By my Calculation's AL8 is only 59.5% off from it's recent highs of 21 cents . Importantly though , the difference between the two for me is the simple fact that the volumes traded as a percentage of the number of ' New ' shares issued or multiples if you like ...is that with RGL the volumes have been 10 -15 -20 times more - whereas with AL8 they have only been in the order of say 5 times the recent number of new shares issued. Even if you include the 5 million 12 cents options with 3 years to expiry - they ( the volume multiples ) are significantly lower that that of RGL.
The other point I would make in comparison is that the whole ' Hype ' surrounding the potential at Frisco was pretty much what fired it all up for them , and of course the tweets and commentary from Tolga. With RGL , we have only really seen the ' Hype ' from Tolgan , and are yet to really see the FULL reveal of what Rivers is all about. We do know that they have multiple ' Highly ' prospective projects - with one of which has already been ' Monetised ' to the implied value of around at least A$ 4 million .....and that's without a single drill bit I might add. And I'm referring of course to the Alaskan projects.
So I guess what I am saying , is the comparison is a bit unfair in that there has been far more volumes been transacted here on RGL . And with that increased volume , one should also expect increase volatility and swings in the SP. At least initially until the volumes firm up a ' New ' base and pivot point where you can actually see the new ' Wave ' and ' Spring ' occurring . For me this is has obviously been the 8.0 - 8.1 cent mark as previously stated. However , I was lucky enough to have picked up more as I said earlier in the low 7's . So we wait folk's , that's all we can do. But it will happen - that I am certain about.......
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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 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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