RGL 8.33% 0.6¢ riversgold limited

Amigo, my guess is that the same crowd who has been selling has...

  1. 2,805 Posts.
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    Amigo, my guess is that the same crowd who has been selling has also been buying. The trading is causing a perserved weakness in the shareprice during the period after the cap raising last month. But IMO it is not due to a weakness in the company's funadmentals. So if you are in the stock for the longterm, as I am, we just have to accept it as a normal process that occurs after a cap raise and when a junior explorer announces that it is onto something and, as a result, it hits the limelight. Below is a simple chart which shows how volumes have dried up lately at these lowered prices - to me it indicates that the volatile short-term trading is no longer getting bang for buck. If so, the price could rise from these recent lows. Let's see and good luck.

    https://hotcopper.com.au/data/attachments/4912/4912411-79b9b12d348390e0f6693041636f0517.jpg

 
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Last
0.6¢
Change
-0.001(8.33%)
Mkt cap ! $7.964M
Open High Low Value Volume
0.6¢ 0.6¢ 0.6¢ $17.83K 3.227M

Buyers (Bids)

No. Vol. Price($)
44 18221724 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 1729635 5
View Market Depth
Last trade - 14.04pm 30/07/2024 (20 minute delay) ?
RGL (ASX) Chart
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