RGL 16.7% 0.7¢ riversgold limited

Ann: Quarterly Activities and Cashflow Report June 20, page-64

  1. 12,830 Posts.
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    Whilst I agree wholeheartedly with the suggestion that ' Market Rotation ' is essential ....particularly with this COVID-19 induced GOLD / increased Liquidity , and Capital Raising cycle we find ourselves in , I would disagree with your suggested price target of 1.5 - 2.0 cents as that is just above the range it actually started from . And we all know that Tolga's participation and interest in the Company has to count for something. I'm looking at it from more the fundamental ' New ' capital structure and technical view that should there be NO excitement in the SP via progress vis-a vis NEWS , then the SP could drift down as low as the ' NEW ' Options pricing at 3.0 cents. However if the slightest favorable news comes and we see the first of the willing conversion of Options coming through , then the SP could rally back to a least the 7.5 - 9.0 cent range.

    Once at that point ,anything could happen and usually does.......wink.png
 
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