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RNO

Started by ScottishTrader, August 21, 2006, 09:37:12 AM

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buddjas1

Quote from: ScottishTrader on April 04, 2007, 08:41:38 AM
i know.  Ugh.  I had weak hands on this one after earnings produced that black candle.  Sold for a breakeven, which was silly.  Looks good though, and we know RNO are making loads of money.  Lots of very exciting mining plays at the moment.  I just have to watch this darn weak hands of mine!!!

I hear ya.  I put in a stop at 3.80, which luckly never printed. 

ScottishTrader

looks like you struck gold then...

RNO halted pending buyout news:

http://www.forbes.com/business/feeds/afx/2007/04/04/afx3581644.html

If they buy RNO for $800M, that equates to $4.85/sh  as far as I can tell.  WIll be interesting to see where it re-opens at.  In anycase, its a good 15% higher than yesterdays close.

Nice one buddjas!

buddjas1

#17
It's actually $4.32 US per share.  That's lower than pre-market.  What a bs offer. I hope the shareholders reject it.

ScottishTrader

yeah just saw that.  doesn't seem so good, but still a nice premium on your entry I assume.  For others, here's thee link:

http://biz.yahoo.com/iw/070404/0235119.html

buddjas1

Thanks for link.  MM actually gave me $4.37; $3.78 cost basis.  Not shabby for a couple weeks.