RE: SP4 Mar 2020 15:12
Duke you really are a strange one.
I was approached earlier by a contact wanting to know if I wanted to sell my position for 2.25p when the price was lower. I said no. I told them the price I would sell at, which is much to the North of here. So when I refer to someone sniffing around for cheap shares that is what I meant. Hey Presto! Shortly after I said no, some buying starts. Them buying the market has moved the price up. If they had found a seller then the price would not have moved up.
With regards to a placing: it would seem that you are fixated about placings. If you keep saying one will happen then eventually you will be right. Placings aren't always bad news, it depends what the purpose is. If the purpose is to pay salaries and expenses then that is not good but if the placing is to fund new assets then that is a good thing.
RGM will at some point be acquiring new assets: which ones, when and on what basis, I have no idea and neither do you.
DYOR