Did anyone see Gary Glover from Novus Capital - a top notch technical trader but for once talking fundamentally, saying on YMYC (Foxtel share show) how Red Fork was now significantly undervalued in relation to its assets and how it had been let down by management, thus accounting for this extreme low? Music to my ears! It's certainly had an effect this morning - over 5 million gone through in the first half hour of trading. I doubled my holding - I'm just a trader caught up in this trying to ensure that in the hopefully unlikely event of a lowball takeover I recoup most of my outlay.
RFE Price at posting:
10.7¢ Sentiment: Buy Disclosure: Held
