RSG 4.82% 43.5¢ resolute mining limited

I am not of the same opinion that market is always right...

  1. 154 Posts.
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    I am not of the same opinion that market is always right Tapinco. For one a lot of trading is done by computers today. I've read article that they react quickly to the news feed without doing the analysis that a human would do in the past looking over the data. I also think this is why some companies get very much oversold and some get very much overbought. 


    And what about the manipulation? Hotcopper is full of posters lamenting about various dubious things happening to share prices.  BTW not saying RSG is manipulated. 


    RSG was over $2 when they needed to raise capital and develop mines and now when they have almost delivered their major mine (Syama), gold has been moving up, they increased their resources and reserves, they dropped their LOM AISC, extended life of mines, preparing to list on London stock exchange, delivered stunning exploration results from Nafolo and Tabakoroni, maintained profitability through development stage and even paid dividends the share price is just over $1. 


    I am not saying that the market is not right in this instance, a lot can go wrong. I am prepared to hold. We will have a clearer picture after the next couple of quarters. 


    (This is only in my opinion, not offered or to be taken as financial advice, DYOR)




 
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Last
43.5¢
Change
0.020(4.82%)
Mkt cap ! $1.543B
Open High Low Value Volume
42.5¢ 44.5¢ 42.0¢ $10.17M 23.38M

Buyers (Bids)

No. Vol. Price($)
9 252583 43.0¢
 

Sellers (Offers)

Price($) Vol. No.
43.5¢ 265791 4
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
RSG (ASX) Chart
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