There is some sense in all posts. Holding or buying RNI is only for those with faith. There is certainly big downsidee risk, but on the other hand there is the possibility of this being another Sandfire. Patience, as well as a watchful eye, will be required for those wanting to hold long term.
I think that, relatively speaking, there has been very good accumulation by someone(s) between $1.00 and $1.30 and it or they are doing a good mopping up job at around $1.15. I would therefore expect the SP to steadily rise once this mopping up is over. However, as other posters have wisely said:"It's a jungle out there", meaning that I might just be a gullible and naive victim who is in the process of being duped.
Nevertheless, I am leaving my money where my mouth is with this one, at least for the time being.
time to buy, page-11
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Last
0.5¢ |
Change
-0.002(28.6%) |
Mkt cap ! $2.383M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $24.93K | 4.464M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1659162 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 1473766 | 5 |
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| Last trade - 15.17pm 30/08/2024 (20 minute delay) ? |
| AUR (ASX) Chart |