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RMG - RMG Limited

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YOUNG_TRADER

YOUNG_TRADER

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Hi guys, another back the jockey type play,
An Ascent Capital ie Stienpris Borthers re-capitalisation (Other notable involments/floats EXT BLR DYL WMT MKY)

History and the Steinepreis bros track record speaks for itself BLR 1c - 20c DYL 1c - 40c EXT 1c - 10c MKY 1c - 6c WMT 1c - 15c

I was waiting for the right time to jump on WMT when it was 2c, never happened, same with MKY when it was 2c, never happened,

So I have stopped messing around, as soon as I found out this was Ascents new re-cap I jumped in this morning at 1.8c

Will have about 400m shares on issue, about 100m of these were issued recently as part of Private placement and SPP at 1.5c,

I expect another WMT/MKY
 
Hi Youngtrader

Thank you for your research.

Am I misreading the Etrade profile on this company that has it on a forecast EPS of 17.2c per share? All this and it is trading at 1.8c a share? This must be the bargain of the century.

Regards

Ned
 
ok, now that thats done,
what does this mob do?
eTrade certainly don't know what they do!
 
"RMG is in the process of reviewing suitable projects to vend into the company and is looking at all sectors including mining and exploration."
 
YOUNG_TRADER said:
Yeah, but GRL was a float, so was sorta different,

Its these re-caps they do that always go NUTS!
Click to expand...
I've had a quick look. RMG is still trying to raise further capital via shareholders at 1.5c. These direcotrs are very cluely. On closer examination RMG hasn't stated what they'll do with the funds. This one's on my watch list. Thanks YT.
DYOR
 
So...YT

you are losing money on this share ??
the fundamentals of this company is not too good.......are you buying just because the steinpris bros have their caps in ???
 
looks like the placement has been completed and there was a bit of interest in the stock so far this morning. Looking forward to seeing what project ascent bring to the table
 
j4mesa said:
So...YT

you are losing money on this share ??
the fundamentals of this company is not too good.......are you buying just because the steinpris bros have their caps in ???
Click to expand...


What fundamentals are you refering too? The fact that they dont have any? :confused:

Read the prospectus.... Seems the only assets are some bank card debts, and some Personal loans.

Am I missing anything?

One to watch I guess as YT pointed out the directors aren't too shabby, as their history says it all.
 
j4mesa said:
So...YT

you are losing money on this share ??
the fundamentals of this company is not too good.......are you buying just because the steinpris bros have their caps in ???
Click to expand...

Didn't see this post,

Most if not all shares dropped during correction,

The company only has 1 fundamental behind it, Steinpris bros and Ascent Capital!

And after riding EXT/DYL/MHL and watching BLR/WMT/MKY thats all the fundamentals I need ;)
 
Have you read thru that prospectus YT. There is something cooking with these guys no doubt. Dont know what it is but going on recent records I think I might just throw a couple of thousand this way. Am already in BLR WMT MKY & PEN and doing very nicely on all of them so this could be a repeat. Pure speculation of course at this stage nothing concrete to go on just a hunch me thinks.
 
mickqld said:
There is something cooking with these guys no doubt. Dont know what it is but going on recent records I think I might just throw a couple of thousand this way.
Click to expand...

Exactly what I did.
 
They have done extremely well for me via WMT, so ive jumped on board this one today aswell.

Pure speculation.
 
mickqld said:
Have you read thru that prospectus YT. There is something cooking with these guys no doubt. Dont know what it is but going on recent records I think I might just throw a couple of thousand this way. Am already in BLR WMT MKY & PEN and doing very nicely on all of them so this could be a repeat. Pure speculation of course at this stage nothing concrete to go on just a hunch me thinks.
Click to expand...

Right now I'm more interested in knowing what "failures" these guys have before, or are still having, in the listed companies they're trying to turn around. Not raining on anyone's parade but am just trying to get some perspective on their success rate.

So YT, mickqld, and others, do you know of any companies they're running that are not so successful yet? I for one am not too impressed with Toodyay compared to some of their successes for sure...any others?
 
Looks like alot of interest has been generated over the last few days. The buy volumes have increased alot. Bit of movement in price as the speculators start to move in.
 
My only concern is that Paul Hearne is involved. Toodyay Resources (same directors) quarterly reports are just a paste and copy exercise and the date is changed
 
A bit of movement/accumulation going on the last 2 days. Today has seen 1.8c and 1.9c chomped.

All speculation based on Ascent Capital and possible projects

as i posted 2c got chomped at
 
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