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RCF - Redcliffe Resources

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pixel

DIY Trader
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("open" reply to an IM question - mainly because I couldn't attach charts to an IM. I hope nobody is holding more than they can afford to lose :2twocents)

Change of name doesn't appear to have done it much good :(
Solely going by the chart, I'm glad this dog has never been in a kennel of mine.

The Weekly chart would disqualify it from any plans of longer-term holding.

RCF w 2012.gif

And while I don't know (nor really care) what caused the brief relief rally in mid-December, it may have been a suitable opportunity to salvage some capital. Given the low volume though, it's probably but a slim chance.
(feeling sorry for holders)

RCF n 03-01-13.gif
 
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... And while I don't know (nor really care) what caused the brief relief rally in mid-December, it may have been a suitable opportunity to salvage some capital. Given the low volume though, it's probably but a slim chance.
(feeling sorry for holders)

When I saw the brief rally, I thought that was a suitable opportunity to salvage some capital.
When they announced a Capital Raising @ $0.03, I siezed an opportunity to daytrade them.

I may yet rue that decision, as it goes against my gut feel.

Thanks pixel, spot on as always!
 
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On April 13th, 2016, Redcliffe Resources Limited (RCF) was removed from the ASX's official list pursuant to Listing Rule 17.11, following confirmation of the implementation of a merger by scheme of arrangement with Northern Manganese Limited (NTM).
 
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