You mean how the 24c target can happen? If you read all of my posts, I did increase my initial SP target from 16c to 24c after the SP reached 52 weeks high at 5.9c last week. The trading on 17 Sep ( 6m shares changed hands 2m shares traded 5c+) indicate If the transaction is successful, the SP should be much higher than 5.9c.
What happened already far beyond your reckon, but for me it is just the very beginning of the change.
I cannot explain all of my researches on RNE to you, waste my time. But one thing I need to point out is the current management team and KPMG. You should understand what the current board doing and what will happen next, not always live in the past. The company appointed KPMG to provide the M/A service simply because it expect to maximize the $76m tax benefits , may be only KPMG can assist to achieve. So if the M/A happen, the partner should be a quite large scale company. I am not surprised the MC of the new company will break $100 million in future. RNE shareholder could maintain 30% interest of the new company at the beginning.
Whatever, just IMP DYOR .
RNE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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