There is some buying interest, but it is being suppressed by a what appears to be a big holder incrementally off-loading. That said, the trickle supply is there to satisfy what buyers are willing to consume.
BlueCrest sold out of RNI over a relatively short period (45m shares) and damaged the MC in the process. Is it getting out here too? Its director rep has recently resigned with no explanation given. BC bailed out of RNI just when I thought it wouldn't - bad timing. The word I heard was that it didn't like RNI being a gold miner but stuck nevertheless; but when it sold the gold mine and plant it cleared out. Incongruous! It got a very poor financial result in the process too.
I don't of course know who is selling, but it could be BC, and just when things are looking pretty good. RNI all over again?
Drilling Results, page-50
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.068M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1301131 | 5 |
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