RSN 0.00% 10.0¢ renison consolidated mines nl

is the bizz too busy?, page-17

  1. 22,300 Posts.
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    G'day Towie. Yes, I noticed that too. Also noted that those shares on offer @ .002 went pretty quickly.
    But, can you give some logic to that 500,000 buy of RSNG's yesterday? MUST be confident of "something" happening.
    They went Ex E on 22 September, so, that buyer will miss out on the interest payment, which, looks like being nearly 10 shares per note.
    If, (when) some good news comes out, those who get this payment will certainly be laughing very loudly. Certainly much better than the 12% face value.
    But, will also further dilute IC when it is paid.
 
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