RNX renegade exploration limited

Im okay with the cap raise as it means they are doing something...

  1. 1,925 Posts.
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    Im okay with the cap raise as it means they are doing something hopefully.

    I think its imperative that whatever amount they think they need to raise, they must chuck on an extra $600k to
    1. Get a mining executive with exploration experience on $350k for a 2 year contract to run Yandal (with performance shares to be paid at 5 cents 10 cents and 15 cents for 20day averages). Someone who has actually done successful exploration and give us the experience the board clearly doesn't have. (glorified accountants with some finance experience aren't proper mining exploration executives)

    2. Use the other 250k again for an experienced mining deal maker on contract for a farm in at the Yukon to get us 4mil up front and 30% free carry to decision to mine. Again bonused by performance shares at 5, 10 and 15 cents on 20 day averages) and then we can actually move this anchor along.

    Lets not do a crap raise which lasts for one small drill campaign find nothing go back to hiding in the shadows for 10 years working on other company projects.

    This is your chance Robert to show you have the capacity to lead an exploration company and deliver results, maybe its the last one you'll get if it doesnt deliver.
    Last edited by watchitgonow: 01/10/20
 
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