This stock used to run with the DJ coal index but that has gone up 20% (250 - 300pts) in the last week and this stock has moved nowhere. I for one am getting really sick and tired of whomever it is that is keeping the sp in the low 50's just so they can get their fill. So far all they have achieved is bogging the momentum down so I hope that they are prepared to get out and push this going again!
I sit here and watch alot of other stocks going for a run upwards of 50-100% over the couple of months and this sp is still basically the same as it was when I first bought in 2 years ago at the old 4.5c! That was BEFORE they had any tenements in SA, and effectively no coal anywhere. Look at what they have now and I agree it is severly undervalued but why is it languishing in this quagmire?
Sorry - just having a rant but I too am wearing thin of the overly positive sentiments shared here with no sp movement. Everytime this stock moves someone comes in and loads up the sell side with 100's of thousands of shares just to keep it down! The rest of the market has moved quite a bit upwards along with the coal index and this stock has effectively halved in value.
To those who are now going to tell me to sell up and move on - sorry - not yet - just getting sick of not seeing my investment increase despite "all the boxes being ticked" I too am getting ticked!
Now - where is that scotch gone!
evening all........
RES Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
