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Any ideas where the bottom comes in for these guys...surely we do not see sub 2?? Long and scaling in from time to time. So where do you think we can expect to see maximum pain here? Any notions? Thanks in advance.
Thanks for the replies to my question but yeah still none the wiser as to how low this goes before the turnaround kicks in which I fully expect to happen at some point in H2 so I will be topping up again in the next Q as recently topped up and have a rule of no top ups more than once a Q per stock. I'm still bullish though feeling perhaps more hopeful than bullish atm but one thing is for sure...anyone picking up shares at these levels should do very well indeed if RENX can execute without to many more dilutive raises. Good Luck to all and take solace that some of the team at RENX have a history of success and that these levels are close to 50% lower than the latest raise which was of course over subscribed. No reason to sell here it's a matter of patience now and at this level if you get in you are either going to zero or you are ten bagging I imagine the latter will happen for those who are patient but only time will tell. I'll be topping up again in the next Q a few weeks from now. Best of luck and whilst it's been brutal the decline wont last forever.
Ok I have to say it's been a shocking decline in the last few months and whilst I did expect a strong pull back from 1200 levels this seems way way more than I anticipated and I'm curious to know what peoples thoughts are as to how low this can possibly go? I've been scaling in on the way down since I entered in the low 5's . I was in previously around 3 and rode up and cashed in around 12. So how low does this get and what timeframes do you think we are looking Your at until the bottom is finally in? I'm still bullish as company has fantastic potential but of course it's not without risk. I'm in for the long haul and bag holding here but will still look to scale in when I can on this weakness. Your thoughts and serious projections please.
I have to say you're really a toxic individual...I can't imagine you being happy in life based on your posts. PMSL? Really. Maybe a good time to take a good look at yourself in the mirror and ask yourself what on earth went wrong...who knows you might PMSL at your own sad existence. If you're not invested why are you here posting your toxic garbage. Get a life whoever you are and honestly do a little soul searching.
Not at all bothered with todays drop or the downtrend over the last few months...I accumulated some more shares at 4 and will do so again if we reach the low 2;s which in this current market is not out of the question. No emotion here and happy operating on a multi year time frame. Frankly if it does get down to low 2's from here it will be a blessing as can scoop up more shares at what should prove to be rock bottom bargain prices but hey even at 4 my thoughts are it's going to multibag in the years to come. So yeah nothing I'm worried about with regards to RENX. I did say a weeks back this could go a fair bit lower but it will in the not too distant future also take out those recent year highs. Patience is the key to stocks like this one...patience and having the steel to scale in and buy more when the opportunities arise. Good Luck but incredible prospects here.
Give it time but don't be surprised if the SP fall down to as low as the low 200's here as these guys are have a very high cash burn and very very low revenues but they will scale up eventually and the SP will rise much higher than the previous highs. So scale in if you have the conviction. I do and that's what I'm doing and I'm currently down 30% with my next accumulation point at 300 (if it gets there) long term...sure looks like a winner to me. Good Luck and Have Faith! Things take time.
I understand what it does that's why I'm invested and I'll be topping up at levels as this share price pulls back...thing is with this one it's quite difficult to time an entry as this can turn and never see these levels again at any point in the given months so I've been scaling in and will scale in again at 400 then 200 is it gets there. Long term this is a money printing machine with multiple streams and partners. If you don't understand this company it's up to yourself to do some research and wrap your head around what they do...if you do this then I suspect you too will also be invested.. This is one for those happy to play the long game...10 year hold. Not for penny flippers or day trippers. It's a company with a bright future for the future.
A very quiet board here indeed. I'm thinking this company look set to have a bright future but things do take time. I'll top up if she keeps dropping, next accumulation point would be the 400 level. Let's see what the future brings.
Very quiet on this board all of a sudden as of we are collectively holding our breath. I'm pretty relaxed about it all to be fair, Rome was not built in a day. We will soon find out a bit more about what's under the ground there but by all accounts it's looking like it could be good. The risk reward ratio here is potentially immense so if it's to be it will be but fortune favours the long term holder. Good Luck...news this week???
Good post...been watching and waiting on the sidelines and have finally come to the conclusion there are better places to be investing. Mr Brown did not come across well in that last interview on proactive with his geologist..there also seems to be a lot of tension between them both. I do think getting the rigs was a good idea but yeah you need to prove up fast and get things moving. So I'm out for now and if it does drop below the 1 mark maybe I can reconsider but I want to see progress and real talk about a real JV...I think Mr Brown comes across as not too bright and maybe has a tendency to be a bit of a bullshiiter.
I've held Lac for around 2 years....and I've been watching Trident for around 6 months....I was surprised to see them go for the Thacker Pass royalty stream...bold move but forward thinking. But (and do correct me if I am wrong) but I'm sure I seen in an interview recently which was discussing this LAC Royalty which Trident just bought and someone was saying LAC have a clause and can buy that Royalty back...whenever they will and that given the value of Thacker Pass resource LAC would exercise that buy back royalty clause...can't recall for how much but $13 million springs to mind. Anyway does anyone know much about that LAC clause as I'm not sure where I watched the interview but it was not with anyone from Trident in the interview...might have been Alan Green talking with someone about it. Anyhoo....I'm long LAC and keen on Trident but in no rush as funds tied up elsewhere but will look to enter at some point. I cannot see Thacker Pass being unable to go ahead..it's critical to US EV expansion. I think Trident even without the LAC tie in is still looking like a great long term investment. Any info on this LAC clause would be welcome and of course I'm recalling something I watched a week or so ago....so could be wrong in my recollection.
Going nowhere and done nothing. Another lifestyle company here..get out as looking to head sub 3 now and I cannot see anything anywhere to suggest this company has any kind of future.
LAC is still going to rise substantially this year and for the foreseeable and there are other lithium plays around as well. I'm also disappointing here with what's happening as I got into Bacanora mind 20's with a decade long hold plan which I expected many mutliples of my investment...fortunately for me I also bought into LAC when just $3 and I also own Standard Lithium which I picked up 2 years ago...still good plays out there. Recently picked up Sav after the recent offering but yeah board have really let us down here and Gangfeng will have no doubt ensured if these guys sell they will be looked after in terms of Gangfeng shares or some other "reward" for selling their shareholders down the river. Shame on them...they know they have a great asset but looks like they are happy to take a quick buck and likely a few back handers at the expense of our future profits. Get yourself some LAC or Standard lithium to cheer yourself up.
Terrible BOD here....no real ability to execute.....sales staff commission only. No real sales....had a chance to get in early and steal market share but ballsed it up. Cannot see any future here unless a miracle occurs....if you can't sell solar panels in a red hot market you are fu**ed. Take your money out of here and put in into something like RBW or Kavango if you are interested in future orientated stocks which can support the green transition.
Not convinced anything will come of this proposed new JV but time will tell. Big question remains is why when they were so close with AAZ did it not complete....yes I know the old nutty professor was told he could get better terms with the Turks if he went with them....perhaps he will. Or perhaps they will shaft him. ...really hard to say and looking back it makes me wonder if pressing ahead with AAZ would have been a better move for the company. I sold out with a healthy profit when the AAZ deal fell through and figured it might be worth jumping in again when the right time came....this in my opinion is not the right time. I'm not sure what to make of how things have been....still such early stages so anything can happen but when a man breaks a deal ....it's a warning sign to me. I'm not sure I could trust him with my money. I see this slipping below 20....perhaps then might be worth starting to scale in with small positions as lots of upside potential if they do actually get a deal inked....if this JV falls through.....well it's the end of any speculative plays on this stock for me. I wish all long term holders well here....but as you can see I'm not terribly convinced atm.
I topped up again this afternoon and getting my average down to just under £1....it's just a matter of time now before we start heading back up and hopefully will stay there this time. I'm just glad I had the opportunity to be topping up again..
I guess I'll scale in at £0.70 then again at £0.60 and will then see how the situation looks. Long term have every faith this company will come good. From these types of entry points looks like a great long term investment.
Hi Folks. longer term investor here just asking where people think the bottom might be, seems to be drifting down with the odd up day but nevertheless still heading down. Would anyone care to fathom a guess as to how low this could potentially go...I will be looking to scale in as it's drops further in anticipation of the eventual turnaround. Thanks
Nothing happening here, no word from the BOD...glad I got out a couple of months back. Good Luck if you are holding I have a feeling you will need it here.
As it says above...patience is the game here. I'm in at £1.10 and scaling in with every 10p drop...and will continue to do so. Will we see £0.70 possibly maybe but I don't mind as will be my next top up point. Further down the line, who knows when this will likely trade over £5...might be a year, might be five but I have no doubts from these levels and given enough time this stock will be a min 5 bagger.... minimum target for my portfolio...a mere 100% growth every 5 years...holding this stock makes getting there that bit quicker. So er yes....I have zero concerns with holding for the long term.