RGL to be next DEG In "Do Not Sell List", page-51

Certainly there is going to be a ' significant ' amount of market liquidity and capital being placed on a continuing and further increased ' Rotational ' basis.

And I say this for TWO reason' s. My FIRST reason would be an obvious observation that the Market is simply ' awash ' with increased liquidity from numerous sources like the seemingly endless amount of current Government subsidies including the Billions of freed up ' early access superannuation which started with $5 Billion in the first couple of weeks when first announced to in excess of $13.5 Billion around the 10th June. So much more to come from this source as we trip into the next financial year with perhaps another $15 - $20 Billion. And where else would you put this money if it were yours ? Because It would be to small in amounts to invest in Property. And besides , property is at best a static proposition for growth , and at worst in decline and ' illiquid ' .

Even if you were' out of work or layed off with a package and didn't necessarily require your severance package - where would you want to place your Job seeker , Job Keeper , or even Student Allowances ? I would hazard a guess that it would be the Stock Market right ?.......

My SECOND reason would then have to be the obvious ' positive ' backdrop to the current capital raising cycles. And in part , this cycle has been created by the temporary improved COVID-19 liquidity rules put in place by the ASX coupled with ALL the obvious individual companies having separate and unique raising requirements , as well as different timetable dates for driving the numerous varied projects and their JV ' Nearologies ' Some of the companies obviously went early and prior to end of March 2020 with their raising requirement while others are right in the thick of it in the second Quarter of 2020 with many more set to continue this trend extensively right through to end of July when the ASX reviews these changes - and even more likely to extend well beyond and right through the balance of 2020 and 2021.

So put this all together with the 10 years or more in ' under investment and production capacity ' in the gold sector with all the macro issues driving the NEW and ' BIGGEST ' ever Bull Run in Gold - and you have a perfect storm and an ' across the board ' recipe for almost a guaranteed success for the early investors who recognize these FACTS.

Of course you all know I am extremely Bullish on RGL ....as well as others , with the only temporary reservations I have are the fact that ONE , the raising encompassing Tranche 1 raised only $720,744.59 and Tranche 2. is only set to raise raise $811,755 (before costs). So that's only a total of $1,532,499 - and we all know that this sort of exploration dollars do not go far. And I realize this is on top of their $599,000 of COH as at 31 March and their US$25 on execution of the recent Alaskan options deal PLUS a further US $225,000 within 60 days of execution. But that's still only approximately A$956,142 before taking out their forecast June Quarter expenses estimated at $345,000.

So in my mind there must something more being planned out in so far as a further raising or venturing out of work - else the current amount will not last much beyond October or November 2020 in my opinion.

The other temporary concern I have is with respect to their previous statements ( below ) , and in particular the referencing to the calling of a meeting in Early July. So it would seem to me that they have missed entirely this window which normally requires some 28 days notice.

So to me , it looks as though we are looking at the end of July for the meeting , and that perhaps the reason this is so is that there is ' something else ' being planned which will require shareholders approval as well.

Another school of thought here folk's , and I've obviously already stated my price targets on the SP ( so no need to repeat my predictions there ) , that maybe they have deferred this requirement for the meeting to perhaps allow the SP to continue to run up ahead of this additional news I am suggesting is potentially linked to , and additional to the meeting itself .....

. Tranche 2 will comprise 73,795,947 Shares at 1.1 cents per Share to raise $811,755 (before costs), to beissued subject to shareholder approval.

The Placement participants will receive one free attaching Option for every two Placement Shares subscribed, theOptions will have an exercise price of 3 cents each and a 3 year expiry. The Options will be issued to the Tranche 1and Tranche 2 Placement participants subject to shareholder approval.

The Company will convene a meeting of shareholders to be held in early July to consider the necessary resolutions(Meeting).

Subject to shareholders approving the Placement (and associated resolutions) at the Meeting, the Company intendsto conduct the Tranche 2 Placement as soon as possible after the Meeting and the Tranche 2 Shares will be issuedon receipt of cleared funds following the Meeting.