Hi Recruiter - you asked me a question mate and I am happy to try and answer it for you.
I think the first thing to say is that if Stefano does not know why the SP has retreated so far then nobody could really know.
My own opinion is that it was probably a bit over bought and without fairly constant ,very good news, the SP on all newer companies - not just RLT, will reverse after that initial interest and hype has abated.
For most of us, we all see how important 'market sentiment' is to our companies share prices. The moment it falters the SP is invariably under stress and that's what I see with RLT.
RLT is a junior miner and for those that don't know, all junior miners go through what is commonly referred to as an 'orphan stage' that shows a graph on the cycles that affect juniors and RLT is certainly been going through that orphan development period and the SP will invariably cycle as well.
What has changed for the better is the outlook for our future.
From Stefano's news releases, It is even stronger than before and with this current dip in the SP, now is nothing more than a terrific time for all investors, especially the smaller buyers to be able to pick up a nice holding that will help their families out in the future.
- Forums
- ASX - By Stock
- RLT
- Ann: Update on R2D2 drilling - gas odour detected
Ann: Update on R2D2 drilling - gas odour detected, page-82
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RLT (ASX) to my watchlist
|
|||||
Last
$1.02 |
Change
0.020(2.00%) |
Mkt cap ! $29.41M |
Open | High | Low | Value | Volume |
96.0¢ | $1.02 | 96.0¢ | $18.16K | 18.03K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 215 | $1.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.02 | 122 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 215 | 1.005 |
1 | 7604 | 0.980 |
1 | 1638 | 0.975 |
1 | 5193 | 0.970 |
1 | 50 | 0.965 |
Price($) | Vol. | No. |
---|---|---|
1.015 | 122 | 1 |
1.020 | 2706 | 1 |
1.045 | 1105 | 1 |
1.050 | 25000 | 1 |
1.100 | 11000 | 2 |
Last trade - 11.49am 15/08/2024 (20 minute delay) ? |
Featured News
RLT (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online