what happens on 31/12/12 when rsgg expire?, page-2

RSGG will convet to RSG if the price is above 60/65c, they should be commanding a slightly higher price than RSG as they have guaranteed interest payments before then.

The only cons to them is they are not entitled to divies IF any are due before they convert 31/12/2012, and they do not entitle the holders to participate in rights / bonus issues IF any come about before they convert.

As they are currently a debt instrument that have a creditor status 'guaranteeing' payment of 60c/65c (can't recall which off the top of my head), so if the share price falls from $1.48 down to 45c you obviously won't convert to RSG but instead you get your 60 odd cents back (with interest coupons)

RSGG has always looked a better buy than RSG particularly for a long termer, for day trading not so much as liquidity is poor. Funnily enough I hold RSG and RSGO and am a long termer, I got set before doing my research on the benefits of RSGG :)