This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

RRL - Regis Resources

Jump to new


Interesting to note that the change in the AISC has resulted in approx. $426.8M being written off the value as at Monday 22nd July.
I think @Boggo is on the right track in his classifying the bar on Tuesday as an upthrust (in VSA terms) and is a sign of weakness which has further played out today. It will be interesting to see where price heads from here with support at around the $5.40 to $5.30 mark.
 
Miner said:
With no specific news RRL alone has gone down so much compare to its peers today? Any suggestion?
Click to expand...

Tough Market Miner ….. but I guess when you are running a 2.5 Billion dollar Company, there is always the chance that the punters will become hostile for a few dollars.

There were both positives and negatives in yesterdays Quarterly but the down spike looks suspiciously like some heavy hitters taking some profits off the table ….

That may well be a bell weather for the market in general for the near term??!! …… Tread with caution perhaps.
 
Hey mates @barney , @Boggo , @rnr, @trav and all
Not a worry for RRL. It has run pretty good and a short term fall, not going to be end of the world. Gold is bullish now so ups and downs are all fun with good protection
 
Miner said:
. Gold is bullish now so ups and downs are all fun with good protection
Click to expand...

Gold is certainly on the up. The down move for RRL looks out of character at first glance given the POG.

High Volume on the Close yesterday as Tech pointed out so plenty of shares being redistributed ….. Looking like a short term blip to me ……

Just for own amusement, I am putting my "FOREX" trading hat on for a moment

My Forex hat is sharp and pointy and digs into your head when you try and remove it

It is also untrusting of anyone with too much money/power/control, and tries to turn mundane events into a trail of deceit and subterfuge at any opportunity

The attached chart musings are derived from wearing my Forex hat. You have the right to call me crazy. You have the right to remain silent. Your choice

The big end of town Pushed and Sold into the recent SP push. After the Buyers were diminished enough, it was simple to dump a modest amount on the chosen Open ..... at the price exactly below where the recent push started

Sellers were triggered, and cheap shares were collected. The reason is simply to collect maximum profit at the highs … then re collect shares at a discount for the upcoming Dividend in September I believe??

If I am correct, the price should now meander back up in an orderly fashion till divvy day.


 
tech/a said:
Im of a different opinion Barney.
I think this is setting up for more Downside.
Click to expand...

I had my Forex hat on Tech …. it affects my thinking

I still see "orchestration" however. (I put my hat back on) ….

Its reasonable to expect the recent Low to be re-tested as you suggest. I'm looking for accumulation on any low pushes prior to Divvy date (September??)

I like to call them early because it makes me pay attention, and learn … especially when I'm wrong
 
Hi Barney.

I think the only definitive analysis of ANY kind is Hindsight.

Analysis displaced forward is only in ANTICIPATION
So we cant be wrong---the analysis can be misleading
or misinterpreted. It wont be wrong as you'll see it
clearly in hindsight! As you know Many do!

Great analysis leads to great anticipation which leads to
opportunity.


Miner will like this reply!
 
Miner said:
One says sell and other one tells to buy.
Click to expand...

LOL ….. Different views make it interesting.

I called BIN as being played by the deep pockets brigade when it was dumped recently and it has continued to rise since, so games do go on. In reality though … if Stocks bomb, they usually have trouble recovering in the short term.

RRL SP also looks a bit manipulated to me. I called it early; If I'm wrong, I get egg on my face. Fortunately I like eggs

ps. Just to be clear, I am not calling it a BUY.

ACCUMULATION on the dips looks to be happening, but I may need to loosen my forex hat if the big boys start strumming a different tune

Chartwise …. Recent Low around $5.45 could easily be re-tested (normal) …. Any forceful dip under $5.42 would not look great.
 
Nice postings from both @barney and @tech/a . All good.
One thing for sure @tech/a appears to be more convincing.
Ha ha.
By the way has market peaked after breaking all time high ?
 
tech/a said:
Ann----Is that you??
Click to expand...

Don't be naughty!

I enjoyed the tech/a V Miss Anne confrontations … in fact, I think there should be a thread dedicated to you two giving each other the appropriate levels of grief (spiced with love of course)

I like all personalities … it makes ASF what it is ….

Bring back the Nun (Nunthewiser for newer ASF'ers)

So as not to be off topic … RRL …. My short term prediction ….

Next week's high $5.66
2 week Low $5.48

See if my hat is still on after then
 
tech/a said:
Im of a different opinion Barney.
I think this is setting up for more Downside.
Click to expand...

Oops ..... I'm with Tech

tech/a said:
One of us will get it right.
Click to expand...

Lol …… Indeed.

The unwanted forceful dip below $5.42 has eventuated … (and quickly)

It appears my Forex hat which sees all sorts of evil subterfuge in the markets still works as well as it did when I traded Forex

That is why I no longer trade Forex Back to my cave for a while
 
You must log in or register to reply here.

Similar threads

WSR - Westar Resources
Replies
3
Views
2K
frugal.rock
OZZ - Ozz Resources
Replies
3
Views
2K
Dona Ferentes
BMR - Ballymore Resources
2
Replies
37
Views
6K
finicky
Capella Minerals Ltd. – Symbols (TSXV:CMIL) & (OTC: NWDMF)
Replies
10
Views
2K
TacoTed
R
The 7 Moats of Quality Companies
Replies
7
Views
7K
divs4ever
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...