I hold RPT and am disappointed regarding the placement at 8c. However, I am heartened by the trading yesterday.....there was no massive sell-off and it looks like accumulation is continuing albeit at sub 9c.
As the placement was oversubsribed, it looks like the institutions who subscribed are trying to pick up their 'quota' on market.
The story regarding RPT is great, and obviously nervous holders sold out yesterday on both a combination of disappointment regarding the placement and lack of news from RPT.
The risk for RPT is great whilst the Australian State and Federal governments continue to limit uranium mining.....but eventually the limitations on uranium mining will be lifted.......a reason why Fidelity has taken a substantial strategic holding in RPT.
RPT needs news to get above 10c, but for a medium term play, it looks very good.
IMHO
RPT
redport limited
I hold RPT and am disappointed regarding the placement at 8c....
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