Australia's largest stock trading and investment forum Australia's #1 stock forum

RES

Click for more information

0.00%

$4.61 resource generation limited

+1 @Powerage. If I were looking to build a position in RES right...

First 21 Last

Share
Profile

Follow
goggledog

7,054 Posts.

218

06/10/16

23:31

Post #: 19683245
Share

Originally posted by Powerage ↑

And therein lies the problem puss...

Unfortunately no one with a bit of dough to invest wants to move their own price up that much whilst buying.

This thing will bounce hard over the coming weeks, I'm sure of it, but we will actually need a few week hands showing up so that people with 50 - 100k that want to have a dip can get on in the low teens (and there are plenty of these punters around that are playing in the spekkie end of the Coal story that will throw that kind of coin in once RES has a couple of Anns and there is some liquidity).

News flow over the next few weeks will be the big driver here as we all know. Coupled with the AGM (In Bris for some reason) and this thing should be well into the 30s by the time Santa gets here. Here's hoping his sack is bulging and he empties it all over RES shareholders.... Er, wait, hang on that wasn't meant to sound like....

All IMO, DYOR, BSMR (buy some more RES)

Powerage.

Expand

+1 @Powerage.

If I were looking to build a position in RES right now, the lack of liquidity is an issue. I think at these prices, it's fair to say the stock is very tightly held. Most shareholders are sitting on a loss right now I'm guessing.

RES's time is coming IMO.

GLTA shareholders.

RES Price at posting: 11.5¢ Sentiment: Buy Disclosure: Not Held
4 Upvote

0 Great analysis

Reply

Top Stories

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Why are so many ASX explorers setting up shop in Saudi Arabia? + 8 stocks to watch

The Rising Tide: How institutional adoption is shaping the future of crypto

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

There are more pages in this discussion • 77 more messages in this thread...

First 21 Last

Add RES (ASX) to my watchlist