hit $1.18 today closed at about $1.11 a good rise The Australian...

  1. al1
    2,034 Posts.
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    hit $1.18 today closed at about $1.11 a good rise

    The Australian today reported..that their source confirms both local and overseas banks are running the ruler over Rams....
    ..volume has dropped back but now rises are bigger...
    ...may suggest...that interested parties have already taken strong positions....or some funds are betting Rams will be taken over..and they are setting themselves up to make aq nice profit

    ..the articl was in the business section on page 36
    ..under the heading Institutions tread lightly..


    in the words or the reporter...
    "suspicions were confirmed by a background source:both local and overseas banks are running the ruler over the non-bank lender"

    ...looks good for more rises....should get back to around $1.39....this week one would expect it to pass $1.20 so long as global markets hold up....
 
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