RNX 6.67% 1.6¢ renegade exploration limited

how can we get rid of glencore?

  1. 18,827 Posts.
    lightbulb Created with Sketch. 157
    Glencore ought to know full well the capital requirements for exploration and development of this resource, so it is stunning that they chose to destroy the market cap of OVR.

    Short of the directors finding a third party to take over their stake, OVR could be stuck at 10c for another year.

    Clearly we cannot rely on this dodgy Glencore behemoth as a partner in this venture, so we must get rid of them.

    Any thoughts as to how to do this, esp how to prevent them from using their stake to further destroy the value to other shareholders in a T/O or discounted placement or debt issue?

    I wonder if management are taking steps after almost a year to sort out this issue. I can see no sign of it.
 
watchlist Created with Sketch. Add RNX (ASX) to my watchlist
(20min delay)
Last
1.6¢
Change
0.001(6.67%)
Mkt cap ! $20.48M
Open High Low Value Volume
1.6¢ 1.6¢ 1.5¢ $73.24K 4.797M

Buyers (Bids)

No. Vol. Price($)
2 827947 1.5¢
 

Sellers (Offers)

Price($) Vol. No.
1.6¢ 271232 2
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
RNX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.