RSG 4.38% 65.5¢ resolute mining limited

Ann: Becoming a substantial holder, page-3

  1. 950 Posts.
    lightbulb Created with Sketch. 402
    Well well well......look who was playing with the stock.

    Credit Suisse....WOW and who else, yet to be known. Some funds will deliberately stay below 5%.
    Borrow- Short- Accumulate.

    From 1 Oct 19 to 13 Jan 20....they accumulated 48 million shares.
    During that period the SHORTS increase from 1.78% to 9.91%.
    Retail people scratching their head. RSG is so bad that Credit Suisse
    decided to become a substantial holder. They bought exactly inside the blue box.

    Capture2.PNG

    Accumulation  is happening.
    9.91 % short sale needs to be unwound, roughly 90-100 million shares to be bought back.
    RSG business streamlined. Forecast of healthy margins from now on.
    Capital Raise is looking unlikely for now.

    Capture3.PNG

    This Short trade has to be closed.
    I am sensing a rapid rise in the share price.
    Let's see what happens.
 
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Last
65.5¢
Change
-0.030(4.38%)
Mkt cap ! $1.458B
Open High Low Value Volume
66.0¢ 66.5¢ 65.0¢ $2.091M 3.169M

Buyers (Bids)

No. Vol. Price($)
27 309103 65.5¢
 

Sellers (Offers)

Price($) Vol. No.
66.0¢ 306129 31
View Market Depth
Last trade - 10.41am 30/08/2024 (20 minute delay) ?
RSG (ASX) Chart
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