Not much joy for RES holders especially of late. It's hard to believe we've fallen so far below 50cps.
Maybe smart brokers are pushing the price down to give CBA, ICM, Citi et.al a chance to average down and so avoid being heavily diluted by the recent cap raising? As we all know, this expensive rail 'side-project' wasn't exactly anticipated. The bot buying/selling a few days back adds weight to this argument.
What other good reasons could there be for such a lame share price? It's not like RES has done anything wrong. Placement to ICM at .575 and now we're more than 10cps lower than that!
Not much joy for RES holders especially of late. It's hard to...
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