It depends on your tolerance for risk, if it is very high - it may be worth a small punt. If the level is low to medium, I'd give it a miss for the moment as their future is too clouded.
As you will see from looking back on past posts on this forum, there are basically 2 schools of thought. One that thinks the current management can do no wrong & that it is worth buying at any price from 1.4 > 3.4c as put forward by newtrader77 and his alter ego phishpheet.
On the other hand you have believers in the sector & technology but that have serious concerns with current management who in their opinion couldn't run a chook raffle. This view is pushed by Chilia, myself and most every other contributor. We have seen the price drop from the mid .20c to current 1.4c in little over a year.
So, 'ya pays ya money & ya takes ya chances' with this one whilst under current management and with current capital structure. This sentiment could turn should they sweep clean management and board and take on a rich big brother.
You may have seen the puff piece on Inside Business this morning, it showed the potential but also showed the threats facing a company with no money in a sector that devours money like there is no tomorrow ( & in RMA's case that may be so.)
Roland Kulan looking good.
- Forums
- ASX - By Stock
- RMA
- is it worth a punt
is it worth a punt, page-2
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RMA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online