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Re: Re: [sharechat] Rubicon - First leg of the double!/ Colin Ross

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Mon, 26 Mar 2001 20:06:01 +1200

Thanks Colin,

Sorry, you missed out so far, actually the lowest price was 38 cents but that was a crossing of a large parcel.

There were sales @ 40 , I think that you would have made it, looking at the depth data from Stockness.

My post of March 25: " RUBICON>>>>> RESULTS " shows these predictions from the contributors:

Median: 45 and 41 cents.

Amazingly, our closing price of 44 cents was only 1 cent less!

The whole exercise will be a good lesson for students; there are some aspects such as the initial rough valuation, the massive number of shares on offer and the competition, with results close to those achieved today.

The sum total has reduced the Directors' valuation of Rubicon from 88 cents to a market price of 44 cents!

And this FORUM is probably the only site which has tackled these difficulties!

Keep on working at the coal face!!!

Gerry

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