RNE 11.1% 0.4¢ renu energy limited

I would not say it wont happen, but the way it is going at the...

  1. 824 Posts.
    I would not say it wont happen, but the way it is going at the moment it looks unlikely.

    But if lots of spp holders are like you and looking for a stagg profit on the spp shares I would think, in the absence of other great news, you will all work together to get the price down a bit. That is why I sold 3333 shares to fund the purchase of the spp shares. I figured 180 odd was a good price and pocketing a nice long term capital gain to offset my short term losses was a bonus. The only down side is I miss out on the 1666 options. But I figure that I should be able pick up a few for the $1000 difference between my sell price and spp price.

    The latter raises a very interesting point. The 1666 options will have very little value until the price gets closer to 2.00. But given everyone, other than the recent major investors has so little, will there be a market for these? The option price will have to reach 30 cents before the 1666 are marketable parcels.

 
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