REZ 3.70% 2.8¢ resources & energy group limited

Ann: Drill Results Extend Gigante Grande Mineralisation to 1.2km, page-54

  1. 10,486 Posts.
    lightbulb Created with Sketch. 2755
    Time to think again on previous results - expectation - and these new results.

    1. I was surprised the long green bar (Tue 20/10) held - almost like it was kept up by hot air - normal would have been a 50% retrace and watch.
    2. It did hold so I got my position sub 9c - I assumed there were smarter men than I in the know - but also I thought that high grade snuggled up to a sheer zone was magic.
    3. I wanted the ride if it was another DEG. Envy for those who bought in at 3c. Shows need for constant research.
    4. Today's ann states new results which do not follow thru.
    5. From comments here I conclude a lot of holders jumped on disappointment - not on cold hard facts.
    6. Two short holes are unexplained - maybe there is a blame game in play - Could be that was the target depth and nobody thought it thru in time. Also possible it was due to an inadequate drilling machine or the drill bit got stuck in broken rock near the sheer zone, or simply that RC could not progress thru broken rock. Solution is to drill again with an offset.
    7. Nobody said this game was easy.
    8. Fundamentals are only slightly changed - strong evidence suggests an extensive gold system - with some super grade shoots.
    9. Chart is not nice, but a close around 8c will indicate strong hands in the game.
    10. Very important that Goodenough ann has shown promise of early cash flow to support exploration - more expected from there.
    11. This is my throwaway, and strictly IMO that 7c was a good buy.

    DYOR please.
 
watchlist Created with Sketch. Add REZ (ASX) to my watchlist
(20min delay)
Last
2.8¢
Change
0.001(3.70%)
Mkt cap ! $18.10M
Open High Low Value Volume
3.0¢ 3.0¢ 2.8¢ $40.75K 1.382M

Buyers (Bids)

No. Vol. Price($)
2 1125492 2.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.9¢ 899357 3
View Market Depth
Last trade - 13.39pm 26/08/2024 (20 minute delay) ?
REZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.