gotta think there will be a world of profit takers and then the AIM based buyers - given only 30m have traded in the past few days and the float of pricemakers is probably 5-10m there could be 10-20m short on AIM and they will look to buy ASX and hold via Computershare.
Smarter heads holders will look to sell heads and buy tails if the tail trade flat to the 5c.
Makes sense - if you own 1m @ 4c and the go to 10c you sell (40k in and 100k out) and buy 1m oppies at 5c (50k out). Net you have your 40k originally invested back plus 10k - a nice 25% return and you stand to make EXACTLY the same amount for each cent the heads go up. If it all turns to crap then you have $50k in the back and oppies worth zero.
RRS Price at posting:
3.4¢ Sentiment: Buy Disclosure: Held
