Truth is when SP started moved RSK did a deal with Institutional which is ok but giving them 25% discount scared holders and also it creates distrust between Retail holders and RSK, where he could push the thai loan first and let the sp moved to $3 then do CR and pay the loan off. Could be risky but retail might love it or retail is dog shit anyway. I do myself didn’t like the deal but he knows better insight than me.
It is obvious his institutional holders didn’t support the price and letting it slide. Now he needs to earn his trust again with retail by showing his performance as he got money. Few extra ounces production like 5k ounces per month will blow the market. Good exploration results, settlement news and NE sell will give him some credit too.
Truth is when SP started moved RSK did a deal with Institutional...
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Last
$1.69 |
Change
0.050(3.05%) |
Mkt cap ! $435.6M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.70 | $1.64 | $687.2K | 409.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73105 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 4023 | 1 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |