jak, As a backstop arbitrageurs will pick up the OA's near the...

First 44 Last

Share
Profile

Follow
Kipper01

5,308 Posts.

156

26/02/19

12:29

Post #: 37570521
Share

Originally posted by jakspara ↑

Originally posted by Kipper01
Cheers jak,

Make no mistake, I'm with you totally on the OA vs OB discussion and I have many more as a proportion of the total. Simple fact is, and I firmly believe it is possible without saying it will happen, the shares could hit 20 to 30c within weeks and what a screamer the punters might enjoy for taking a risk. Of course holding them all the way to that level takes another level of courage or stupidity (!) … but there you are... clear.png The market is clearly slowly coming on board and that is all we needed .. clear.png

Kip
On the flipside we could just as easily drift back to 10-12c if management don't capitalise on the momentum. The market has shown very little desire/strength (don't read too much into the buy/sell depth IMO.....gone are the days, these are just ASX casino smoke and mirrors nowadays) to chase to shares. OA's could still very well end up worth zilch if we don't recieve anything of genuine substance in the coming few weeks IMO. 6-12 months time is when i see the real action starting and thats when the FPO's/OB's will shine. Although it'd be great to see the funds from OA conversion i don't think it's a necessity now given the recent commentary/announcement and therefore wouldn't be holding my breath on an extension.....yes the funds would be attractive but let's not forget dilution at 12c is another factor to be considered if there's genuine interest from bigger players willing to pay up longer term.

Expand

jak,

As a backstop arbitrageurs will pick up the OA's near the end I'd be reckoning as long as they can get 'em a bit cheaper to make a few cents on the conversion. So e.g. 14/15c out of the money? It's a game that could play out 'til the last minute …

Kip

RLE Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 15 more messages in this thread...

First 44 Last

Add RLE (ASX) to my watchlist

jak, As a backstop arbitrageurs will pick up the OA's near the...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Tambourah chases gold veins and mineralisation extension with drilling

Featured News