RPT - Redport Limited

[The Barbarian Investor]

Just noticed, Mr Robert Grover also sits on the board of Redport and Contact resources (if thatmeansanything?), both WA Uranuim miners..Both seem tobe in a decilne of late- be interesting to see how John Howards enquiry into N ENERGY affects the shareprices here

 

[Sean K]

Trading Halt.

Any other RPT holders out there want to speculate?

Capital raising?
Drilling report?
Resource upgrade?

There was no increase in volume or price action really so capital raising perhaps?

 

[laurie]

Yeh the W.A. Goverment is doing a JV with Redport ! you did say speculate? joke aside I think it may be an resource upgrade or S.A. drilling report

cheers laurie

 

[stiger]

JV with AUM?

 

[Sean K]

The Fin reported this am that it could be a tie up or merger with a 'Canadian miner'. Could be announced today. Hopefully good for the sp anyway!

 

[stiger]

Spot on MEGA!!!!

 

[Sean K]

The directors of RPT are obviously happy with this price.

I wonder if anyone else is sniffing this?

I HOPE SO!!

 

[Sean K]

I don't understand!

Mega are offering .14c a share, and it's selling at .13c a share!

What the?

 

[laurie]

Piss weak directors I have sent a email blasting them for giving away RPT anyone here that sells is STUPID look at what happen at Hindmarsh they statred at .78c then ended up paying $1.10 sorry I'm frigin mad at this cough out here is the address if anyone is interested in getting more money gees for christ sake FIGHT and what about the PDN Royality
admin@redport.com

cheers laurie

 

[Sean K]

Done Laurie.

I'm not sure if they'll listen to Kennas at the Black Cat in Fitzroy though.

 

[YOUNG_TRADER]

Guys I should point out that Mega didn't vary its bid for HMR, it offered script and during the T/O process Mega's shares rose to $11 from $6 hence the value of the T/O increased so hold on to those RPT's because if we see another burst in uranium Mega's price will soar and the value of those 10mega to 500+ RPT will increase

Still I agree directors shouldn't have said ok so quickly, something a little stinky there!

 

[$unny]

I dunno, i dont think the offer is worth it. however, if redport directors have made their mind up, mega will own 50% of the company rite? 14 is to low, i could buy options at 0.08 and then resell to mega at 0.09...i think we should wait till monday to see what happens, but good to see the company has a good future! well lets hope, i think i will hold on to them, see what happens, u never know. i should have bought options

 

[YOUNG_TRADER]

hmmmmm RPT holders seriously don't want MEGA Script, the offer is roughly equal to 14c RPT, yet there is mass selling @ 12.5c-13c very strange,

 

[laurie]

So how are you going to sell them if they are not listed on the ASX that's why people are selling and Mega knows that

cheers laurie

 

[Sean K]

How weird is it that they're offering .14c a share, and they're selling at .125 today?? What the?

They'll have to come up with some cunning plan for us to trade them after the merge/takeover. Perhaps dual list?

 

[stiger]

The only mistake I made was not to sell @.17 .I hung on then so I might as well hang on now.

 

[michael_selway]

So how are you going to sell them if they are not listed on the ASX that's why people are selling and Mega knows that

cheers laurie

but isnt Mega buyign of you for 14c?

liek u are sellign to them not ASX?

thx

MS

 

[YOUNG_TRADER]

So how are you going to sell them if they are not listed on the ASX that's why people are selling and Mega knows that

cheers laurie

Mate I wouldn'd mind Mega Script, may buy some RPT just to get exposure to Mega, how would you sell you ask? Via your normal Broker, just generates larger feee, I know what you mean though, different mkt, hard to watch, information hard to come by etc etc, but if you recall, when Mega first made the script offer for HMR it valued them at 70c or so a share, by the time the deal was done, Mega's shares (and the Canadian/AUD exchange) had played out so favourably that it resulted in a value of $1.60 ish per HMR shares!,

My point is I wouldn't be selling for below 14c

 

[laurie]

YT
Also holding Mega shares may not give you access to future spp as you will be an overseas investor I see many ASX companies state that when doing a local spp,I'm not too sure if that applies to Mega

cheers laurie

 

[Sean K]

Quite a bit of action now and finally trading at the offer price. Perhaps something else is in the air? Go RPT!