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Re: [sharechat] RMG recent 'good news'

From:	"ahf" <ahf@clear.net.nz>
Date:	Fri, 4 May 2001 10:30:10 +1200

Of course there is an ulterior motive for RMG to talk their shareprice up. With 44 million options to be exercised or cancelled by the end of June (@ A20c each = a whisker under A$9m potential consideration) there is a good inducement to the Co. to make sure that it's shareprice is over the exercise price. If I was in their shoes I'd be doing the same - good news is worth trumpeting! Yes I agree that the Co. has a few issues to fully resolve but the big attraction to me is that A$60m of income buys a lot of "forgiveness". The Co. would have to be run by complete idiots if was to lose most of this revenue in expenses/costs. I have more faith in their management than that - in this case.

Regards

Andrew

Disc. I hold RMGOA

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