Ann: Becoming a substantial holder , page-4

Hi Guys,

Bank of America are real vultures imho, and like to short weak stocks to make their bucks, by pushing down the shareprice.
They did a great job with PLA using the same strategy.

But what are their plans with RSG?

RSG is no PLA who is running in trouble because of production issues at its platinum mine in South Africa, neither is it running out of cash, like PLA is.

So what would BOA wanting to do with RSG?

In which way do they want to make money from this investment?

We all know that RSG is ramping up production and has enough cash in the bank.
We also know that they are making heaps of profit of around $1000/oz, and will be producing 400,000 oz this year.

The goldprice is strong at around $1,740/oz and the US$ gaining strenght vs the A$.

Could it be that they are planning to go long on RSG?

The strong upside trend, and increased turnover of the last few days, would certainly point into that direction.

BOA could well be the mistery buyer of those big parcels that has gone thru the last few days ;)

Interesting times ahead

jojo