RIN rinker group limited

rin why is price so high

  1. pauls98
    83 Posts.
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    09/07/07
    13:50
    Post #: 2603567
    Hi
    Can anyone explain why RIN is so high?

    If the price received is only US$15.85
    that converts to AU$18.48.

    At present it is AU$18.98 - ie a 50c premium.

    The only arguement I can see is that buyers think the US$ will go up considerably in the next 2 weeks before the offer closes.?

    Is there any other reason??

    perplexed
    paul
    RIN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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