Australian (ASX) Stock Market Forum

RMG - RMG Limited

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kennas said:
I'm holding till $10.00. LOL:D No, I've got no idea what I'm doing with this. :eek: Would be silly not to take profits at some stage and go free carried. (Almost there now.) Might depend on how much you have in it I suppose. I haven't made a big comittment to this relatively, so if I lose my shirt down the track it won't matter. On the other hand, if I'd put 100K on it, then I'd definately be taking some out! So, relative to your situation I'd say. And your risk tolerence.

Note: $10, wasn't a price target. :) ;)
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Forgive me as a newbie. What does it mean 'free carried'? Is it your profits cover your initial outlay? I am holding and like others, wish had purchased more.:banghead:
 
timelord said:
Forgive me as a newbie. What does it mean 'free carried'? Is it your profits cover your initial outlay?
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Yes.

The ann is in response to speeding ticket as expected. The no news response may be bad for current SP.
 
RMG got the speeding ticket today, and responded at 1.24 pm 'sorry officer I dont know why that happened'.

Out for a handsome 65% profit at 12.47 - thanks YT.

Cheers:)
 
I'm out at 3.2 for the minute. If it finishes well, will be back in. This will be a signal to me that the market still believes that an ann is still just around the corner to detail what they are up to. It may mean an ann is a week or more away of course. Although, I do remember MMB issuing 'I know nuting' response and then released an ann the next day! :eek:
 
Guys your all welcome,

Thought I should add that as RMG only has 400m shares on issue at 3c its mkt cap is $12m

If they manage to get good Qld U projects I'd expect $18m mkt cap
Good S.A. U projects $20m mkt cap
Good N.T. U projects $25-$30m Mkt Cap

Overseas ie Africa etc I'd expect $30m+

So I will wait to see exactly what type of project they are looking to put into RMG before I exit, prices I will be looking at 6c-8c (= $24m - $32m Mkt Cap)

Note these are not price targets or recomendations or even ramps :p: they are just my personal thoguths
 
I thought this speeding ticket might slow it down a bit, but looking at volume on buy side they're about to do a burnout and hit the freeway.Goodluck:)
 
i'm waiting till 8 to 10 cents...
in today market, that is very possible... depending on what they acquire.
 
kennas said:
I'm out at 3.2 for the minute. If it finishes well, will be back in.
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I'm back in with 1/2 what I had before. :eek: Could have saved myself some $$ on the brokerage if I'd just sold 1/2 the first time. Good one kennas :banghead: Has held up much better than expected.
 
done it before with MTN in the last correction...
not happy! the only one whose happy is the broker and the tax man!
 
Was lucky to take my lunch break at the right time today, when i turned on the laptop and saw it get a speding ticket then watched a few sells go through i thought this run is over and so took a profit at 0.032. Then when work finished turned on the laptop again to see that the sp had held up well with volumes on the bid side so jumped back on at the close. There seems to be some attraction to this one, could get interesting next week.
 
Pat said:
I'm taking a punt on a retrace so tomorrow i'll be out, take profits again possibly around 2.7 cents... last week I sold at 2.4 cents and got back in at 2.1 cents.... Hope to get in on the retrace at 2.1 - 2.2 cents eh?
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Well out at 2.9 abit early :eek:

Hope they come back past 2.9 :eek: ... I'll be on in a flash!!!
 
My first post here. Thanks YT on another great call. Your analysis are always very thorough. I will be watching your future posts with great interest! :D
 
kennas said:
I'm holding till $10.00. LOL:D No, I've got no idea what I'm doing with this. :eek: Would be silly not to take profits at some stage and go free carried. (Almost there now.) Might depend on how much you have in it I suppose. I haven't made a big comittment to this relatively, so if I lose my shirt down the track it won't matter. On the other hand, if I'd put 100K on it, then I'd definately be taking some out! So, relative to your situation I'd say. And your risk tolerence.

Note: $10, wasn't a price target. :) ;)
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Hi Kennas,

$10!! Good to see your sense of humour come out again. With the current price action taking place I reckon a lot of the punters out there must be thinking RMG's heading for the uranium game IMO. I'll be re-entering this one on any price weakness (if any).
DYOR
 
Well another Ascent capital restructure, WAG has just farmed into a Uranium project in W.A., its had 400m shares on issue just like RMG and is now up around 3.7c

So I'd say that assuming that the Ascent boys put a nice U project into RMG then the worst RMG will do is hit high 3cent level like WAG, but if its an S.A. or N.T. project or Overseas watch out!
 
YOUNG_TRADER said:
Well another Ascent capital restructure, WAG has just farmed into a Uranium project in W.A., its had 400m shares on issue just like RMG and is now up around 3.7c

So I'd say that assuming that the Ascent boys put a nice U project into RMG then the worst RMG will do is hit high 3cent level like WAG, but if its an S.A. or N.T. project or Overseas watch out!
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Was watching WAG last week but decided to throw dollars into BLZ instead. Just curious did you jump onto WAG at all YT? Have got plenty in RMG at the moment do you think a similar announcement is in the pipeline for RMG?
 
rmg has suddenly taken off straight through 0.036 new high !!!! :D

is there something to be announced soon ???

thanks for the heads up YT
 
DAM! i had auto buy on at 0.029 this morning, oh well, caught it just in time and got it at 0.034. Lost out on a quick 20% but. Whats the cause of the spike?
 
no one watching this today?????

nice run for holders

what the hell you need like 150 characters per post now?
 
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