What we saw today imo was a deliberate attempt to cause panic in the RAU marketplace.
It succeeded.
How else can one explain the imo strategic placement well before trading started of six separate 3 million shares sell orders starting at 26.5c which was one cent above yesterday's close?
Not only did it cap ... it led to a panic with numerous stop losses being placed imo.
I wonder how many shares at 16c/17c the person or persons who placed the six 3 million shares sell orders bought today?
Now as to the Boardroom Radio presentation released a short time ago by John Kelly.
It is "Business as usual" he said.
Regarding Mt. Carbine, John Kelly indicated that it took some weeks to log the 900 metres of core and importantly added:
"We have a good idea of what's at Mt. Carbine and nothing we've seen to date causes us any real concern with the project which is good."
About RAU's current projects John Kelly said:
"...we've got five really good projects, four in Qld. and one in NSW and all of them at this point in time are looking fantastic ... Mt., Carbine is a potential company maker for Republic hopefully that will come up with the goods for shareholders in years to come."
All is good imo.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
