RSG

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52.0¢ resolute mining limited

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Jondom

125 Posts.

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25/03/21

10:53

Post #: 52028465
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Originally posted by flaming: ↑

This is madness.
As bad is the news, it in no way warranties a 20-25 % off the market cap, which already was heavily discounted. I am amazed by the action of the RSG retail shareholders. The people who are selling now should never ever consider buying RSG shares again.....at any price. Best to stay away if they can't handle the pressure of looking at paper loss.
This news has fallen right into the hands of shorters. The 80-90 million short sold shares will be covered. What a fantastic oppurtunity for the shorts to cover. It's what they been dreaming for all the time.

So the mining licence is cancelled now. It will be very naive to guess there is no foul play here. Someone wants money. Once the people in power get what they want, this sale will go ahead one way or another.
I also suspect something larger in play here. Bigger forces. At this depressed share price, a takeover will be forthcoming if the share price remain depressed.

To me all it means is the amount form the sale is delayed. Yes, there will be legal mumba jumba.....it will be settled. In the unfortunate circumstance of RSG getting nothing out of it.....the company is still there with two operating assets. I am not sure how much value was given to Bibiani before the sale was announced. Since the sale the share price was dropped from 83-62c. The same retail people were saying RSG gifted Bibiani to the Chinese. It was a steal bla bla bal. Now the sale for some reason not going through a 20-25% hit to the market cap. This is madness of the retail mob or they are simply falling into the trap.

I picked up a tiny parcel at .465

View attachment 3041419
Wish I could have bought all my shares at these prices.
The shorters must be saying a big Thank you to the people who sold and are selling.

I can't advice but I myself am buying...will look to buy more as per available funds.
This is indeed a very difficult game....not suitable for many.

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people are weak...

RSG Price at posting: 49.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 52.0¢		Change 0.000(0.00%)		Mkt cap ! $1.107B

Open	High	Low	Value	Volume
52.5¢	52.5¢	51.5¢	$2.700M	5.188M

Buyers (Bids)

No.	Vol.	Price($)
5	172817	52.0¢

Sellers (Offers)

Price($)	Vol.	No.
52.5¢	163214	6

View Market Depth

No.	Vol.	Price($)
1	70000	0.520
4	153688	0.515
8	91531	0.510
5	40849	0.505
9	106150	0.500

Price($)	Vol.	No.
0.525	30747	3
0.530	156600	4
0.535	618649	2
0.540	49149	2
0.545	132935	7

Last trade - 16.10pm 28/06/2024 (20 minute delay)

RSG (ASX) Chart

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