RMP 0.00% 1.7¢ red emperor resources nl

Phew - looking good, page-253

  1. sv
    3,149 Posts.
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    Guys, been chatting with some shareholders in UK.

    the general view is the number of shares on LSE is much higher than ASX and LSE should set the direction for ASX to follow in terms of $. In order for any arbitrage to be as small as possible, the closing price on ASX should be about the same as on LSE with LSE setting the direction.

    that logically says RMP currently should be around 12 cents Australian. We may perhaps finish at 12 cents today, that way I expect smaller movements for the next 3-4 days with a massive build up after that.

    The results are expected in 6 days time, and assuming they are positive, as seems the noises now, look out. will be many bags gain, the ones holding will be rewarded the most, like today has shown. If you held yesterday, you are up 100%. If you bought on open today, small decline today.

    And exactly opposite will be true, if in fact it is a duster, so dyor and each to their own.

    luck all.
 
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