RDG 0.00% 2.2¢ resource development group limited

Thoughts on Management, page-73

  1. 1,384 Posts.
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    I think it's important to acknowledge that RDG was only dumped down to 1.8c when the XJO took a hit, which is fair enough. But looking at the XJO now, its obvious the whole market is again powering on. I'm waiting to see if it'll have a small pullback. Possibly will be able to pick a few more shares up, if not I'll just have to pay up.

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    In regards to the XJO we are almost back where we started, so it is good to see buying interest returning to RDG, as IMO 3c in the near future is a real possibility. And in 4-8 months we could be looking at 4-5c.

    I like RDG because they don't push unnecessary market announcements and hype the market. The lack of communication is a little frustrating, but all in all, its better that way in my own opinion. Management are seeking further projects, plenty of cash and no debt with good contacts. All old news, but that's all we got until we are updated with something new.

    However, I thought I'd just share my thoughts on the comparison between XJO and RDG.

    Happy Trading!
    Dalto24
 
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