RMS 0.41% $2.40 ramelius resources limited

Hi binscab, once again apologies for having a go at you the...

  1. 32,620 Posts.
    Hi binscab, once again apologies for having a go at you the other day, you are obviously a newbie.

    My only comment with your strategy is that as far as speccie gold stocks go, the only figure people take much notice of is "cash at hand". As long as the show can go on there is hope of a big discovery. That is what drives the SP, not their balance sheet or P+L.

    The bid at 47c is interesting. Usually if someone puts up a fake bid they don't go to the top of the queue in case they get hit. In this case there were only 20K at 47.5 ahead so he was serious. Why don't they buy DIO shares and get the arbitrage? However, there has been more buying of RMS lately than selling to convert to DIO, so people must have their reasons. In fact, why aren't you buying DIO shares at 81c, do you know you can convert them to 2 RMS?

    All the info is in the RMS and DIO anncmnts.
 
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