dangerous times and sell signals

High volume falling price. Company with very little cash.

Unfortunately there has been too many burnt soph's, and instos on this stock now.

This coy is near broke, and the likelihood of a JV whilst always possible remains highly unlikely. Constant dilution will therefore occur. Name the last time a small gas explorer was snapped up.

Have the SI's already seen the details of a new raising? More than likely IMO.

The lucky few probably scarpering for the exit on futile pumping statements.

Nobody cares anymore. So many shares are still held from previous raisings, that in the unlikely event that the SP will go to 3.7c, the invisible wall of sellers will stifle any movement from there for an indeterminate period. (No one who took up that particular offer got out with profit),

A very worrying signal is continually lower priced dilutive capital raisings. Even more worrying is continual falling price on high volume on pump announcements. This is the ultimate sell signal. Nothing can make the price go up with further dilution most likely.

I was in the Top 20 in this coy. many moons ago, and got out with a huge loss last cycle. ROG has been pumped and dumped twice now and as I predicted the massive unseen wall of sellers at the aforementioned 3.7c level will not be broken easily for many years if ever.

As the contaminant issue from coal seam gas is rising from it's infancy, it seems to be an even more unattractive risky place to put ones money. Why put your money in Afghanistan (metaphorically speaking) when you can put your money in Switzerland (base metals etc).

There is sadly no big deal about a bit of methane. The USA has over 500,000 gas wells now for a population of around 300,000,000. Thats a gas well for every 600 people. Drill just about anywhere and you will discover methane to some degree. (Methane-Whoopee).

I think RG's cred is seriously damaged. The constant hopeful pumping anns. probably don't help. Neither does the RER failures and cynical Congo gold project when all else has been run into the ground.

So many better places to put your hard earned IMO.

Dangerous times indeed.