RDF being bought like there is a takeover offer on the table for multiples of the share price! RDF have said they are uncertain about paying a dividend. I reckon some group or other wanted to take over one of the parts of RDF, RDF could then pay out the $24m debt they owe, be debt-free, and pay out a dividend. I think they need to be debt-free, because if criminal charges are laid, and the banks are uncomfortable, it is not gonna be good.
Meanwhile, the market says RDF is a buy. I reckon it must be a wait, just because things are not looking better, and I cannot see the next ANN being a good one. The scandal has widened.
RDF Price at posting:
93.5¢ Sentiment: None Disclosure: Not Held