canmex takeover of rrs, page-71

Morrijo,

I can only give you a ''what if'' sort of an answer.

I will focus on the fpo sp because as we all know,

for the oppies to get over the wire, the sp has to move.

the oppie arb is changing daily and if not for fears of illiquidity could be considered cheap at the moment.....IF..and only if..we actually get AIM listed mid to late Sep.

As we all know , we get a months notice then the sp might be 120c to 160c

Now they say that its gonna happen this time and even named the nom-ad in the quarterlies (quarter-lies?)

The main difference in the belief factor this time , is that the co doesn't want to miss out on the 70mil that it will collect from the oppies ex-ing.

Now PL hardly makes a move without LK pulling the strings and according to my finnies lg bug , RA and LK are rumoured to have had a falling out.

Could it be about underwriting the oppies?

Both LK and RA dumped out of rrs and rrso in May .

My guess is that they have come to disagree about a final pump and dump because finnies is now publicly listed and will get cut out of the future fund if it plays cowboy games as it had been doing prior to their listing on the asx.

If the argument ended with a ''no can do'' , I think that the sp in mid September may be in the order of 100c to 125c thus putting the oppies in the money, but not enough for most to economically ex.

It gives credence to the company's continual '' yes the options will be in the money'' as well.

My guestimate re options that will be ex-ed , even at 95c is 22 mil contractually and otherwise.

So in a nut shell, if you want to buy options, they invariably react hours to days after the sp.

They are very mature now.

You seem to see decay daily.

If we get an intent to aim list very soon (coupla weeks)

you will get some oppies action.

Key to the aim is announcing the CPR.

My hopeful bet best case gut feeling scenario, is intention to list, Aim news

last week of Aug/ First 2 weeks of Sep.

Just enough time for a little aim share price updraft.

I could be out by six months if synical, but I really feel that they are deadly serious about getting their 70mil

This is just me thinking out loud and will entertain reasonable argument to my thoughts that I base on stuff

Regards rupe.

good luck with your decision.

All decisions differ and its great to hear others points of view.

Most here have done ship loads of research...

Range aint no 2 hr no brainer that for sure.

One thing that is for sure ....jurasic oil.... next year

None of these little 80mil bbl plays either......

Come back in a year perfectsludge 850% more like it.