We'll there you have it folk's - and in line with the significant 8 cent target mentioned in my above post on 1st June - being the first MAJOR confirmation completing the ' Parabolic ' U of the long term moving average.With this price point now having been tested , broken , and supported ALL in the same day , I believe it's fair to say that from the the obvious ' Axis of Symmetry ' having it's starting point at more or less the 3.2 cent mark as can be seen in W3hunters attached chart ( above ) posted also on 1st June 2019 , we can now move forward with a ' NEW ' base and ' Trading Spring ' level off 8 cents with a fair degree of confidence I should think.I say this because if you assume the ' Axis of symetry ' lies perpendicular at the 'vertex ' price point of 3.2 cent , you can clearly see that the first ' congruent ' half being that prior to the 3.2 cents and covering the time interval all the way back to around 16th November 2018 when it last touched 8 cents has now mirrored the post ' congruent mirror image of the parabolic curve back to 8 cents. . This previous level of 8 cents was of course attained off it's previous declines from 10 and 13 cents , retrospectively 1 & 2 years prior to again to 2018. So on a longer term horizon , if we stretch the Parabolic ' Average Price ' curve back even further , we can see it even attaining levels of 17 through to the 20 - 22 cents level I had previously mentioned. And so I don't think its a mistake that the SP is trending and behaving in more or less the same pattern as the Parabolic formulae of y=x2..... with its clear doubling and potentially doubling again.And you have to remember that ' NOW ' given all the momentum in the sector with strong economic development cases being dusted off for gold coming out of the woodwork - coupled with new highly sophisticated and improved mining and exploration technologies being deployed is definitely not ' BACK THEN ' so valuation are obviously going to be even greater than before. Especially for those who perhaps were know to already have the goods via their land holding packages.Having said this then , it becomes obvious that the post 3.2 cent ' congruent ' retracement has taken much less time than some might have expected , however on the flip side one might also conclude that they ( the BOD ) & Tolga , but not the Market ( until now ) actually knew what the stock was valued only 18 months ago , and this is why he ( Tolga ) absolutely jumped at this opportunity.And I must say while RGL might seem to some as an interesting phenomenon , I am not all that surprised myself that the Market has got caught out on the back foot in terms of ascribing a more appropriate ' fair value 'And without sounding to ' cliche ' , what I would have liked to have said in response to Tolga's tweet today would have been that great minds obviously think alike..... In addition to that , I would have also like to have said that whatever you may think of Tolga as an Investor and / or how he may or may not support the companies he selects - what I do like and think is a bit unique with respects to RGL and Tolga's new found involvement here is that they BOTH seem to represent the ' Grass Roots ' , ' Common Man's ' , and ' Ordinary Shareholder's ' type investment play. One for the ' Mom and Pop's ' and ' Poor Man ' if you will. And I say this because whilst the gains seem quite extraordinary in percentage terms , they are not ALL that much when measured by increased Market Capitalization and / or average daily volumes traded. So for me I'd like to think that this sets RGL clearly apart from others , and to that end why shouldn't the ' little Guy ' investor's reap such incredible rewards.As I understand it , this is in fact Tolga's core essence as well. While he obviously has earned his rightful place in mining expertise , market intelligence , and even project folklore , his beginnings were from quite a humble background and one which was not without his own hardship experiences.So from this perspective , I do feel as though there is something ' special ' , a unique connection with regards to RGL with his interest and support for not only the company but for all of his loyal followers and like minded shareholders.So cheers to Tolga , and I hope he will stick with us for a long time to come......
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01/06/2023:49Post #: 44972120We'll there you have it folk's -...
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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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