RSG 2.36% 65.0¢ resolute mining limited

Ann: Successful completion of retail entitlement offer, page-7

  1. 172 Posts.
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    This may be an unpopular opinion, but I think this actually shows how foolish most retail shareholders are.

    During pretty much the entire offer period you could sell your current shares on market at a higher price than the purchase plan price, so you could sell what you had and buy back the same number of shares with a lower cost base and pocket the difference.

    It astounds me that there isn't a take up rate of close to 100% given the free money which was on offer.

    With that said, a good result for the company for sure. Hopefully it is nothing but onwards and upwards from here for RSG.
 
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