Post by
ScarletSpider on Aug 11, 2023 2:39pm
There is One Stock I Am Remotely Interested In
And that is rml which if i feel is a better move to buy vs here despite being extremely bullish and inclined to do so that is the only caveat. Now people who think rml is worth over $1.50 Canadian or $1 USD may be disappointed if that doesnt happen. By caoculations $1.50 is the max price. What people are getting wronh or trying to make believe is its actual worth. Rml is part of 6 companies suing for a total share of 3.46 billion which will be split among them when successful. I dont doubt they will win. What peooke are going on about is 20 billion in damages that is not the case as clearly it is spelt out a total of 3.46 billion. When i dividef the entitlement if my number is not off that is 577 million rightful total compensation. Rml has 572 million outstanding possibly more fully diluted and when you take the dollars per share that works out to 1.008 USD. I calculate at 1.5 to Canadian. Because land had been taken away it is 0 asset after payout unlike if the company still had the land is the way i am basing this on. The land which was appropriated from the companies may or not be worth that that would be left for in rml case show core samplings and recovering minerals etc but that combined value is what is sought.
The reason i strongly believe it will be paid is because a hufe Venazulean Oil and Gas took control of the land and they are likely gaining revenue through global sales. Neither the company nor the government can afford this coming more strongly to light because who would want to do business with them?
Now my only consideration to buy this is no greater than .50 but the risk is that despite my saying what i did about the successful claim it isnt 100 percent guaranteed but has more liklihood of success than not. Now either best case it gets settled fast possibly out of further court proceedings worst case it keeps dragging and shares here pass there hard to say. This is why in truth i never sold anything here to grab there.
First off there was a 1.5 times differential in share values so that means for me to double in relation to what i give up here providing the ratio holds that would need to go 3 times up and i didnt see that happening relative to here although this hasnt been doing that great either. I am venturing a guess this will no less than double at some point and that may or may not until closer to October hard to say. But if both double roughly same time which i suspect may happen then i lost giving 1.5 times more shares hence why it would need to triple and if .50 price and the high of $1.50 not knowinh i was not going to render my axe shares the only way i will buy is with cash. So if that stays .50 or less i may take a stab but i dont have money until end of September October is "forced asset sales date there" so i suspect like here that will exceed .50 and that is all i would put for that.
Mid to longer term i feel this is the better equity. Shorter term too hard to call but worth gambling .50 for shares there so that is my one caveat right now otherwise i am not too interested in many things. I still find this the best option for me although if rml is .50 or less i will likely first go after that on the off chance that gains faster near term if not and i lose i didnt give up any shares here lost a bit of time and or money but it should pay out there. Again this is why i said i will never say what people should do as there are many optiions the only thing is be smart in how you move.