RCH richfield group limited

are you guys for real dont you see the scam, page-4

  1. 2,250 Posts.
    vooni
    what is it ur so confident about?
    not having a go, but curious at the volume going through.

    as for justbargains, you could be 100% right. Being a glass half full man i make following comments:
    1) 534m options could be just to get players set in shell. Do you know how hard at present it is to get a shell. Doesnt make sense to mainpulate price up only to sell and go, damn now got shell and doing nothing with it. + gives bad reputation for those directors and this given ASX has queried price - you wouldnt dream of doing it. Just have to look at Reefton Mining as a classic case and ASIC shook the cage.
    2) If you run down the list of the 534m none are top 20 from AR2007. Most of AR2007 could be the ones selling at 4-5c from last run given that prob all time high. THis is evident with huge sell chunks taking out buyers, but buyers keep pushing
    3) Volume on Friday was curious, if u watched the activity, the sellers pushed the price down. 1 buyer took out 3.6c with single 4million share buy. Sell on close stopped it from hitting 4c. I think sellers could be old directors and their mates.
    4) Molly project - for RIO to spend US$20m either there is nothing there or RIO was forced to give up by law or RIO didnt wanna play in Molly space or commodity price too low - this is the key to know if project a real deal.
    5) Remember lawyers are on the board now, they know how to work capitalisation of a stock. Issuing more shares allows them to achieve this and get set for the ride.

    If Molly anomalies show huge Molly deposits, then this will fly. Or as justbargains said, could mean 0.5c again
 
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