The considerations and possibilities - This is a strong vote of confidence in the company by James, it is serious money. - This removes a large parcel of shares from retail circulation, as such more power to the board. - This indicates that a capital raise is NOT in the near future, If one was James would simply wait. - This indicates that a news event of substance is nearer than any possible capital raising event and James wants cheap shares. - This indicates that the capital raise is a part of the news event and will be contained to the substantive event only. - This could be seen as of interest and I hope he has a legitimate strategy in place.
I am actually in favour of the purchase because it reflects strong confidence, sends that signal and indicates progress, possible near term news and respite for shareholders. RED
RCE Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
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