RRS 0.00% 0.1¢ range resources limited

It's nothing to do with conspiracies theories or the stock being...

  1. 478 Posts.
    It's nothing to do with conspiracies theories or the stock being 'held back'. The market has decided that 15c represents an overvaluation of this company at the present time, that's all.

    2 million resistance isn't that great really. If it was 20 million I might agree, but the average trading volume per day on the AIM is something like 22 million, so if we got good news, 2 million won't hold us back at all. If the disparity between the ASX and the AIM got too great, AIM investors would choose instead to buy on the ASX to get a lower price, which would in turn move the price to AIM levels.

    It's the term 'coming weeks' that is causing the sell down I think. 'Coming weeks' in RRL-speak can mean a very long time indeed.
 
watchlist Created with Sketch. Add RRS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.