RRS 0.00% 0.1¢ range resources limited

tyco or cobaki give us poem to keep faith, page-10

  1. ds
    7,131 Posts.
    I am still here too.

    Still an amazing thread.

    Absolute b!itchfighting going on.

    jr shows up with a friendly line and half a dozen lay into him ??? wtf.

    Everyone still watching . . . waiting . . . .(hoping?)

    I still can't work out who is going to buy enought to get us to 10-20c on the ASX.

    If they end up raising the US$20m here I guess that will show enough interest but they will still need to have investors willing to put in another US$20m on market I reckon - the register still looks loose to me and that means 200m-500m shares will come out on the way up out of the 1.7b on issue - if they are sold between 5 & 15c (say and average 10c) then you need A$20-50m of on market buying to get it there. Then profit takers in the options need to be absorbed.

    Don't get me wrong - I still own every one but I wonder who is actually going to do the on market buying.

    On the other hand - $10m sterling from 3 funds and you have A$75m of buying so I guess I can answer it for myself . . . .
 
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