The sellers are dead in the water. They have sold as much as they could, no ammunition left. The shorts percentage has dropped from over 10% to now 7.6%. Must be some good production numbers circulating within the shorts. Hoping for a massive squeeze to over 80-90c. Come on Stuart....give us the numbers.
This is the best time to get involved with this stock. After a massive 12 months downtrend fuelled with all sorts of problem, some within their control and mostly out of their control, the stock is slowly trending up. Bit of short covering, bit of market realising how bad days might be over. The daily shorting numbers have declined so they are not interested in shorting anymore. Good production numbers accompanied by closure of Bibiani sale (which is in the works) will propel this stock over $1. Coming soon.
Thanks to all the naysayers and many many thanks to smart boy @samcharlotte77, who worked relentlessly day & night to help me average down and accumulate a nice position. Keep up the good work. God bless you.
It's hard to believe on a day like today, bloodbath in GDX and GDXJ, RSG is marching higher. Nice run from 52-53 to 62-64 and then pullback to 59-60 possibly. All signs are telling RSG's bad days are over and good days on the horizon.
Some charts below. Thanks guys.
Ichimoku cloud is indicating best time to get involved.
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Last
70.5¢ |
Change
-0.005(0.70%) |
Mkt cap ! $1.500B |
Open | High | Low | Value | Volume |
70.0¢ | 71.0¢ | 69.0¢ | $9.005M | 12.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 151500 | 70.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
70.5¢ | 99995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 144000 | 0.700 |
1 | 5500 | 0.695 |
13 | 315905 | 0.690 |
9 | 230611 | 0.685 |
18 | 304195 | 0.680 |
Price($) | Vol. | No. |
---|---|---|
0.710 | 50000 | 1 |
0.715 | 111762 | 4 |
0.720 | 198762 | 3 |
0.725 | 58223 | 2 |
0.730 | 97294 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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RSG (ASX) Chart |