Chief,
The market is valuing RNI tenements at $115mill now while it seems that Red Bore is beginning to have a negative affect on the THX sp.
With the amount of manipulators on the ASX and the ASX powerless (or unwilling) to do much about it, these sort of distortions in valuations are only going to continue.
It certainly makes a mockery of the "Efficient Market' theory.
Maybe RNI will suffer form 'buy on rumour, sell on fact' unless they never drill and never bring fact to fruition. They could be trying to pump the stock for a cap raising. It's always better at a high price.
Chief, The market is valuing RNI tenements at $115mill now while...
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $35.70M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $931 | 184.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 29192225 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 30716028 | 31 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| OAU (ASX) Chart |