RCP 5.00% 10.5¢ redbank copper limited

Yeah nice, it kicked a bit I was watching it when it went up 33%...

  1. 137 Posts.
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    Yeah nice, it kicked a bit

    I was watching it when it went up 33% , and then checked after you posted to see it had gone up 66%, and now back down again, but still 33% up. I just don’t understand buying now, given the consolidation that is coming. As a new shareholder , wouldn’t you wait until December ?

    Would current shareholders with decent voting power buy more to stop the dilution to their votes?

    Could anyone explain a few scenarios of the current situation with this stock and any pros and cons of buying now vs waiting? I’m still very much learning and would appreciate anyone’s thoughts on this.
    Not looking for advice on buying. Just trying to learn a bit here from experienced posters.

    I just figured if I bought now my holding would be diluted in no time due to the consolidation. Am I missing something really obvious here?

    Any comments welcomed

    Cheers
 
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