I wouldn't be surprised if some of the selling is due to the scarring some shareholders have endured over the years and are relieved just to get their money back.
But you are right, that's not tge way to invest.
RSG used to be a client of mine 10 years or so ago & they always struggled, they were too corporate for their size and Ravenswood was tough, everything was tough.
Admittedly I had my off the ball on these guys due to my experience and I'm glad i saw a headline and thought I would poke my nose in for a look and what a transformation I found.
At the current share price, good price and increased production, this company would probably be cash backed in 2 years. Quite incredible considering the mine life they have and other exploration opportunities.
$1 dollar club, page-111
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Last
61.0¢ |
Change
-0.005(0.81%) |
Mkt cap ! $1.298B | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 62.0¢ | 60.5¢ | $4.257M | 6.968M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 175546 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 7201 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| RSG (ASX) Chart |