RMG 0.00% 0.7¢ rmg limited

trading halt capital raising, page-7

  1. 2,986 Posts.
    Tend to agree bomba, whilst it doesn't look like a CR to all holders, I guess that means we don't have to put our hands in our pockets either & if the funds raised help us get to the 'promised land' then I for one don't mind being swept along in the big boys slipstream. Going on past performance, I'd expect a discounted price cap raising (normal in these more austere times) & then the share price to rise. From memory, the last CR was done at 1c when we were at about this same price (1.3c) & very soon after trading recommenced it zoomed to 2+cents & settled at about 1.8c. On this occasion I'd expect to see much the same though we appear to be in a more promising position given what I read in the latest company presentation. With the euphoria that broke out on world markets last night given the Euroland resolution & the 2.5% GDP figure from America (no double dip there), metal prices took off big time. We may well be approaching a sweet spot where zinc prices are up, Century is looking for product and we prove up significant reserves - yippee!
 
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