Post by
MaterialsMan on Mar 09, 2024 8:36am
To: mjh9413
I realize you said that you would not be posting any further, but in case you see this, it may be of interest.
It kind of blew me away when I just found out.
RMS has been trading in North America for quite some time in the U.S. on the OTC market.
It's a pink sheet stock, same as KRRGF, trading under the symbol RMLRF.
I was surprised to see that trading in RMS had not been halted in the U.S. on Friday.
The stock was up 12 1/2 % to $1.06 U.S. on light volume. Maybe this is an indication that the potential merger is being perceived as helpful to RMS.
It's MV is presently 1.2 bilion U.S. vs. a little over 1/2 billion U.S. for KRRGF. Approximately a 2 to1 ratio.
I hope this works out well for everyone, including us, no matter how it shakes out.
Comment by
amishelvis on Mar 09, 2024 1:52pm
I am a yank that has gotten some RMS on the pink sheets and this is a negative to me. The stock is so thinly traded...it was painful.
Comment by
amishelvis on Mar 10, 2024 8:53am
I'm sorry i dont have any great insights on this deal. I do own both companies but like KRR better because they have a little bit better runway/future. The reverse split makes sense to me.. And i hope they list on an American exchange,,or at least a Canadian. Last year i went thru AUY's sale,,and cant say it felt really good. We will find out alot more in 24 hours, so , fingers crossed.
Comment by
MaterialsMan on Mar 10, 2024 9:18am
Amishelvis, It's interesting that you mention KRR as having a better runway/future. RMS has stated that is exactly why they are after Karora. Their reserves are getting depleted.