rbwatso was tossing around in his mind, that if the shares get...

rb

watso was tossing around in his mind, that if the shares get to about $1 (after they go ex rights), then he might sell the rights. in this market, no one has any real idea of what can happen - and with the financial turmoil, gold could rocket. the only bright spot in the markets, is the gold price, which in australian dollar terms, is almost $1400 per oz (lucky rsg bought puts at $1000 per oz, instead of hedging)). at the present price of rsg, watso will send in his cheque. syama is a big project, which will cost about au$250m to develop. rsg have about 12m oz of reserves/ resources etc which has an inground value of about 17 billion dollars (au). not to say, that it will all be devoloped, but relative to the market cap of the company, is not to bad - and worth a bit of a punt. correct watso if he is wrong, as he cannot count to $17bn, and it does seem a bit high

the only shares to have these days, is gold shares, and whether or not rsg is one of them, only time will tell