RD bought his full entitlement in the RI. It would have looked bad if he participated in the shortfall process given it was underwritten by WG. But it was ok for the likes of us to participate in the shortfall.
Yes, he did flag during the RI that he would be prepared to buy on market. His way of saying he wanted more and perhaps to support the SP. From memory he bought around 250k shares on market.
Since then and with JMcB buying the SP is hovering around 18c again. Which is roughly where it was in late January when Covid was beginning to unfold and along way away from the RI price.
Hopefully this has put a floor under the SP and MJ can now deliver some news.
RNO Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
