Obviously, the current price per share is around 32 cents, so why is it that low when the potential collection is $1.8B. It is all a very long shot gamble. RML is in the middle of the queue of companies listed in the collection judgement process. Stark said payments will be made to companies in the order that his court received their award from other jurisdictions.
Leading claimants are Crystallex and ConocoPhillips and are first to be paid and will be paid. All the rest are hangers-on who have spent little money in the long process of litigation. They are the only two that have made payments to the Special Master and has cost them millions. The rest were on a free ride to some extent. VZ has already said they are willing to settle but "not all will be paid".
Judge Stark said the companies need to fulfill seven stages of the process to participate in the auction which these aforementioned companies have done.
There is a time stamp for the others to at least reach stage 5 to continue to participate and I'm sure they are all scrambling to meet that deadline.
So as a gamble 32 cents or lower is the appropriate price for RML today.
This means that if RML wants to get their award they will have to spend a few bucks. Not too sure where they will get the money because I don't think they have that clout without outside help.
Another thing. GRZ is in the same boat with RML and KRY and is in the same queue but behind RML for some odd reason, yet its price is not going anywhere. It doesn't make sense for RML to be rising while GRZ is floundering.
Anyway, I hope for the best. I have 60,000 RML shares bought with pennies and if it gets down there again, I will buy more.
Best of luck to all