Agree ,,when the bad results(expected) was announced around 12noon the REX was shorted till it hit a low of 80cts...knowing many shortists would be waiting and indeed they shorted..after that BBs push it up,surpassing another high of 89.5cts around 3pm plus..see on thur Sept 5,suddenly REX shot up hitting a new high 88cts with vol,otherwise REX would hve pushed down below 70cts


As at 5 Sept the ipo funds not used yet but looks it will be used mainly for its exploration or investments activities,it's not the current last 2 year losses but what the market price should reflect the future-discovery of oil exploits and most important who is behind this counter-if they(BBs) want to push,who care about current losses, it's the future that  matters,,,see by 4pm the price of REX climbed up again