Talk about being transparent with your strategy to trash a share on low volume trades, I think we now know who paid the £7.34 What kind of person want shareholders to lose money just so they can get their cheap entry point, not a very nice one I suspect.
Perhaps the fact that so many small Australian investors sold their "unmarketable parcels" recently should be taken into account with the lack of activity. I suspect that most of those now holding are in for the long haul and are holding fast like the rest of us awaiting the many developments that will be coming in line with this presenation :)
I brought from 12p down to 3.5p the first time around then sold to get my cash back at 8p leaving a free carry. I then brought again around 6p and sold all including the free carry between 8.5p and 9.5p.
It wasn’t a straight forward by and sell. I was lucky that I sold during a mini pump when the price went up quickly with no news as that gave me a head start on the 2nd investments.
It was a gamble, it was clear that the onshore assets would be sold, I thought by way of merger, I didn’t at the time think Touchstone could raise enough cash.
It always seems to be, someone waiting in the sidelines to buy RRL and take the price up, yet it never happens. I guess it should be “I hope that someone is in the sidelines”.
To make a statement such as this comes with the assumption that you are smarter than the person in the sidelines. In practice with RRL this has not proven to be the case as inevitably he / she buys lower than you.
I suspect that this will continue to be the case for the foreseeable future at today’s POO and RRL not prepared to talk about economics of production.
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