Listed in Oct'17 @ 20 cps and by June '18 already lost half(a...

Listed in Oct'17 @ 20 cps and by June '18 already lost half(a bit more)its Mkt cap.
and half its initial IPO cash.
Given its modest size I would personally have preferred to see RGL confine its activities
within Australia(preferably around the WA Goldfields area where early success would
IMO be likely and able to stretch out the cash before any capital raising(ie dilution).
In other words walk before you run is my mantra.
As I originally mentioned a good friend bought into the hype at a local
presentation he attended for mainly junior ASX explorers.This caused the
SP to rise from its then 9 cps to ~ 16 cps by July as I recall-temporarily as it now turns out.
I bear no ill will to RGL or its s/holders just another view point.
You asked me "why" hence my reply.
Good luck nevertheless-(I'm willing to eat humble pie if proved wrong).