20c is not far now

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sailorlion

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01/07/20

19:53

Post #: 45578998
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Originally posted by Silent-Bubbles: ↑

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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20c is not far now

RGL Price at posting: 7.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.002(25.0%)		Mkt cap ! $9.071M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$254.7K	33.49M

Buyers (Bids)

No.	Vol.	Price($)
15	5772049	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	7004799	14

View Market Depth

No.	Vol.	Price($)
15	5772049	0.007
23	8179263	0.006
37	15681851	0.005
13	7299444	0.004
11	13946667	0.003

Price($)	Vol.	No.
0.008	7004799	14
0.009	6885497	14
0.010	3239626	8
0.011	3192850	7
0.012	185635	2

Last trade - 15.34pm 15/07/2024 (20 minute delay)

RGL (ASX) Chart

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