RMG 0.00% 0.7¢ rmg limited

Great chart waynecat but I have one criticism/suggestion. The...

  1. 296 Posts.
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    Great chart waynecat but I have one criticism/suggestion. The upper price band in your chart appears to be .022, I'd suggest .05 in the short term might be more appropriate! Classic standoff position at the moment large buy orders (16m?) mostly at mid teens and sell orders staggered up and only a handful changing hands. I suspect the concentration of buy offers will move very quickly once this baby flinches upward. They are opportunistic orders that will pounce on anything on offer if necessary to secure a decent parcel. The shares on offer in the upcoming capital raising won't be available to anyone here, other than the necessary issue to Teck, the amigos of Forrest Capital will be rewarded. This I see as a good thing too, many will be overseas investors, and WA high net worth investors to who RMG had previously been unknown. It will raise the profile of this company & will help the share price for the rest of us. Win, win, win, you can't get a better result than that.
 
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