backdoor listing, page-7

macau, i suggested the backdoor possibility the other day as you know.

It's hard to say whether that's what's going on. RRR now hold 24% of RSL but it achieved that by receiving ADDITIONAL shares which were not previously listed.

Therefore there are still something like 500m shares they don't own by my reckoning.

I do not know how much cash RRR have in the bank - reporting requirements differ in the UK to the ASX. But it's fair to say they must be ok money-wise as they have been snapping up 8.5% of MDX recently thru cash purchases.

RSL & MDX may just be strategic invesments, however considering that most of RRR's action is down under you would have to think they would want an ASX listing at some point?

There is no interest in RRR shares volume/price-wise at the moment either.