RDS - Redstone Resources
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ALFguy said:Yep, pushing through the 70's nicely with a little more volume.
Good to see ppl aren't selling out at these prices - waiting for the ann probably.
Close above 70 will be a good base for next week
yeah your right, i expected a few big sellers above the 70's but looks like im wrong so far. up quite a good amount today, lets see if it will hold.
ALFguy
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Very slightly off topic.
First time this month I've had my hands on a real-time trading screen from ETrade so I'm able to see the buyers and sellers working their magic.
Quite funny to see how some buyers try to manipulate the price down
First time this month I've had my hands on a real-time trading screen from ETrade so I'm able to see the buyers and sellers working their magic.
Quite funny to see how some buyers try to manipulate the price down
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I read earlier in this thread that BHP may be making a hostile takeover bid at $2.50-3.00 in the coming months.
If you look at the prospectus, the directors hold something like 55% of the stock, not sure if a takeover is possible??
Someone enlighten me if I'm wrong!!!
I bought through the prospectus and like most of you commenting on this thread, I'm in for at least 12 months to give them a chance to carry out their planned drilling program.
If a takeover happens would they remain RDS shares or would existing shareholders have their stock converted to BHP?? Concerned that if the latter happens, upside to this stock would be limited to the takeover price......right??
Excuse my amateurish questions!!!
If you look at the prospectus, the directors hold something like 55% of the stock, not sure if a takeover is possible??
Someone enlighten me if I'm wrong!!!
I bought through the prospectus and like most of you commenting on this thread, I'm in for at least 12 months to give them a chance to carry out their planned drilling program.
If a takeover happens would they remain RDS shares or would existing shareholders have their stock converted to BHP?? Concerned that if the latter happens, upside to this stock would be limited to the takeover price......right??
Excuse my amateurish questions!!!
ALFguy
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Yes, just a rumour going around prior to them listing. Although they have stated they are in discussions with major mining houses.
No idea how a hostel takeover works - just a newbie myself.
Surely you wouldn't complain if this shot up to $3 would you?
No idea how a hostel takeover works - just a newbie myself.
Surely you wouldn't complain if this shot up to $3 would you?
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ALFguy said:No idea how a hostel takeover works - just a newbie myself.
Is a Hostel takeover where they get into bed together?
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NettAssets said:Is a Hostel takeover where they get into bed together?
Nope,its when they team up and buy a Backpackers.
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Freeballinginawetsuit said:
I'll be in that as long as they throw in a six pack
ALFguy
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I wonder if this will fuel a few speccie prices, including RDS?
BHP Billiton Ltd, the world's biggest diversified miner, remains on the lookout for further growth through acquisitions or by organic opportunities, chief executive Chip Goodyear said.
Mr Goodyear said BHP Billiton has between $14 billion to $15 billion in the kitty and if there was a target that fitted in with its portfolio then the miner would be interested.
BHP Billiton Ltd, the world's biggest diversified miner, remains on the lookout for further growth through acquisitions or by organic opportunities, chief executive Chip Goodyear said.
Mr Goodyear said BHP Billiton has between $14 billion to $15 billion in the kitty and if there was a target that fitted in with its portfolio then the miner would be interested.
ALFguy
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Always going to get a few weak holders selling out at the first sign of a drop, which is exactly what happened today.
Still, as you say Alfred, it held over 70c.
No news also brings out the weaker holders so patience and belief in the potential of this company are what really matters now.
Have to be mad to sell imo
Still, as you say Alfred, it held over 70c.
No news also brings out the weaker holders so patience and belief in the potential of this company are what really matters now.
Have to be mad to sell imo
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We all know what is install for the immediate future. Some of us are reluctant to accept the RUMOURS others I surpose recieve there information from reliable channels.
Personnally I can't hardly wait.
Personnally I can't hardly wait.
CanOz
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Michael2006 said:
What kind of a post is this? Its like a riddle! Please be a bit clearer in your posts.
ALFguy
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Taking a hit today with the rest of the market.
Currently very cheap imo
Currently very cheap imo
Sold RDS 2 weeks ago when it was at 70c, it wasnt looking to good imo with no anns. now trading at 55c which does appear to be cheap. However its a bit hard to tell at these market conditions whether we will see it reach back up to the 70's again. What do u think ALF?
ALFguy
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That's the main problem, no anns, everyone wondering what the company are up to....who's the interested parties etc.
Personally, I think the smallest hint of positive news and this will head north quickly. It's on everyone's radar, that's for sure.
Have you noticed that there's only a minority of sellers that cause the price to drop below 70c and that's on very low volume indeed - it appears most are holding for news or more likely simply holding long term because they believe in the company.
Anything less than 60c seems a good buy to me. If I had the cash I'd be topping up for sure.
I aint an expert....just my feeling after months of watching the market:
Personally, I think the smallest hint of positive news and this will head north quickly. It's on everyone's radar, that's for sure.
Have you noticed that there's only a minority of sellers that cause the price to drop below 70c and that's on very low volume indeed - it appears most are holding for news or more likely simply holding long term because they believe in the company.
Anything less than 60c seems a good buy to me. If I had the cash I'd be topping up for sure.
I aint an expert....just my feeling after months of watching the market
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