RNX 6.67% 1.6¢ renegade exploration limited

In my view it's the lack of information announced which causes...

  1. 3,097 Posts.
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    In my view it's the lack of information announced which causes doubt in the market.

    Whilst they did state the hole would take around 6 weeks, they didn't say they weren't going to tell anyone anything until after they stopped drilling.

    A few crumbs along the way may have helped - if there were any to announce.

    But the fact there has not been any info at all announced really (apart from we are seeing what we expected) makes me lean towards them having some good stuff and they are trying to do what a major would do - basically drill it and then announce the full report to market.

    The SP action is testing, but I will see this through to a result.

    If they are to drill more holes, then raising more money at a cent does not appeal as it will be very dilutive again - so very much hoping they have their eyes set on much higher levels in due course - along with more government assistance.
 
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