A 24c close is quite significant as it's the first time we've closed above the last placement price since April. Looking at the brokers that did the last placement, I'd say the bulk of the shares went to loose hands making 24c even more significant. Whether today's 33% increase was due to the news article buy recommendation with day traders helping it along, or due to a leaky ship with imminent news is yet to be seen. Of course a 33% increase with a big volume increase will alert the day trading community.
I'm not a chartist other than looking at trends, hopefully we've broken that downtrend. Fundamentally we have expanding sales of machines & Fertigation - cash coming in the door and 3 company making projects that have been delayed but must be very close to consummation.
For new holders, or those interested in this stock, this link gives a factual summary of where we are at.
https://hotcopper.com.au/threads/where-were-at-summary.4761369/#post-39168997
Also HR posted another summary here
https://hotcopper.com.au/threads/ann-rotogro-operational-update.4823842/page-41?post_id=39410791
- Forums
- ASX - By Stock
- RGI
- Can you feel it.
Can you feel it., page-32
-
- There are more pages in this discussion • 709 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla