I've had another read through the AGM presentation which I meant to do anyway, and where you get this stuff from s beyond me.
Firstly RQL went to 79c with a lower result than is predicted this year. Capex was covered by the cap raising and operating capital and this is expected to be a lot lower in 2012. So where do you get they won't fund their capex?
And what you see as selling at 35 is not really, it's buying at the same time, trying to scare other holders into selling. They almost had me today, a big order at 33, 2 minutes later that had been turned to the buy side and back we went to 35.
Now is the time to buy imo. Sorry about my 2 posts, get a bit annoyed when I see someone just casually say we're not worth much.
I don't get this confident usually, but I am here.
RQL Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held