This is a perfect example of how to manipulate share prices on ASX
A shareholder spend $ 10,000 over a short period and increase the price from
0.005 to 0.013 increasing market cap.from under 1 mill.to 2.43 mill.
Now,who can benefit from this?? Daytraders or big shareholders ??
I'll leave it to Hot Copper readers to judge.
To the monetary situation:
Without a cash R&D rebate,RDS will have to end its life as a listed company end june 2015.
It is debatable whether an infusion will do any good to this company,other than secure management salaries for another 6 mths.Fixed cost + exploration commitments will last
apprx.6 mths. and then what? Don't forget the commision to be paid on R & D=7- 10 %.
RDS have done nothing since mid 2014 apart from evaluation of samples already taken earlier. I say it again-close this company to prevent the bankrupt brothers to take further advantage of this situation.RDS management are apparently not willing to take any action to rectify this.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.627M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $2.52K | 504.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 30375250 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 10374266 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 30375250 | 0.004 |
18 | 35209737 | 0.003 |
14 | 14695024 | 0.002 |
11 | 17200000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 10374266 | 7 |
0.006 | 3492265 | 7 |
0.007 | 625230 | 2 |
0.008 | 621100 | 2 |
0.009 | 787817 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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