RHK 2.50% 82.0¢ red hawk mining limited

I hear what you are saying iron9, and I hold MXR as well as FMS....

  1. 3,702 Posts.
    lightbulb Created with Sketch. 5
    I hear what you are saying iron9, and I hold MXR as well as FMS.

    The difference is the number of shares traded in the 25 to 30c spike for MXR, this was a short term flash in the pan.

    FMS spent months in the teens and low 20's, meaning the entry price for a much larger proportion of shares is on the high end.

    MXRO strike price was 20c, much higher above the near term average than FMS and FMSOA strike of 10c.

    FMS has already fallen from grace and has found a support level. That is not to say this will fail too, that is possible.

    If the global markets experience another round of great depression style developments, we could easily see much lower levels.

    So the main reason MXR fell after option expiry I think was the higher strike price relative to the near and mid term trading range.

    But don't quote me on that.

    If anything, FMS looks to have been capped to prevent dilution, but I find that hard to believe really, but possible. More likely it's some real nasty market manipulators continually pumping and dumping. This is fertile ground for these wankers.

    I hold long term and try and ignore these fluctuations.
 
watchlist Created with Sketch. Add RHK (ASX) to my watchlist
(20min delay)
Last
82.0¢
Change
0.020(2.50%)
Mkt cap ! $163.8M
Open High Low Value Volume
82.0¢ 83.0¢ 82.0¢ $1.746K 2.125K

Buyers (Bids)

No. Vol. Price($)
1 42 80.0¢
 

Sellers (Offers)

Price($) Vol. No.
81.5¢ 7842 1
View Market Depth
Last trade - 14.11pm 25/07/2024 (20 minute delay) ?
RHK (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.