Originally posted by SoConfused
I decided to sell some. Sick and tired of this stock being range bound. Also not happy about Director selling at this time. No explanation given and from my reading he needed a written clearance as sold in closed period. He couldn't wait one day? Its possible he needed cash quickly but why not say something to the effect? Am I reading this wrong?
Still holding large portion so it if shoots up its a winner anyway (minus the missed gain) and if it rolls down again I put some cash aside to buy some back if it makes sense. This way I won't be doing my head in with this stock. I was way overweight in RSG.
From Peters Appendix 3Y
"Part 3 – +Closed period
Were the interests in the securities or contracts detailedabove traded during a +closed period where prior writtenclearance was required?Yes
If so, was prior written clearance provided to allow the tradeto proceed during this period?Yes
If prior written clearance was provided, on what date was thisprovided?29 January 2019"
From Johns Appendix 3Y
"Part 3 – Closed Period
Were the interests in the securities orcontracts detailed above traded during aclosed period where prior written clearancewas required?No
If so, was prior written clearance provided toallow the trade to proceed during thisperiod?N/A
If prior written clearance was provided, onwhat date was this provided?N/A"
Looks like John bought some day later and he didn't need written clearance.
This is only in my opinion, not offered or to be taken as financial advice, DYOR
I have today also sold all my RSG shares out of my frustration with this company that have zero increase in the share price even though gold price has rocketed and other ASX gold shares have increased substantially. I have sold ECX shares to buy into RSG and look of what gains I have forgo in ECX in exchange for zero gains in RSG but also lost on brokerage costs. In fact, when I offloaded my 12,000 RSG shares at $1.145 today, it took 20 minutes to sell them, some buy a couple for shares and some buying ten shares each time.
My frustration further increases when i offloaded my final parcel of shares. At the time, there was a BUY of 580,000 shares at $1.135 and only 280,000 shares to sell at $1.14. After waiting for 5 minutes I have had enough and sold them at $1.135. As soon as I made my sale, the 580,000 Buy shares were wiped off and then the Buy at $1.13 was also wiped off. This means the shares did not move at all at the end of the day. Bad investment and experience with my cheap buy I thought of RSG at $1.14. I wish you all Good luck in your RSG investments. I have bought other shares straightaway and they are now showing good gains for the day. Makes me wonder why I hanged on to RSG for so many days - Guess total disbelief and unable to accept that this could happen to RSG with a booming gold price????
(20min delay)