RNU renascor resources limited

Ann: Notice of Annual General Meeting/Proxy Form, page-42

  1. 2,374 Posts.
    lightbulb Created with Sketch. 1154
    Hi Names little

    Yes we agree, RNU has plenty of money. BRU is going broke.

    Fortunately RNU can pass another year by with little change to their cash balance. Allows them to capitalise when the time is right and get the best deals for the company and shareholders.

    Meanwhile, BRU is burning through 10% of it's market cap every quarter! No wonder they are doing cap raises and down to 3.9c. Not good for shareholders.


 
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