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RMG 1.1¢

Bad news if you still hold..

  1. RMG has held the 100% retracement at 6c through three challenges now over since mid June but it looks like this support must now capitualate with 200k of stock being offered at 5.7 and 5.9.

    Todays announcement which looks a good one until you read past the heading wouldn't be helping either - what looks initially to be the signing of a major contract wih Telstra instead turning out to be a substantial downgrading of the existing relationship...

    5c still looking good here.

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