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RMG - RMG Limited

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Im watching. With interest. Considering the company said they know of no reason for the increase in trade and share price, you've got to wonder if there isnt an announcement on its way shortly. Hit 3.9 a minute or two ago.
 
gregcourageous said:
someone must know something we don't. surely, does anyone have any ideas on the sudden spike? Yesterday & again today?
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At this stage its just pure speculation based upon what RMG's management are looking to move the company into. IMO it will be in resources, hopefully overseas uranium interests. The management's ability is absolutely brilliant. More directors out there should take note of their fine examples, including DYL and WMT. I'm no longer holding but am watching with interest.
DYOR
 
After buying 1m at 1.7c I took profits today at 3.8c

100% gain in 1 month on no news is not too bad wouldn't you say? :p:

I'll be back on any weakness ;)
 
YOUNG_TRADER said:
After buying 1m at 1.7c I took profits today at 3.8c

100% gain in 1 month on no news is not too bad wouldn't you say? :p:

I'll be back on any weakness ;)
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Hi YT,

Thanks for the tip and well done on yet another superb performance. RMG's had an extremely good run its wise to take your profit. I took mine too soon and ploughed a lot of it into PXRO. Also, thanks for being honest in telling us when you actually get in and out of a stock. I try to do the same whenever possible. I too will be buying back in on weakness.
DYOR
 
Young Trader, yes 100% is good on no news but only 10 days ago you posted on here that you were targetting 6 to 8c before exiting.
Why did you get out before that, what changed for you?
 
Who Dares Wins said:
Young Trader, yes 100% is good on no news but only 10 days ago you posted on here that you were targetting 6 to 8c before exiting.
Why did you get out before that, what changed for you?
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A number of things, most importantly the fact that it rose so fast, I was originally going to just buy and hold and forget really but it rose 100% in 1 month, so instead I'm going to trade it,

I know that its very dangerous because 1 announcement and woosh off it goes, but I'd already missed the opportunity to trade it 3x before, so decided to do it this time, am waiting patiently to get back in
 
YOUNG_TRADER said:
A number of things, most importantly the fact that it rose so fast, I was originally going to just buy and hold and forget really but it rose 100% in 1 month, so instead I'm going to trade it,

I know that its very dangerous because 1 announcement and woosh off it goes, but I'd already missed the opportunity to trade it 3x before, so decided to do it this time, am waiting patiently to get back in
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Where is you re-entry point YT? I am seeing 3.2 cents is about the lowest for possible re-entry. I intend topping up at that point.
 
A large buy order went through today, a bit over 1.5 mil @ 0.032 roughly 50k, more than half todays vol. I think there has been some support found around 0.03 as buyers keep coming in around that price, i think sellers have dried up and the sp could be running up very soon in anticipation of an annoucement of ? so i have added some more to my holdings.
Anyone else topped up or back in yet?
 
I dropped some more bombs to bring my average price down. Still not sure whether i made the right move or not, in my eyes quite a big spec play, but hey, life aint fun without having a punt :)
 
JK Nominees seem to have done well for themselves out of RMG. Substantial holder at the beginning (dirt cheap) - turned over their shares for a tidy sum recently, no longer a substantial holder.

Glad to be out of this one at 0.33. For now anyway.

:confused:
 
Hey,
I was out at 2.9, early I know. But caught my eye as it closed below my exit.

ATM there is way too much downside for RMG, I wouldn't think about buying in over 2.4 cents. Even that is a bit high.
They are just a shell, and until an ann is released regarding there future, thats all they'll be.
If they drop under 2 cents I'll probably get in, pending no bad news is released.

I bet they go to 6 cents tomorrow on no news cos I'm posting this. :cautious:
 
It looks like RMG reached bottom at 2.6c and ready to bounce off. Nice to see strong market depth on buy side. Hopefully RMG will run again soon
 
RMG has bounced, only on light vol though but still good, charts looking good.
in @ 0.027 other day.
 

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Trading halt till Wednesday, or when the ann is released. No hint as to what it is, but we can assume it's detail on what they've bought into. Finally. Hope it's good, this has been purely a calculated gamble.
 
Just a personal opinion, I,m hoping a project in Africa on a uranium tennament.Think that will cause huge immediate upside. What,s the odds, hold 4 companies and 2 are in trading halt.Puts a smile on me dial.:):):):)
 
petervan said:
Just a personal opinion, I,m hoping a project in Africa on a uranium tennament.Think that will cause huge immediate upside. What,s the odds, hold 4 companies and 2 are in trading halt.Puts a smile on me dial.:):):):)
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I hope so. It seems whenever an ann comes, the sp goes south in a big way. :banghead: As a shell I am hoping they are getting into something meaty and worthwhile so to make me really happy.
 
petervan said:
Just a personal opinion, I,m hoping a project in Africa on a uranium tennament.Think that will cause huge immediate upside. What,s the odds, hold 4 companies and 2 are in trading halt.Puts a smile on me dial.:):):):)
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Although not currently a holder, it will be interesting to see what RMG comes up with. Its management haven't disappointed investors in the past. IMO a uranium project in West Africa would certainly give RMG's share price the biggest chance of a boost. An Australian uranium acquisition would still go down well. However, perhaps not as well as a West African one.
DYOR
 
YOUNG_TRADER said:
A number of things, most importantly the fact that it rose so fast, I was originally going to just buy and hold and forget really but it rose 100% in 1 month, so instead I'm going to trade it,

I know that its very dangerous because 1 announcement and woosh off it goes, but I'd already missed the opportunity to trade it 3x before, so decided to do it this time, am waiting patiently to get back in
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I hope you got back in YT.
Not all that sure that this will be a U announcement. Assent have a lot of other U plays running at the moment. I tend to think they may have something else up their sleeve for this one but I may be wrong just a personnal feeling. Have been holding at 2.2 cent average so whatever it is hopefully it will be a flyer.:D
 
Will be interesting to see how the market reacts on a down day.

Issuing another 55m shares to fund futher projects.

Lake Frome regional tenements should provide some interest.

No maps attached to the ann unfortunately.
 

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