Bailed out today with a loss. I was trying to figure out why this dog is so bearish. Read their reports again and noticed two things. One, they lied too many times. On the January report they reported net loss 380m and this month 460m. 80m disappeared for no reason only after one month, not to say the 50m tax never mentioned before. the hard earned CPP money is only 140m so far. Two, this dog always produced a nice quarterly report with production improvement, followed with another report of cost blown out badly. That is a pattern now for the management to pump the price. Now looking at the chart, it goes bearish on all short mid and long term. So risky to hold.
Is RSG Over Sold ?, page-107
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Last
65.0¢ |
Change
0.025(4.00%) |
Mkt cap ! $1.383B | |||
| Open | High | Low | Value | Volume |
| 63.5¢ | 66.0¢ | 63.0¢ | $6.505M | 10.05M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15111 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.5¢ | 185677 | 8 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |