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Skinza

74 Posts.

33

15/01/21

13:25

Post #: 50196018
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Originally posted by Yenom23: ↑

Totally agree @dory
The shakeout was deeper than anyone thought but it looks like anyone who was nervous with a profit were shaken out. Volume is decreasing at the lower levels of 12.-13c and it looks like the 13.5 and 14c line will be broken soon.

12 weeks ago it was 22-23c solidly (before the major shareholder sold in an unsophisticated manner) and this looks like it caused a few new placement people to panic and also panicked some older holders - at that time RSH was cum raise and had $1.5m in the bank - now they have the runway to kickstart the business and this new product over the next 12-24months, it’s amazing some people are more worried now than before... it will climb the wall of worry with decent traction that will be progressively rolled out imho - many should remind themselves it’s not a drilling company with overnight binary results. The progress will be determined over a much longer period and pivots etc with marketing and business development are the norm.

These prices won’t last long here imho. As per usual in markets, when this price turns higher the people on the sidelines will start to get confidence to get back onboard.

I think we are in the cusp of breaking dory’s downtrend. I hope some of you get some cheapies at a 30-35% discount to the $12.5m raised at 20c..

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Solid trading today heading into 0.15.
Some big sell volume at 0.15 but they may be day sellers so looking like a good finish to the week.

RSH Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.4¢		Change 0.000(0.00%)		Mkt cap ! $27.51M

Open	High	Low	Value	Volume
2.4¢	2.4¢	2.4¢	$2.095K	87.29K

Buyers (Bids)

No.	Vol.	Price($)
2	156251	2.3¢

Sellers (Offers)

Price($)	Vol.	No.
2.4¢	113651	1

View Market Depth

No.	Vol.	Price($)
2	156251	0.023
1	226593	0.022
1	200000	0.021
3	650000	0.020
1	220000	0.018

Price($)	Vol.	No.
0.024	113651	1
0.026	295405	1
0.027	385942	1
0.030	195109	4
0.031	133599	2

Last trade - 11.25am 26/06/2024 (20 minute delay)

RSH (ASX) Chart

chart, page-1022

Eurozone-based companies find new ways to secure a regional lithium supply

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chart, page-1022

Top Stories

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End of FY is a time to juggle wins, losses and capital gains taxes

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