It looks to me like someone is manipulating this knowing that major price catalysts may still be some time away
Sells all day were placed into 60c to ensure it finished offered 60c
We have seen numerous times small volume used to drop it between spreads, or places a pip above the next highest bid to entice lemmings to sell directly into the bid
We have the highest grading deposit on the ASX, Bunawan showing signs of high grade gold, Mabilo mineralised outside the original zone, further drilling at both Bunawan and Mabilo, yet we are trading just 3c off all time lows
There is a serious disconnect between the current price and what this stock is worth, and I put this largely down to manipulation. How else can the current market cap be justified ?
They raised $15M in an oversubscribed placement at 68c, yet despite that they have continued to manipulate it down to 60c offered
It looks to be intentionally being held down for a lowball bid at the end of the year
RTG Price at posting:
60.0¢ Sentiment: Buy Disclosure: Held
(20min delay)