"Renegade Exploration Limited (ASX:RNX) (the Company or Renegade) is pleased to advise it has agreed to acquire the Joint Venture Interest that Sovereign Metals Limited (Sovereign, ASX:SVM) holds in the Carpentaria Joint Venture Agreement (Carpentaria JVA) with Mount Isa Mines Limited(MIM), a subsidiary of Glencore plc."
People saying there is no reason for our latest pump, this is why. Most of the sellers are long term holders looking to get some money back. I bought at 1.5 cent many years ago and I'm happy to see recent gains. I won't be selling anytime soon on this latest news. Maybe the market was slow to react but I've waiting this long and I will wait some more. GLTAH.
Glencore plc are no dummies. Revenue for 2019 was 215 Billion USD and to be aligned with them in any way can only be good for RNX.
RNX Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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