Will?
Who knows?
Is it more likely like "RCF is a proxy for an 'UNNAMED' but 'known' entity, a.k.a. - 'group'.
Who do we all know are a bunch of very determined secret very silent highly invested profoundly over interested once upon a time so called 'stakeholders' wanting to save us all from 'THEM'!
Does this all now mean there is yet another very different meaning to the term "Lock Up"?
Still, when time allows, of course, wondering what is really going on.
Old Joe
PS: The following, from May, 2012, while being accurate at that time may very well also serve to obstinate an underlying theme we all have been observing for just over 5 years now. Not being quite 'as simple' (as in 'as easy') as it can be made to appear on the surface.
I trust 'Goldhunter11' will not mind it's reproduction here now:
" Re: RCF. - FOSSIL.
in response to Re: RCF. - FOSSIL. by scarff
posted on May 11, 12 10:30AM Use the IP Check tool [?]
Foss, as indicated in my previous post (pasted below) RCF now has approx 20% after this PP of $10M (for 19.2 M shares). They became an insider when they crossed the 10% line (May 23 NR says that after buying some extra shares they were not under the radar anymore and required to declare themselves as insider with 21.069M shares or 10.11%). There were questions regarding why they wanted to fly above the radar...to signal to others that they are a credible force to be reckoned with? (kindda an "in-your-face" tactic just to make Baosteel sit up and notice the new kid on the block? or was it all set up by Baosteel?).
Anyway, now they, RCF, have approx 40M shares or apprx 20%...and Baosteel just tried to maintain 9.9% by spending a measly sum of $1.33M, while it has an option to jack the holding up to 19.9% (after 2 May 2012)?
Score: 20% RCF versus 9.9% Baosteel. No problem for our deep-pocket friend from the East?
Speculation, anyone?
goldhunter
------------------previous post--------------------
RCF is now way ahead of Baosteel?
posted on May 10, 12 07:01PM Use the IP Check tool [?]
Just wanted to be sure: RCF with the $10M PP (19.2M shares) now has about 40M shares of NOT (= 40/208 = 19.2% OS give and take a bit). If this is true, then...
Questions (too many): Why Baosteel just wanted to sit at 9.9% level (by buying 2.56M shares for $1.33M) while it has an option to increase its holding to something like 19.9%? Is it because it is does not have to do this right away (can do it at a moment's notice)? Or is RCF a proxy and can be bought out if the price is right? and Baosteel want to have some dry powder in reserve. So, hypothetically speaking there are 2 blocks of approximately 20% + 10% +10% (in reserve) = 40%. That would be enough to block a hostile TO? Note that 20% +10% is not quite 2/3, but with the 10% in reserve that would push the total over the 1/3 level."
