RE: Rbd buying12 Apr 2018 21:42
None of my buys filled today.
It is a tricky one Rodster and you should make your own choices, but as the premium placing was at .60 with mostly institutions and a small number of retail investors. I would think that those that wanted out are almost out now. They have taken their percentage but the larger majority seem happy to hold and wait for much larger gains.
The mms have been playing with the spread and pushing the price around but they are very quick to mark it up on any level of buying which implies there are no large sells to me.
As you say RBD has lots going for it and realistically if they do not add any further assets, and I believe they will pull another one out of the bag. Then judging by the potential of the current assets they don't need much to make todays price very cheap indeed. I should stress my limited experience with Oilies (am a tech and day trader).
I believe RBD has a lot more to offer and should be worth more than the current price. We have seen limited selling due to lack of news and those that are in profit taking some off the table but nothing really negative. The board could do more PR wise, but maybe they feel they dont need to.
They have set out what looks to be a good strategy and business model with limited risk comparatively speaking. Judging by other investors in the current projects they also got a great price. So we now just wait for them to bring home the bacon on these deals and move the profits into bigger ones.
In my view, it is likely to be a winner. It is definitely worth holding shares here and in answer to your question re should you add now or wait that is up to you. The price may fluctuate between .58 at worst and .725 in the short term but once it gets going it is likely to motor ahead. The upside potential is something to be dazzled by so I would not want to be out of it, but adding more is up to you.