RRP 0.00% 8.5¢ realm resources limited

Ann: Consolidation/Split - RRP, page-36

  1. 4,745 Posts.
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    Not too sure about the need for this gap to close MsB.

    A pretty significant suspension and set of transactions taking place, so a breakaway gap could be expected.

    RRP still has plenty of corporate activity to complete (consolidation and CR) and to still to produce another quarterly to help give a clear picture of its debt and profitability, so of course there is going to be share price volatility.

    This will bounce both ways over the next month or two.

    The biggest concern is that every person who has bought since reinstatement is now sitting on a loss.

    It's pretty safe to assume a large number or retail investors are in that pack, meaning that until any real new news is released, and until all corporate changes are dealt with, any rally will be met with a lot of selling pressure.

    Looking for an entry myself, but hoping to be in the low 7's (50% retracement from recent high) but with volumes already beginning to dry up I'm not sure it will get there.

    Milesy
 
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