I know all this 1st hand Jammit...no use in preaching to the converted.
Total RRS Shareholder Return
(avg annual rate)
1yr 3yr 5yr 10yr
434.9% 6.3% -15.5% -6.8%
As for "Perhaps if you listened to some of those rumours"...well I did & I lost. Why? Because I was before your time & listened to the rumours in the 5yr ago bracket. (I have parcels in both the 5yr & 1 yr columns).
Newcomers that have purchased shares in the last 12 months have nothing to lose, so it doesn't matter. Easy come easy go.
As for "this is aspeculative share, and most specs run entirely on rumours first, facts second" Oh derr...this is my sentiment exactly.
The facts are this share could be worth 10% of what it is currently trading at, in 6 months or even 6 hours time - yet again.
RRS trades peaked at $11.11 in 1987, and $4.24 in 2000. (this was before the 20:1 consolidation. Does that mean $222.22 / $84.80 in today's terms?...dunno if Commsec factors it in or not)
On both of these occasions the share was worth pittance the next day.
D?j? vu, or maybe a new RRS? I hope it's the latter but I wouldn't trust your take on it, therefore no need to reply.
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