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40.0¢ resolute mining limited

Great post. Good time to top up. I am.

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Goldfarm

296 Posts.

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15/02/19

07:36

Post #: 37444223
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Originally posted by JID: ↑

Morning Guys,

I think that the primary reason that RSG is languishing has been summed up by JW's comment in the last CC.

RSG is a "show me" story now and we are waiting for that.

In the meantime the various signals such as the USD, USD gold price, other gold miners reports, general market sentiment, real interest rates are all going to impact on investors willingness or otherwise to have risk capital in the markets.

The last QR and CC did put some doubts in investors minds and, short sellers aside, share prices are set at the margins.

Marginal sellers (worried about RSG specifically or wider macro factors) currently outnumber marginal buyers (possibly waiting for JW to "show them" thinking it is a better risk-reward decision to wait).

Time will tell whether RSG is a rooster or feather duster.

Despite the strengthening USD and strong US equity markets it has been very encouraging how well USD gold has held up along with gold miners generally.

To counterbalance that, there have been a number of disappointing QR's and HY's from both Australian and North American gold producers recently.

Happy to keep my RSG position and give JW the time he needs to "show" the results of the last 3 years worth of work.

Cheers
John

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Great post. Good time to top up. I am.

RSG Price at posting: $1.06 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 40.0¢		Change 0.000(0.00%)		Mkt cap ! $1.543B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	46668	44.0¢

Sellers (Offers)

Price($)	Vol.	No.
37.5¢	81295	1

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 - 09.39am 26/11/2024 (20 minute delay)

RSG (ASX) Chart

Day chart unavailable