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

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Kipper01

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26/02/19

12:29

Post #: 37570521
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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.

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

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