RMG 0.00% 0.7¢ rmg limited

new dilution on the way, page-17

  1. 148 Posts.
    tonny, I agree that the price rallies were driven by people whom know more than most. However I disagree on the reasons...

    The reason the price was driven higher is that company insiders wanted the price higher for a while and to be sustained higher, thereby creating a higher VWAP. If the price had been higher for a while, then they will have been able to demand a higher price for any shares offered in the capital raising, thereby raising more bucks.

    However events in Japan have overtaken them and forced their hand.

    Just my speculation.
 
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