RIA 0.00% 3.3¢ rialto energy limited

licence negotiations, page-16

  1. 17,111 Posts.
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    So, Just to confirm from reading all the contributors to this thread, the consensus is that this has has had a support failure at 2.2c, a technical breakdown at 2c (as it has more than overshot) with a new target of 1c, and a break below 1.8c should see high volume prudence selling from all and sundry to protect the few cents of remaining capital with a view to buying back at 1c?

    In addition, as this often has large moves prior to news releases on the ASX, we may also fear that selling is directly related to progress on IC license discussions? (either complete repudiation or extremely harsh new conditions)

    <<

    There goes 1.9c. Congrats to the lucky seller, but I doubt you will sell much more at that price. Also, as it turns out the 1m at 1.7c is another prop that has fled on fear of a fill. Leaving 1.8c the next line to be taken out tomorrow....

    The last time I saw this many props was in a Salvadore Dali painting.
 
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