Rialto Eng Share Discussion Threads

[nesty1760] 31/10/2013 18:48

The ASX listing is a milstone around our necks. The ASX seems tinpot to me & sooner the better it goes.

London is the place to be.

Still good value at this current share price

I know difficult to state any future share price etc. However I feel 15-24p is capable within 6-12 months here.

Once stability is really utilised a lot more people be coming on board.

[treacle32] 31/10/2013 15:13

Some buys reported on ISDX today inc. 250K just earlier at 2.75p.

[minho] 31/10/2013 13:46

The perception if you read into the ASX trading is that aussis are buying in RIA before the close of listing in ASX which I consider will be just before exchange fees are payable for the year to come, and hence the change in company NAME subject to vote at AGM . I consider it to be a good move on their part, This stock reminds me of Afren 10 years ago.The next News should be more than interesting. I am not much interested in daily or weekly movements, but will increase my holding if there is weakness. I have been in for a few months and would like to see a success story here, after all my research.

[treacle32] 31/10/2013 13:45

Sells taken & NITE just switched to the bid - large buyer wants more imo.

[treacle32] 31/10/2013 12:38

2.50m buy at 2.75p - large buyer continues to accumulate.

[gwr7] 31/10/2013 12:22

Taken from the activities report:
"After due consideration the operator, Apache Northwest Pty Ltd, decided that it would resign as operator and withdraw from the permit. Rialto and the other Joint
Venture partners do not have the capability to mount a drilling campaign in the required timeframe and hence have also decided to withdraw from the permit."

WA-399-P officially down the Swanee.

[treacle32] 31/10/2013 12:06

Good Morning GWR7,

I think we will go over the 200 day MA line when the PSC news comes - always need a bit of catalyst to jump over such a key long term moving average and hopefully the PSC news should provide the boot up the backside.

They've not disposed the little asset over there yet have they? I think they'll do that soon & concentrate on Ghana along with Ivory Coast.

Hopefully they'll lose the ASX listing v.soon now - slowing us down with the interest over here now and which has improved considerably over the past month.

Daily avg. volume had been over 5m for 2 weeks and every day.

[gwr7] 31/10/2013 11:44

Also meant to add they've pulled out of the Australia permit so it was worth nothing. The industry seems a bit mickey mouse to me down there and I'll be glad when they terminate the ASX listing.

[gwr7] 31/10/2013 11:39

Morning Treacle, also in Oz the price found resistance at the 200 day moving average.

[treacle32] 31/10/2013 10:15

350,000 at 2.75p buy published - imo NITE still not finished.

[treacle32] 31/10/2013 10:05

Hi minho - I disagree.

Holders on ASX clearing out past few days too due to the dual listing being "reviewed" comment recently. So much better for us if the ASX listing goes.

[minho] 31/10/2013 09:51

The large volume in ASX of late points to long positions being taken at these low prices, this is my take on the situation at the moment, plus having had a good read of the RNS to-day. The possibilities with this stock look to have a good footing, and I find the ASX trading most interesting when you really look into it with some perception.. PSC NEWS within 9 days.There is nothing more for me to add . Good reporting from posters on this stock. Will look in much later in year.

[treacle32] 31/10/2013 07:43

Finished unchanged on ASX - imo as the ASX listing will be going soon.

Should still see rise here.

[treacle32] 30/10/2013 23:46

5.70m in buys already now and up 4.5% - its cranking up.

[treacle32] 30/10/2013 23:35

2.40m in buys already on ASX and up 2.3%.

Closed Australia offices too now and the CFO will be made permanent.

Still think they'll dispose the asset in Australia too and lose the ASX listing - concentrate on London, Ivory Coast and Ghana.

[treacle32] 30/10/2013 23:12

All looks great imo and wait for the PSC confirmation news and lots more to come too.

[treacle32] 30/10/2013 23:07

Thanks to elite.

Quaterly report out tonight on ASX.

[treacle32] 30/10/2013 22:19

Quiet consolidation day but nice to see the £15,000 buy at full 2.85p. As previously said due to the large buyer's presence, consolidation can also only equal price held. 7 trading days left for PSC to be announced. Just 1 MM at close on the 2.85p offer and most are on 3.15p.

Did jump to 2.75p bid at one point & were offering 2.70p at close. 3 on the bid price.

NITE (MM) once again opened until late so large buyer has still not finished imo.

ASX listing will be gone soon imo but for now price has to stay in line too - some selling on ASX going on maybe in anticipation of removal & new company name etc to follow suit too.

[house atreides] 30/10/2013 22:06

Treacs just wondering - there seemed to be a pause in the demand today based on the volume with dummy sells I tried. Re-trace before further push ? Too tight to pay for L2. Slight down day on lowish volume though.

[treacle32] 30/10/2013 12:54

522,120 buy published at 2.85p - large buyer still not finished.

[flasher2] 30/10/2013 12:51

yep, good post.

[treacle32] 30/10/2013 12:33

Good summary.

[minho] 30/10/2013 10:22

ASX RIA. Two months ago the trading was harsh over there then in this stock. The sentiment changed completely in ASX RIA a month ago, now it trades more in favour with more volume, plus there MM s treat the stock to a fairer distribution of spread, more punters get a better deal there,just look at the trades,and it seems ASX is running Ria up more than the UK. Mind you Britain is full of self serving crooks.AIM in UK is held tight by MMs by far to their advantage. There is no question RIA has turned the corner,and ASX know better than us. PDYOR. This stock would be better off in the main market at a later date.Will see. As a hobby I enjoy the gambling. There will be a big mark up on this stock soon, if you are in you will win. I cant give any more secretes away.This stock is well and truly on the radar now. Hold tight if you want to be part of the expansion to come.

[treacle32] 30/10/2013 09:05

Morning flasher2,

Yes it was. It's from Friday morning at the open.

Could be a sell and hence the 2 million buy got filled at 2.60p Monday morning.

Sounded out in the past during the 2 pence days that because of loose stock the larger buyer could also be acquiring off another party on occassions.

The above again would make sense in that the 3m first being settled at 2.58p and then the 2m buy and other bits like we have seen since also Friday following through at 2.60p & higher.

Same with the 1.50m buy yesterday which imo was a definite buy and how I believe the 500,000 trade would be off another party etc.

[flasher2] 30/10/2013 08:54

Hi Treacle, what was that 3 million from the 25th?.