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Serpeant:what am i missing here???In late February RES was...

  1. pussinboots
    653 Posts.
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    13/11/09
    11:11
    Post #: 5909576

    Serpeant:

    what am i missing here???

    In late February RES was trading at 20 cents.

    Since then it has moved up to 50 cents and had a doubling of its shares on issue.

    The market cap has essentially gone up 5 times from its Feb low!!!

    I dont know how you measure success, but when a company goes up in value 5 times, thats a pretty good result (even if it took years to do so - as apposed to just a couple of months).

    I recon someone decided to forgo the rights issue and is experiencing some sour grapes.

    How can you have issue with a 5 bagger?
    RES Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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