RGL 0.00% 0.6¢ riversgold limited

Now that is the BUY signal of support I was looking...

  1. 12,830 Posts.
    lightbulb Created with Sketch. 15644
    Now that is the BUY signal of support I was looking for......cool.png

    Originally Tolga had bought on Market 13,086,727 shares - He then participated in the FIRST tranche raising with 9,964,811 or 15.2 % of the total on offer bringing his original substantial holders notice to 23,051,538 shares of 7.36% of the Company's total shares on offer.

    He is then confirmed today to have participated in the SECOND tranche with a total of 10,185,190 additional shares or 13.8 % of the total amount on offer through the second installment of the raise.

    The total result then is that he took up a total of 20,150,001 new shares or 14.5% of the total available shares in both tranches to now end up with a total of 33,236,728 or 8.6% of the company's total shares on offer.

    If this isn't a solid endorsement given the time which elapsed between the two tranches , then I'm not sure what else you can do. Strong BUY for me with a definite possible revisiting of the 10 cent mark in the very near term......wink.png


 
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