Thank you aventurine. It has been an interesting watch to observe recent activity. If there is a need for capital ( entirely reasonable assumption) then the company would likely set a discounted buy in. Those with an interest would like the share price as low as possible before the discount is applied. The company, on the other hand, would benefit less from that and could possibly manage by release of information that stimulates a SP rise in a timely manner. There may be other reasons for the slow information release for example on: Children's hospital trial results, RAT test agreements, new orders or follow up orders.
My lesson learnt is that for share price to drop by approaching 50% since September reflects, in part, profit taking (me included) but isn't necessarily an indication of a problem with company fundamentals.
- Forums
- ASX - By Stock
- RNO
- Ann: Investor update November 2021
Ann: Investor update November 2021, page-26
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RNO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online