>Audio link< of conference call (quality bad at times):
* Q&A from 11 minutes.
I previously detailed how RSG has a history of meeting FY guidance (I know this is 1 Qtr), so its disappointing there has now been a downgrade to expected FY18 guidance. I expect a ST flushing of impatient holders (& reducing exposure by some holders).
Chartwise - I think the key is for RSG to remain above 200(d) SMA. RSG chart remains LT sideways bound, after $1.30 region was hit again as Resistance. An older chart (here) from Feb gives an idea what I am talking about.
On the positive side though, with the larger ASX gold stocks doing well in recent months (excl. NCM), there may be attention back on RSG again soon given its projected growth profile in the coming year(s). RSG is the growth story - but it has to deliver on those expectations. The market is unforgiving if it underdelivers (like today's guidance).
Ann: Quarterly Activities Report, page-37
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Last
67.5¢ |
Change
-0.010(1.46%) |
Mkt cap ! $1.437B | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 67.5¢ | 64.8¢ | $10.88M | 16.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36098 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 377203 | 5 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| RSG (ASX) Chart |