It is a puzzling choice. Very double edged sword. The purchase does highlight no imminent news, which I would imagine will usher in the SP going further south.
If I was to view it through an unbiased lense my takes would be as follow:
Optimist route:
- Slow buying commences, yes only 2k but its important to note, no matter how small a 400+% rise is always appreciated
- Could signal that stages have progressed not to near term but to something more concrete the previously
- Could be making the announcement to drive the price lower knowing the "read between the lines impact" of no news immiment to allow for a cheaper buy in for friends and co
- Could be a subtle way of telling holders that nothing is on the table for month so stop emailing me
Confidence rating 2/10: Such an insignificant amount does seem more like a parlor trick then a smart play. Believe that the last two points are most viable. Remember the floor price for the loan is 1.5c
Pessimist route:
- Attempt to provide some excitement to the market knowing that nothing is on the table still.
- Have seen past directors buy in small amounts before the truth outs in past (MNS an example, the worst mind you but still)
Confidence rating: 5/10: The story for months has been the key focus is asset realization. There have been a few on here stating in interview TO has mentioned that we are getting to the next round but this clearly shows it hasn't.
All in all, a truly puzzling announcement one that doesn't invoke any confidence and for a feeble amount of 2k no less.
I have a decent holding so I will see this through but for holders it looks like its more then likely we won't have a deal by years end.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.142M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $5.1K | 2.55M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 21738357 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 4679253 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 21738357 | 0.002 |
17 | 43051501 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 4679253 | 11 |
0.004 | 12895274 | 10 |
0.005 | 2946002 | 7 |
0.006 | 2063830 | 2 |
0.007 | 135555 | 1 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
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REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
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