RDS 0.00% 0.5¢ redstone resources limited

This is a perfect example of how to manipulate share prices on...

  1. 79 Posts.
    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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Mkt cap ! $4.627M
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0.5¢ 0.5¢ 0.5¢ $2.52K 504.0K

Buyers (Bids)

No. Vol. Price($)
4 30375250 0.4¢
 

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Price($) Vol. No.
0.5¢ 10374266 7
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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