I think we can ALL agree that we can pretty much throw the ' rule book ' out on this one. Namely because irrespective of Tranche 2 , we are now well and truly ' in the money ' here with the 3 cent options ( per below ) , which in theory should net us in an additional $2,089,772 should they all be converted for shares within the next month or so.
Then somewhere's along the line in the race between 6 cents and 20 cents , we have a further 18,750,000 options set to expire on 10th October 2020 - all with an exercise price of 20 cents....potentially raising a further $3,750,000 .
So given all this , I would expect the 3 cent options to start to trickle in once the SP reaches the 5 - 6 cent marker. And folk's , the Market clearly loves these sorts of ' leverage ' plays for additional working capital . Especially when it decides that the company involved , and it's projects are deserving of these ' self fulfillment's ' . And at the present moment , it would appear that the Market not only LIKES it ( this prospect ) , but moreover WANTS it. And my experience tells me that anytime you see these TWO criteria playing out with the Markets clear view and support - it rarely fails. That's just my opinion , and who am I to argue with what the Market is clearly indicating.....
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Riversgold Limited (ASX:RGL, “Riversgold” or the “Company”) is pleased to advise it has completed abookbuild for the placement to raise approximately $1,532,000 (before costs) via a placement of 139,318,182 fully paidordinary shares (Shares) and approximately 69,659,091 attaching unlisted options (Options) (Placement) tosophisticated and professional investors..
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.
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $8.467M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $259.8K | 34.17M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 4299526 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 6686426 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 4299526 | 0.007 |
22 | 7999263 | 0.006 |
37 | 15681851 | 0.005 |
13 | 7299444 | 0.004 |
11 | 13946667 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 6686426 | 13 |
0.009 | 6945497 | 15 |
0.010 | 3739626 | 9 |
0.011 | 3192850 | 7 |
0.012 | 185635 | 2 |
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