Australian (ASX) Stock Market Forum

RCF - Redcliffe Resources

pixel

DIY Trader
Joined
Feb 3, 2010
Posts
5,359
Reactions
329
("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
 
Joined
Nov 22, 2010
Posts
3,661
Reactions
7
... 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!
 

System

Administrator
Joined
Jun 27, 2010
Posts
3,162
Reactions
80
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).
 

Similar threads

Top