Hello Yaqona, Today in my research Hour or so I found that Cadex Petroleum Ltd. (A private company )has become the No 3 Shareholder of RBM and further through research of Cadex Petroleum Ltd. and its link to BLR.L that Cadex seems to have plans to float off it's Australian Interests, therefore Cadex seems to see value in RBMs.
It's a pity for You that Cadex Pet.ltd has not shown an interest in the undervalued Cash of BTV, however I guess a sign is there for Your BTV Directors to show an interest in taking a holding in RBM.
Good luck while the BTV Share Buy Back is in operation. Personally I hate Share buy backs because the Shares affected by the Buy back always seem to get pushed down.
The Money would be better spent buying Shares in another Company with PROSPECTS of a Find or earning Interest.
Just have a look at these which have been and are going through Buy Backs NWS,SFH,ATP,BTV, etc.etc.
A STO 'off market' Buy Back approx. Seven Years ago is the only Buy Back I have seen where the ultimate Share price has improved.
No responsibility taken for any losses in association with this posting.
Regards,
moly
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