RMG 0.00% 0.7¢ rmg limited

RMG is better short term imo, but tomorrow will be weak before a...

  1. 2,541 Posts.
    RMG is better short term imo, but tomorrow will be weak before a bounce back. RMG should be able to generate another another announcement within two weeks, and will have to imo because they will want to do a WMT style capital raising off a much higher share price. Coming back to the "Ascent baby" thing, this still looks the goods to me, particularly given the Hollinger deal. ZYL will be a bottom fishing exercise in the face of a sell down by X, who must have somehow gotten me on to the stock in the first place (directly or indirectly).

    Wait for a bit of confirmation on ZYL before jumping in. Maybe they will try to get it down to 5.1c tomorrow, which would be screaming bargain level. If it jumps up at the open you know shorts have unwound and a bigger investor is in the house. Either X is accumulating a big big stake in ZYL or another takeover is coming, possibly from Chubb.
 
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Currently unlisted public company.

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