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Yeah let's see a push to 1.50 or1.60
because high demand here as well as Australia
On what basis?
expecting another 25% rise today
Currently 2.8c or 1.6p on asx
I think we may not get any news before xmas, any good or bad news will be in the new year that's what I think
Update before Xmas or after ?
Swify, I have banked all I have here I dont have any knowledge about this company but I am following the man call KENETH BAKER if he can throw something like £350k GBP he must know something
HI Bongobondhu, did you buy in ?
Baker hoovering and hasn't finished buying yet
Or even good news
Whats he up to but must be food news for SP another rise coming ?
Above
If you buy back in you could still expect a good return ? There's always a risk, but there have been big buys even at 1p . As always DYOR
I’m frustrated too. Sold all my share at 1p after holding since the puntland days. Looked a good sell at the time as cash is only worth .45p a share. Watching with green eyes now
Release Date: 09/12/20 17:05
Summary: Change in substantial holding
kenneth Baker bought other lot of shares 5 670 917 ... FIVE MILLION SIX HUNDRED & 70 THOUSAND MORE SHARES .
SEE THE LINK BELOW
https://newswire.iguana2.com/af5f4d73c1a54a33/rmp.asx/6A1011705/RMP_Change_in_substantial_holding
The only news i heard is ,
We HAVE Kenneth Baker bought 500 Thousand Australian dollars worth .32.5 million shares .
We HAVE Hartleys Euroz Broker bought 3.5 million shares @ 2.1c AU in the last 7 days .
We HAVE Kenneth Baker on a number of stocks that has multibag.
We HAVE posters talking of (This will be rocketing to a minimum of double 100% of what the it will be trading at when news comes.!)
make sure you're keeping an eye on the dilution . Key is timing if you wanna get out by end Jan. Seen it and been burnt by it too many times since Puntland. 3 1/2 ...4p sees me right . good luck folks
nice to see something happening here after being dormant for so long this has been in MY bottom draw for a while now, still need 5p before I make anything tho lets keep going !!
cash at bank is £2.5m; market cap is £6m - listing status cannot be worth £3.5m
If they have loaded up close to cash per share and based on the little amount available, I think it would be a rapid process and fairly cheap, no?
sold half of my small holding here. been waiting to get out. another RTO worth watching is ORM, with mcap around cash at 5m and expected to rto into large tunisian oil asset (ex circle oil) per recent rns. to be confirmed 17 Dec
good luck all
hi...i don't really givs s**t about that, i just want my 3.5 / 4p and im outta here
If this is an RTO Isn't it a very expensive way to take another share public. An IPO wouldn't cost more than a £1m would it? RMP now has a market cap of over £8m. Unless the need is just for speed and someone has to go public very quickly I don't understand why this approach would make sense?
"He will need to place usually around 4p so my guess is double or treble from here"
I agree that lots of buying took place in Oz and there aren't many shares available on the market.
My money is still on a RTO but unsure what it would the sp in this case.
May I ask why you say that "he needs to place usually around 4p"?
TITM