that I am old by any stretch at just under 60 years , but this social media caper appears to be more a young person's game ......You know , the ones who cut and paste but don't really knowing anything of any substance with regards to investing. These are the same ones who don't really know how to connect the dots. And I'm not here to teach them ...or be used in this manner.
So a little advice to asteroider . Rather than ask for ALL your posts to be removed from HC , why not just go about your business and simply NOT post at all going forwards. Because posting doesn't achieve anything really. Self gratification maybe , but nothing that would change the direction of a stock price. Sooner contributors realize that , the more time they will have to find the opportunities instead of perhaps overtrading their positions which are based solely on momentum and nothing else.
Have a great weekend to you all. I'll be enjoying a bit of brunch somewheres as well as my footy as always......
RNX Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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So roughly 30% of the Company's script has changed hands and we're not really even out of the gates yet.Keep in mind that between him ( Volpe ) and founding Director Mark Wallace's Sierra Whiskey's Top 20 holders combining now for over 15% of the Company's script , there has been no evidence of any of the other remaining Top 20 holding under 5% moving to 5% or over.Couple these observations with the fact that again as per my analysis in ( Post #: 66381947 ) , that Sovereign Metals Limited hadn't appeared to sell ONE SINGLE share at the time of the Annual Report and is set to receive another 10 million on the 24 month anniversary of the Carpentaria JV on 21st May 2023 , and you have additional indicators that SOMETHING may be set to go down further on this play.Especially when a Vending shareholder in the project who could have sold out some of their position as early as August 2020 had elected to retain their holding as they potentially move into 3rd position in our Top 20 with 35 million shares......So I would be a little concerned if say Volpe was to reduce or Sovereign were to report some sales of securities in their next Quarterly - However in absence of this , you would have to think that collectively our Top 3 including a Director who are potentially holding 20% of this stock ......, and who are NOT selling at this time is at the least a significant indicator of something potentially waiting in the wings from a ' Corporate ' linking up perspective of further deals once we establish a significant find.Not sure about claiming Asteroider as the Renegade savant here as most of his / her comments were erring towards negativity and almost down ramping in nature. That was until he seemingly chucked a hissy fit and wanted ALL his posts on HC removed dating back to his beginning comments. Then all of a sudden he is not anywhere to be seen. My guess is that he sold and has missed out on this more definitive move in the stock. Just goes to show you that sometimes you need to be more ' SILENT '...... in what it is you're trying to achieve with your stock market plays.
But certainly HC and social media is not the place to openly broadcast what you are generally doing , or which stocks you are stalking.And because there are no brownie points or special monetary recognition given to providing your research , and with most of the time all you are getting is negativity and trolling sarcasm dispensed in your direction for others which totally puts you off. This is why I am purposely pulling back and choosing NOT to contribute as much and to reserve my comments and research unless I absolutely feel like doing so.In this case with respect to RNX I am making an exception , ..... namely because the forum is relatively new , with new participants , I have elected to do so. But I am not going to commit in the same way as I had done on one of the forums I started with on HC.I have many positions with numerous stocks , but have limited time and less limited want or ambition to contribute these days. , and in fact on most have never contributed at all. And not that I am old by any stretch at just under 60 years , but this social media caper appears to be more a young person's game ......You know , the ones who cut and paste but don't really knowing anything of any substance with regards to investing. These are the same ones who don't really know how to connect the dots. And I'm not here to teach them ...or be used in this manner.So a little advice to asteroider . Rather than ask for ALL your posts to be removed from HC , why not just go about your business and simply NOT post at all going forwards. Because posting doesn't achieve anything really. Self gratification maybe , but nothing that would change the direction of a stock price. Sooner contributors realize that , the more time they will have to find the opportunities instead of perhaps overtrading their positions which are based solely on momentum and nothing else.Have a great weekend to you all. I'll be enjoying a bit of brunch somewheres as well as my footy as always......
(20min delay)