RNX 0.00% 1.0¢ renegade exploration limited

R2R, contrary to what other shareholders and traders are...

  1. 3,351 Posts.
    R2R,
    contrary to what other shareholders and traders are thinking, i am willing to put my holdings in the bottom drawer and focus on other plays. Watching the daily gyrations is getting the best out of me and i have now resorted to do some more analysis on future prospects.

    After today's AGM and email from management, i am quite content to hold on till mid-2011. They have ticked off their "pathway to production" and now have included the major trigger events [being Mine permitting and Mine design] in the process [i.e. look up the AGM presentation].

    Major shareholders [i.e. Macquarie, Glencore, management] are still holding their shares and have not sold their positions [according to latest AGM preso]...this is counter to what others have indicated and as such refutes their comments.

    Top 20 still hold 70% of total issued shares...considering the recent rise to 40cps and them not selling, this is a great indicator of OVR's future prospects to me.

    In my opinion, 6 months is not long to wait for another 100% - 200% rise.

    Projects - tick
    Management - tick
    Substantial shareholders - tick
    First nations - tick
    Yukon government - tick
    Metallurgy - tick
    Resource expansion - tick
    NPV and IRR - tick
    Continuity and mineralisation - tick
    Push indicators - numerous on the horizon

    I rather filter out the noise from the music...volatility is a friend i reckon.




 
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