Obviously the selling is coming from current holders that are selling.
The pertinent question is one of motivation. Is the selling intended to cap price? (I don't discount this explanation but see no evidence to support it), or some other reason (e.g. Selling from a major holder, prevailing view that 20c reflects or surpasses fair value etc etc)
One of the posters from yesterday suggested the languid sp movement is reflective of a generally cautious attitude in the current market to the commodity sector and speccies more generally. This seems like a reasonable explanation in my opinion (but keeping an open mind)
Don't get me wrong, I'm most definitely a bull and loving RVR at these prices. RVR Management have done a fine job pulling together the strings on this one so far. Keep up the good work lads
RVR Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
