RHK 0.00% 78.0¢ red hawk mining limited

counter offer bid, page-166

  1. 1,489 Posts.
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    Optimus I agree with you. Posters on this thread went crazy as I did at the early stages when we MMK put in the TO bid. Everyone was yelling and screaming that it was too cheap and they were yelling and screaming that another counter offer from RIO would eventuate. My post "RIO will not bid" came under severe attack, I was criticised for basically trying to give another logical opinion that was against everyone else's hopes. I said from the very start the offer by MMK was very good and in my view fair based on where the company was at prior to the offer. I sold half my shares at that point and then sold my remaining shares only recently but luckily for me prior to all these headaches with MMK. I did that because I was beginning to worry that the risk reward favoured a sell.

    People who say they are in it for the long haul what does that actually mean? Is the long haul 2 years, 5 years, 10 years or indefinite? We had another poster buying at 0.23 thinking about making a quick profit hoping things would quickly return to 0.30. Risk reward calculations should always be conducted prior to buying especially when you know there are issues in the air. IMO all buying after the MMK issues started last week was silly and basically a toss of the coin in hope which is a very risky way to invest.

    FMS has a lot of potential there are no arguments with that but sometimes small companies like this simply cant realise their full potential because of many factors. I really hope for all remaining shareholders that the MMK bid returns to the table after the 12/7 and that way everyone can be happy.
 
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