RYG 0.00% 3.3¢ raya group limited

RYG Chart, page-34

  1. 3,437 Posts.
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    Yep, management have (presumably deliberately) done something very clever here. Any reverse TO is going to see some existing holders getting out, no matter what. If VTX had sold up their tech and went bought a coal mine i'd be getting out, no matter how good said mine is. So they gave it a few days for those absolutely-gonna-get-out holders to do so which means positive news is less likely to get sold into. The effects we're seeing now are best indicated by this thread, some LT holders are coming on board with the idea and being quite positive to boot. Who knows exactly when the selling here will dry up but i'll predict that it's fairly soon, and given the buying interest we really are ready to see a real bunt shortly.
 
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