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0.1¢ renu energy limited

I hope we dont get a blood bath though... We need that term...

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Simonn

3,359 Posts.

427

22/11/22

12:21

Post #: 64915186
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Originally posted by Kirpa: ↑

It doesn't matter what you think RNEO is worth. The market values it at 1.6c now therefore a 1 for 1 free option with a 6c raise gives a net entry of 4.4c. The term sheet clearly states it's a net 4.4c effective entry price. Basic math.
No doubt there will be a lot of placement holders selling the heads at 6c to 6.5c and free carrying the option.

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I hope we dont get a blood bath though... We need that term sheet solidly bound and then we can be expecting 12-15 cents which wouldnt be a big ask...

Last edited by Simonn: 22/11/22

RNE Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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