RR1 7.14% 1.3¢ reach resources limited

Re rate happening, page-2802

  1. 6,591 Posts.
    lightbulb Created with Sketch. 1918
    Games being played.

    It was actually pulled from the market after a few very small nibbles bought into it, then it appeared in the Trades as executed with the Condition Code of SP (Special Crossing). (see image attached with the course of trades). It also doesn't show on the 1-min chart as a volume spike, so it was an off-market trade during market hours.

    That last sub holder notice for "Neesham" who works for CPS Capital, was actually a collective (as it notes and lists the other holders) so it wasn't just one person but CPS holding it for clients. Good chance this is them doing this, maybe a client of theirs wanted to sell from the 1c raise and made 20% and another client bought the $212k worth.

    The ASX has the list of all the difference codes; this particular one is for the 'Same Broker'. (see attached from the ASX)

    Not sure what games they're playing at, along with that 20m seller that appeared the other day too at 1.6c....a lot of effort for a mining spec that's had a few run ups already (0.003 to 1.7c) and (0.009 to 2c) that's having very little coverage across social media (unlike VSR or ZEU experienced), RR1 hasn't had the same massive pump in share price that those two had and each time it's tried to climb it gets a 7.5m/10m/15m/20m individual seller knocking back and stopping momentum but then the brakes are let off as we've seen in August (0.009 to 1.6c) and then September (1c to 2c).

    End of the day the assays will do the talking (even if David Flanagan likes the RR1 ground) and hopefully come back positive, then there's nothing to stop the price re-rating.

    https://hotcopper.com.au/data/attachments/5699/5699930-1fc12bfa2e2e41a7954c79f8aef7ef4a.jpg

    https://hotcopper.com.au/data/attachments/5699/5699932-c882c86e5eb1b973358a62d787b44f7c.jpg

 
watchlist Created with Sketch. Add RR1 (ASX) to my watchlist
(20min delay)
Last
1.3¢
Change
-0.001(7.14%)
Mkt cap ! $11.36M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $9.465K 705K

Buyers (Bids)

No. Vol. Price($)
3 433169 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1595000 2
View Market Depth
Last trade - 12.06pm 06/11/2024 (20 minute delay) ?
RR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.