RSG

1.23%

40.0¢ resolute mining limited

Something Fishy Here!, page-96

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bullishone

5 Posts.

08/02/19

13:54

Post #: 37376915
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Originally posted by IsdHope: ↑

Hi ChritopherC and all my friends.

I started this Thread "Something Fishy" almost 9 working days ago to ask around why RSG has been singled out for ZERO share price gain when all other gold shares had risen since US gold price shot up about $34. A number of you gave me sound reasons why. At the time I told everyone I sold my ECX and bought RSG at $1.14 thinking that it was good value as the price earlier on in the day was $1.195 on the 30th Jan. and I could not understand why RSG should fall back to this low level. Guess what! 3 days later, when gold prices continue to rise, RSG was still struggling. I then decided I don't know the reasons anymore and I don't like keeping shares when i don't understand why. So I sold it back at the same price a few days later and took brokerage losses.

I then caution everyone, if the shares continue to fall, you should not continue to buy. This means you are not accepting you have made a mistake. I have learned this lesson many times and at the end of the day, your losses will deepen further. So my advice to you is to stay out of RSG for a while. There are so many other better opportunities in the ASX. If I have kept by ECX, I would have made good money. Nevertheless, after selling RSG, I have invested in 3 other shares which made me reasonable returns.

Look at LYC, ECX and KGN - they have performed extremely well in the last 8 days of trading. AFG and even maybe MOC may have good potential due to their Big fall as a result of Hayne commission report since they are mortgage brokers and investors may be over-reacted.

The Super STAR in the last week is SPT giving 5 baggers within 8 days. I've never seen a share in my entirely trading life of 40 years and I don't believe I will ever witness a share again that skyrocketed from 20 cents listing price to 99 cents in 8 days time. I didn't buy the share and won't dare to although I was tempted so many times.

Good luck to all of you for your patience to hold on to RSG - I see continuing frustration in the last few thread messages. it will turn good one day but you would have missed so many excellent investment or trading opportunities around.

Cheerio,
Isdhope

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i have to agree with you Isdhope. I see much better value in other stocks from this sector and there appear to be many potential problems ahead for RSG. This is just my own observation and not intended as advice , I am looking at several companies in various sectors and in the process now of evaluating them. This was one on my list but at this point in time I am going to pass.

RSG Price at posting: $1.04 Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 40.0¢		Change -0.005(1.23%)		Mkt cap ! $1.543B

Open	High	Low	Value	Volume
40.5¢	40.5¢	37.5¢	$22.35M	57.19M

Buyers (Bids)

No.	Vol.	Price($)
2	14881	39.5¢

Sellers (Offers)

Price($)	Vol.	No.
40.0¢	668567	8

View Market Depth

No.	Vol.	Price($)
1	20000	1.245
14	458433	1.240
12	312067	1.235
6	139692	1.230
6	131961	1.225

Price($)	Vol.	No.
1.250	371388	17
1.255	220916	10
1.260	134993	10
1.265	104166	6
1.270	38032	5

Last trade - 16.10pm 25/11/2024 (20 minute delay)

RSG (ASX) Chart

Something Fishy Here!, page-96

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Something Fishy Here!, page-96

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