I have today also sold all my RSG shares out of my frustration with this company that have zero increase in the share price even though gold price has rocketed and other ASX gold shares have increased substantially. I have sold ECX shares to buy into RSG and look of what gains I have forgo in ECX in exchange for zero gains in RSG but also lost on brokerage costs. In fact, when I offloaded my 12,000 RSG shares at $1.145 today, it took 20 minutes to sell them, some buy a couple for shares and some buying ten shares each time.
My frustration further increases when i offloaded my final parcel of shares. At the time, there was a BUY of 580,000 shares at $1.135 and only 280,000 shares to sell at $1.14. After waiting for 5 minutes I have had enough and sold them at $1.135. As soon as I made my sale, the 580,000 Buy shares were wiped off and then the Buy at $1.13 was also wiped off. This means the shares did not move at all at the end of the day. Bad investment and experience with my cheap buy I thought of RSG at $1.14. I wish you all Good luck in your RSG investments. I have bought other shares straightaway and they are now showing good gains for the day. Makes me wonder why I hanged on to RSG for so many days - Guess total disbelief and unable to accept that this could happen to RSG with a booming gold price????
Cheerio,
Isdhope
RSG Price at posting:
$1.13 Sentiment: None Disclosure: Not Held
(20min delay)
