good value, page-16

A month ago many on this forum were anticipating such move to raise money from shareholders. It's a good option when there are only 4 major shareholders with 30% of stock and 70 % is held by retail and small investors... an amazing ratio indeed.
I for one would have preferred this to happen when SP was over 10c or after a very good announcement. 9c would have been plausible instead than 5.3c...more money for the company and a smarter business plan.
Nonetheless, 5.3c seems to be a good opportunity to increase holdings especially for the RMI board that holds only 1.6% of shares... Does these poor guys ever dream of becoming rich or they are content with digging holes!!
a little swipe but I think they are a competent bunch or I wouldn't be wasting my time...
The present situation can only indicate two things:
1- Very good news is on the way and some people in the know have positioned them selves for a bonus of shares at 5.3c . OR
2- the company is in trouble and is desperate to raise money in the absence of good results.
From the buying I've seen in the last few weeks I seems the first scenario is the one and SP should hit 15c-20c around Xmas..
In the mean time continue playing the margins between 6 - 8c. RMI remains an exciting stock.