RSN 0.00% 10.0¢ renison consolidated mines nl

slowly coming round the bend

  1. 733 Posts.
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    Thanks SK for your comment. To me, the belting in the last few days comes from teed-off investors. Fair enough- it has been an awful ride and my wife still doesn't know how much money I have lost. (In our house she is in charge of the nutrition,shelter mgt and religion portfolios and I have the education, sport and investment ones- LOL)
    Hopefully, people can have another look at what is going on at RSN and what assets are still in the mix.
    On a price of $45M, based on how TG seemed to be going (not great) I bet there was zip chance that the mine would deliver anywhere near that amount of cash to the company in 18 months. So I think it is a good deal.
    Maybe I am dreaming or even expressing wishful thinking, but depth looks a bit better and sellers aren't busting themselves to get out. Possibly the worst is over.
 
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Currently unlisted public company.

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