Without a favourable finance deal announced VERY soon, there's only one way the SP will go. Down, down, prices are down!!! That 30k trade looked like a cross trade between accounts to me. Let's face it, there is no liquidity, volume has dried up. The depth looks ordinary and no one is talking ... The outlook is bleak!
P.S Fancy, I'm pretty sure PJ's investment in RES is a lot less than $8M. Probably closer to $3 or $4m which has been offset by a hefty $500k salary over the past few years + performance shares etc. Whilst I'm not critical of PJ, I don't think his financial contribution to RES should be considered a comfort to shareholders. If he was buying large amounts of shares on market at the moment, that would be different.
RES Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held