This is a perfect example of how to manipulate share prices on ASX
A shareholder spend $ 10,000 over a short period and increase the price from
0.005 to 0.013 increasing market cap.from under 1 mill.to 2.43 mill.
Now,who can benefit from this?? Daytraders or big shareholders ??
I'll leave it to Hot Copper readers to judge.
To the monetary situation:
Without a cash R&D rebate,RDS will have to end its life as a listed company end june 2015.
It is debatable whether an infusion will do any good to this company,other than secure management salaries for another 6 mths.Fixed cost + exploration commitments will last
apprx.6 mths. and then what? Don't forget the commision to be paid on R & D=7- 10 %.
RDS have done nothing since mid 2014 apart from evaluation of samples already taken earlier. I say it again-close this company to prevent the bankrupt brothers to take further advantage of this situation.RDS management are apparently not willing to take any action to rectify this.
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $4.626M |
Open | High | Low | Value | Volume |
0.6¢ | 0.6¢ | 0.5¢ | $103.8K | 18.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 7848999 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 600000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 7848999 | 0.005 |
13 | 11658000 | 0.004 |
23 | 68409352 | 0.003 |
12 | 11145024 | 0.002 |
9 | 11700000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 600000 | 1 |
0.007 | 2242372 | 10 |
0.008 | 3861166 | 11 |
0.009 | 6458333 | 6 |
0.010 | 4000000 | 3 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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RDS (ASX) Chart |