In the meantime , you can read this bit of research ......and...

In the meantime , you can read this bit of research ......and NOT just pumping of raping. Just plain factual information and observations you can make your own assessments on.

I think the almost better indicator is to look to the seemingly timely and coincidental recapitalization of the long suspended Comet Resources and its proposed acquisition of GLENCORE's Mt Margaret copper tenements package.

So not only did they ( Comet ) announce this around a month earlier than on DEX did on the 16th September 2022 with their Tru North including the Exco's previous Round Oak tenements package - , there is obviously a lot of OTHER similarities in timing and even more important concurrent issues like those of the interesting ' associations ' which seemingly are ' bubbling ' away in the background of the Queensland Copper and mining Industry and Australia's ' Copper Royalty '.......

So we know that the timings are interesting on the front end because BOTH of these other proposed acquisitions and capitalizations occurred within a month of each other.

And through these TWO deals , we also know that any subsequent decision vis a vis shareholder approval or prospectus timings in regards Comet is set to be decided upon by around April 2023...... We also know that GLENCORE made an out of left field decision to rather graciously ' excise ' 100% of the Mongoose tenement to Renegade outside of the existing terms of their 75 / 25% Carpentaria JV .

So one has to ask why did they do this ? And why did they do it while these other TWO proposed deals are seemingly hung up in their own bureaucratic red tape processes with the ASX. I would say because its ' Advantageous ' for Renegade right .....

And so we know that GLENCORE is involved in at least TWO of these THREE Queensland Copper posturings THREE if you count the fact of the association of the Round Oak tenements to that of the also formerly held EXCO.

But most importantly I see this additional ' Recapitalization ' of Comet Resources. being Pivotal with to Glencore's obvious intentions to both elevate and leverage a gratuitous re-rate for RNX as well....... And this is the ' Angle ' that I am coming from at the present moment with regards to an Investment in RNX.

And I say ' Gratuitous ' because if BOTH Comet' Mt Margaret package through MIM, and DEE's True North Copper deal which are valued at circa A$56 odd million and circa A$59.1 million respectively. Then when they ultimately come on stream in April & May , wouldn't it then make more sense for them that RNX DOESN'T crash and burn and potentially drag down these TWO seemingly well planned and timely re-listings would it......

And I don't think these valuations which are indeed very close to each other in ' Valuation ' are by just a mere coincidence.

So gets even more interesting when you look closer at the recapitalisation valuation of the Comet Resources deal because not only is Glencore lending Comet $27 million for 3 years to assist in NOT diluting its proposed raising further and to assist it in satisfying a big part of the upfront environmental bond liability of A$32,341.20. So effectively Comet will issue A$27 million shares in the IPO at 20.0 cents and only now need apply the difference of their Glencore loan and the bond out of the proceeds raised.

Glencore's A$27 million 3 year loan interest will accrue based on the current bank bill swap rate + 900 basis points and will be secured by first ranking security over ALL MMM's ( Mt Isa Mines - subsidiary of Glencore ) , and Comets assets.

Glencore will also receive for its undertaking to Comet a 2% Gold , Copper & Silver 2% net smelter royalty for the life of the Mt Margaret Mine as well as 10 million 5 year from time of issue 30.0 cent options issued to Mt Isa Mines.

So it's definitely worth having a look their proposed prospectus with almost 49% of the proceeds raised being applied to Glencore's loan interest , the projects environmental bond , and the Qld offset surety , with around 34.5% left for expenditures on existing project , new projects , and working capital and the remaining 16.9% on expenses of the raising and stamp duties.

So Comet is forecasting to re-list on the ASX on 13th April with DEX holding its shareholders approval meeting in April with a lifting of suspension likely for sometime in May......and now Renegade with its Singapore conference planned for April as well. So it ALL seems very well planned indeed. Now ALL renegade needs to do is ratchet up and appropriately align its SP and valuation off the back of some highly expected good copper and gold results.

And what I particularly like about these THREE deals ( including Renegades excise of its Mongoose claim approved by Glencore ) is this :- a.) ALL three of these deals stem back to parcels previously owned by Exco and which transacted like I said in my previous post for many hundreds of millions of dollars 7 or 8 years ago in a previous bullish ' Copper ' cycle.

and b.) with respects to the Comet Resources Mt Margaret copper acquisition , if you research into it , it had $124 million on previous project development and infrastructure by Xstrata when it acquired it from Exco in 2011 for $175 million. Mining then commenced in 2012 and shortly after that , Xstrata was acquired by Glencore on May 2nd 2013 which subsequently shuttered the mine in 2014 as copper went into a bear market and has been on care & maintenance ever since.

So you can see from ALL of this , that it would be in not only Renegades interests ....but ALSO Glencore's interests to have a ' Robust ' lead up to BOTH these other Copper acquisitions , recapitalizations , and re-listings.

Ok , so moving on from all that project analysis and convenient timings . What I find almost more interesting is when you look into the movements and composition of Renegades' TOP 20 holders and how some of this fits rather conveniently into the timings of the earlier announcements of these TWO acquisitions of Comet Resources ( September 2022 ) and DEX ( October - Nov 2022 ) .

So then when you look back to the RNX substantial shareholder notice of 28th October which highlights the change being made on wait for it.......the 17th October or virtually the exact date of when DEX CONFIRMED that it was in TALKS with FOUR potential deals concerning a ' Portfolio of Copper Assets ' which didn't become known until 28th February 2023 when the actual acquisition of TNC acquisition ( True North ) and its Round Oak tenements including Taipan and Great Australian actually became known.

So this ' Substantial Holder ' was really effectively taking a punt that it had something to do with Renegade. Because if you look at their increase in holdings of 14,400,000 shares , you can pretty much reconcile the amount ( less 200,000 shares ) which were purchased between the dates of 7th October and 17th October being the trading halt of DEX.

So then when you look closer at this substantial shareholder move, it becomes even more intriguing because this holder ends up being none other than the Chairman of another Western Australia mining outfit SI6 Metals Limited Mr. Patrick John Volpe.

So he is the largest shareholder in SI6 with 10.27% with Discovex Resources Limited interestingly being their ( SI6's ) 2nd largest shareholder with 2.75%.

The bit I find revealing about this Discoex connection short of anything else from I can find from the Volpe in connection , is that Discovex's primary and most marketable asset would have to be its connection to CNB's Greater Dutchess Queensland copper discovery with its ( Discovex's ) 17.5% free carried position on decision to mine and where CNB if they want this interest , Discovex can insist its 17.5% be obtained at ' market value ' . Should CNB forgo its first right , Discovex can dilute its 17.5% to 5% whereby it automatically would receive 5% calculated on market value from CNB.

So I really think this connection of Patrick John Volpe with his increase from holding 37,100,000 to 55,500,000 PLUS his connection through one of his Top 20 holders being Discovex is ALL ABOUT THE COPPER speculation going on in Queensland.

So then if you start looking closer into Renegades Top 20 holders like I have , you begin to see a bigger picture when you see that many of the holders are like reading the Who's Who of Australia's Mining prospectors and boutique stock brokers.

So after Volple who would effectively be our N EW No. 1 holder now ahead of our own Director Mark Wallace's Sierra Whiskey Pty Limited , you've got Mark Trent who is the Senior Advisor at Dolphin Partners who had also done an 11 year stint as private client advisor at Paterson Securities Limited as well as Terrain Securities , Gillon Securities , and Bell Securities before that. He of course is Renegades 4th Largest shareholder at 21st September 2022 with a holding balance of 25 million or 2.81%.

We then have Michael Zollo sitting in 5th or 6th position who is at Baker Young as an equity advisor and before that was at Taylor Collison Stock Brokers . He's got 22 million or 2.47%.

After Michael we have Zabina Minerals who's owned by none other than Western Australia's renowned and illustrious prospector Scott Wilson who has had years of experience in identifying quality projects including the Andy Well discoveries through Doray Minerals halcyon days back in 2009.

We also have the Partner and founder of Richfield Capital Management L,P Robert Ellis . Richfield of course are a boutique asset manager , hedge fund and commodities trader where prior to Roberts 18 year 5 months at Richfield as Managing Partner was Vice President at Goldman Sachs for 4 years and 3 months from May 1989 to July 1993. And we know how ' Bullish ' Goldman's is on Copper plays so no doubt he would have a lot of remaining contacts with them as well.

Then if the Grant Michael Goberts is the same Michael Roberts Geologist who heads up the Geophysical ' Groundsearch International ' then he is the Top 20 holding sitting in equal 17th spot with TWO others including Gecko Resources Pty Ltd with 10 million shares each and 1.12%

Gecko is an intriguing one because there is not much on who owns it until you do a proper search. But when you do , you find that it is under the control of a Mr John Santul who is another Geologist and is a Consultant for Institutional sales and Metals Mining research Argonaut Corporate Finance and Stock Broking and who was formerly Associate Director of Macquaries Global Resources Team where he was involved in numerous roles.

And After Gecko we have our very own Robert Kirtlan with his Ark Securities & Investments Pty Ltd with his mere 8,014,285 shares for point 9 of a percent of the Company.

So I guess from ALL of this analysis one could be forgiven for getting a feel here that the Mongoose project which as you can see by the below pic is ONLY 2 parts to the WHOLE of the three tenements which conveniently SURROUND the DEX ' Round Oak ' tenements from its True North acquisition which just conveniently covers the

most prospective portion of their acquisition which contains the previous Great Australian , the Taipan , and the Paddock Load pits , deposits , and previous infrastructure.

And so one also has to ask why would Glencore choose to out the EPM 12597 claim tenement OUT OF the approved ' Excised ' Mongoose surrounding claims of EPM 8588. Was it because they STILL want to provide some protection to Renegade or assurance that they are still by their side when markets eventually and potentially escalate around these potential resurrected Queensland Copper plays.

I guess we'll find out , but certainly the ' Risks ' on this play look better than odds of a 50 / 50 Diamonds or Duster as claimed if you do your research.

Especially when you compare and factor in that the Great Australian and Taipan had been estimated with a historical JORC of 2,134,000 tonnes @1.54% Cu and .13 g/t gold for the Great Australia project and a further 1,460,000 tonnes at .80% Cu and .1 g/t gold PLUS a separate high-grade cobalt Measured, Indicated, and Inferred JORC cobalt resource containing a combined 9.15 Mt at 0.23% Co (21.20 kt Co)

And the Comet Resources Mt Margaret claiming a JORC open-pit Resources of 13.0Mt at 0.78% copper and 0.24g/t gold with >95% in the Measured and Indicated categories with a near-term production potential across 2 open pits which are already pre-stripped.

I guess the real question then becomes for Investors who may be looking at RNX and are interested ......is when will we , or should we expect to see ALL this play out on the SP. And that's why I guess you have to do your research. And because its NOT all about ' Twitter ' comments by the Company.