Hi guys,
Below I have posted my view on a perception that has been pushed for the last few weeks across RRL/RRS boards, regarding RMPs AIM listing. Now please read the post in full before jumping the gun, I am definately not negative at all on RMP, just the perception written about below.
I have not yet purchased any RMP, but with new funds due shortly will be purchasing some RMP any day now to add to my RRS holdings.
Would like to hear any views on this matter from current RMP holders.
This theory of RRS being under pressure from people selling RRS to buy
RMP upon AIM listing is complete bulldust! IMHO.
Its a numbers game pure and simple. On what planet does any
significant selling of 1.9 Billion shares go into 150 million RMP
shares, for RRS to be under any pressure from this scenario, so called
swap over volumes would have to be 100-200 million RRS, now my guess
is RMP would probaly double in price on a mere 20-30 million turnover,
maybe much less. Now who would be still interested in swapping RRS for
RMP at 60-70c or 90-1.00, It basic maths supply and demand. RRS will
not be under any pressure from RMP listing at all IMHO, any swap over
volume will be dealt with in a day or two.
Those shareholders who are truley interested in a decent size parcel
of RMP, have already done so, lets not kid ourselves here, AIM holders
can already purchase on our market through their broker, and AIM
holders are already well aware of RMP high leverage high risk
proposition, the case for AIM holders buying on mass upon AIM listing
dose quite add up, as most can do so now.
I will be adding a small parcel of RMP early next week, less then 5%
of my RRS holdings, but wont be selling any RRS to fund RMP purchase,
would have made the move earlier but had no funds available, and to be
honest would like to take a larger position, but I am just not willing
to sell any RRS to fund RMP purchase at the moment, I may do so if
conditions allow depending on scenarios in the future.
Now I am not saying RMP will not have a successfull AIM listing, I
believe it will with expected news due to coincide with listing, But I
totally dispute any rubbish of RRS holders selling on mass to fund RMP
purchases on AIM listing.
Cheers
jamit01
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Last
2.0¢ |
Change
0.001(5.26%) |
Mkt cap ! $11.50M |
Open | High | Low | Value | Volume |
1.9¢ | 2.0¢ | 1.9¢ | $1.326K | 66.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 621857 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 0.017 |
2 | 790000 | 0.016 |
3 | 799995 | 0.015 |
1 | 500000 | 0.014 |
2 | 115469 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 621857 | 2 |
0.021 | 409999 | 4 |
0.022 | 1256968 | 2 |
0.023 | 37000 | 1 |
0.024 | 1073500 | 3 |
Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
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