Apparently, the resource calc was dissapointing.....
posted on
Jun 02, 2009 04:22AM
Selling coming in from everywhere, even a bit from Wellington who was on the buy for the past few months. Anon has dumped 3.7 million shares since February. I know the volume hasn't been huge since the news but I am hoping RR has something to stop the hemorrageing here pretty soon because the deeper it goes, the less confident holders are feeling judging by the comments on other discusion forums. Wellington had an order in for 100,000 shares at .45 last Wednesday and it has not re-appeard yet. Someone needs to step in and start scooping up what appear to be cheap shares soon!!!! There are lots of drilling results over due. I still think we are WAYYY undervalued here but the rest of the market doesn't seem to care right now. As the guy on BNN said in Market Call, it's up to RR management to get going and get the story out there!
On another note, just for comparison, I would like to see the numbers re-run using the same parameters as last years resource calc. to see where are. You now it would be a lit more than 2.2 million oz.