RGL 0.00% 0.6¢ riversgold limited

Ann: Riversgold Appoints David Lenigas as Executive Chairman, page-3

  1. 94 Posts.
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    Undoubtedly. He may even stretch to using a new ID, or resurrect a previously used one.

    It won't be the options where they make the money; as always this is just a red herring to give the impression of director alignment with shareholder interests. It sucks the Mugpunters in......pardon the pun.

    Instead, they will make their money with discounted placings to unnamed "sophisticated" investors or similar who in turn will flip at a guaranteed profit. What was circa 400m shares in issuance yesterday will be above 1bn in little time.

    In the meantime get strapped in and ready for the ramp. These shares cannot be sold unless there is volume. Volume is key.

    We have all seen it all before at ARV. Far more examples are available.
 
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