RGM will get the shares at roughly .0014285 based on the price they are paying. Selling those at .002 they stand to make $.00057 on the share, or $600,000 for the entire allocation. That is a bloody good return on a $1.5m investment but one I think they won't take so early due to the volume they would have to sell off in such a short time period. They refer to the investment as 'liquid' and surely this means they are confident that good results will come out of exploration and early to drive up the market price.
I'm prepared to eat my words on this but I predict a massive sell off at .005, retrace down to .003 and then organic growth from there on positive announcements.
Buying at .002 today I am pretty confident I won't lose any cash - unless of course there tenements turn out to be just dust!
RMR Price at posting:
6.0¢ Sentiment: LT Buy Disclosure: Held
