BRB 0.00% 47.5¢ breaker resources nl

What this is saying to Asculpeous is that the stock is "in...

  1. 37,613 Posts.
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    What this is saying to Asculpeous is that the stock is "in play".

    LOL
    all it actually says is that the discount of BRB sp to the bid offer has reduced slightly
    BRB currently is 41.5
    and based on current RMS sp of 1.205 there is a bid value of 42.7

    this despite the arbitrage potential - some selling RMS to by BRB because of that discount
    what this is ACTUALLY saying is the market doesn't expect another company to get involved

    what makes this offer better than it seems is that RMS is at about half the price of it's historical peak aqnd (like most gold producers ), IMO heavily undervalued .

    yawn ,
    wake me up if BRB sp ever rises above bid price
 
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Currently unlisted public company.

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