that's the point. with 39M RNF shares, a sale of Pasadena for $50M will generate $1+ in additional returns for RNF holders. at todays price, that's a 8%+ ROI but the market is giving no value to a Pasadena sale.
With RNF stock valued at only the cash plus stock value of the merger, it appears no one is factoring in the supposed value of Pasadena between $1 & $3. Investing in RNF just for the Pasadena sale would imply a heck of a ROI; the market is applying no value to Pasadena?
While I am more of a buy & hold guy, I just sold this stock & placed two different limit buys. With only an 11M share float, & little room left for U.S. storage, I suspect we will see a downturn in oil. Really like this company but the profits, & personal perceived direction, had to go for it.
It would seem to me that while gold & oil have a fairly constant correlation, the dramatically reduced price of fuel can only be good for miners. Any time ones cost of production goes down, earnings will go up.
you will reap what you sow. one might wonder why folks don't remember the fiasco left by the last Republican president. now have
highest stock market, real estate back to 2006 values, gas prices lowest in 40 yrs., attaining energy independence, ended two wars, dramatically reduced budget deficits. Ya, Pres. Obama sure is a lousy leader.,
of course the dividend will go down when the selling price goes up. So long as the pay out remains the same it has to. But ones own percent will remain the same regardless; only an increase or decrease in the pay out amount will affect ones own rate.
sell off result of AUG quarterly announcement which, when looked at closely, is actually good for RNF as it doesn't have the same transportation problems.
est. 17% annual dividend; RSI has been fluctuating between 13 & 70 over last 5 days, presently ay 14. well within BBands
what amazes me is that few questioned how a stock with such a small float, with only $40M in sales, could suddenly be trading millions of shares a day, 100 times their prior daily average, & not question that manipulation was taking place. Those that are selling the secondary offering are, in my openion, insiders who own the stock at at cost substancially below the $5.25.
I suspect when all is said & done the stock will settle back to its $3 to $4 prior range. It's in that range that I will again buy, solely for its dividend, & again sell if it goes above $6.
what hasn't been discussed on this topic is:
1. 24% of the stock is owned by insiders.
2. while they are paying out 70% in dividends, what are they doing with the other 30% (paying down debt, buying back shares, or otherwise increasing the value of the stock?).
With insiders owning so much of the stock, one can be assured they will act in the best interest of the stockholders.
give me a break. This company has 2.3M share float with $42M in revenue; institutions don't fall all over themselves with a company so small. Meanwhile, 50% of the float traded today alone. While I'm enjoying the ride it makes no sense to me. No news, no new product. something is wrong.