RHM 0.00% 30.5¢ richmond mining limited

time for a new 52wk high, page-24

  1. 2,453 Posts.
    lightbulb Created with Sketch. 32
    Exactly! You'd have better luck buying stock on eBay lol

    Low liquidity can work in a company's favour.

    1) shareprice goes up a whole lot easier, and re-ratings take much less time. This is what we are witnessing now

    and,

    2) when the time actually does come for a capital raising to soph or insto investors, stock can be issued at a PREMIUM to the market price! The reasoning being that an insto would need to pay much higher prices than even the premium price to build a significant position in our company. I've seen this done many times to great affect and such a raising would not need shareholder participation but would certainly have their/our support
 
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Currently unlisted public company.

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