Morning trading October 14, page-114

  1. 3,367 Posts.
    lightbulb Created with Sketch. 623
    RLT

    That bot puts off alot of buyers, it is pretty ruthless. I use it as an opportunity to buy each dip. It's obvious whose behind the bot and buying on both exchanges. The register on RLT unlike anything I've seen. 24M shares, 95% held by management or funds who won't sell. The Johannesburg exchange just as tight. Hence so easy to manipulate.

    In terms of the RLT prospective resource, it's larger than the reserves of all of Qatar, Algeria, Russia, the US. It's also the highest concentration in the world. 3.5% average compared to 0.5% in the US and 0.3% in China.

    I hope management can defend a T/O. The stock would be $5+ on a gas find. Someone is doing their all to keep it down. Something like 110 trades the other day all under 200 shares and all into the bid. Could very easy become a unicorn if they hit that resource.

    https://hotcopper.com.au/data/attachments/2557/2557038-952758eedb7bce0d74ab4f36b4fd94b8.jpg



 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.