Transferred 50% of my oppies into an ords position today. I know I'll get shouted down by the ultra optimists, but I thought that .028 vs .009 seemed too attractive (taking into account time decay).
Even with the potential for numerous positive announcements, I can't see the SP over 8 cents (before Oct 1) as there seems a lot of holders are happy to sell into every 0.001 SP increase.
A 100% return on RRS is .056 (.028 x 2), whereas a similar return on the oppies will require a SP (Oct 1) of .068 (.009 x 2 + .05 Ex price). Having said this I realise that a lot of the players here are banking on 1000%+ returns.
I suppose my rationale is that I like the potential but I don't have faith in the management getting it done within the 6 month time frame (judging on past performance).
More than happy to be wrong though!
Cheers Archer
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
