Yeah it’s an interesting one @steve10. You would think if an...

Yeah it’s an interesting one @steve10. You would think if an international management fund were convinced enough to invest 28million dollars in RECCE it with strengthen shareholder sentiment. But for the share price to retrace to 1.04 on decent volume seems strange (not sure if it’s been manipulated or not). Retracing to 1.30, yeah I can probably understand that, but to 1.04 seems like we’ve missed something in an announcement.
People are either selling to cut their losses (anyone buying within the 1.20< range and selling would be forgiven for thinking that its going back to sub $1.00) or people are not fundamentally aware of RCE potential at this point in time.

There haven’t been any alarm bells in the previous announcements or listening to James to change my sentiment here. I cant see the market preempting a negative announcement seeing we’ve got positive results from both R327 and R529 to date. And with the amount of back end announcements due in the last quarter of this year I’d much rather be “in” than “out” of this one. I agree that the price run needs a bit of a breather. I’d be happier to see a 6-10% increase month on month instead of the volatility we’ve seen in recent times. But selling at this point in time just doesn’t make much sense to me. Maybe I’ll live to regret my words… maybe I’ll retire early and get RCE number plates on a new car.