RGL 8.33% 0.6¢ riversgold limited

Mate, only a chart a mother could love at the moment.The CR has...

  1. 6,675 Posts.
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    Mate, only a chart a mother could love at the moment.

    The CR has seen the SP fall from 4.4 to 3.3 cents, on rising volumes.

    A yawning gap between 3.0 and 3.2 cents just screaming out to be filled. All yuk, yuk, yuk and yuk.

    Behind all this is a CR that was 2.5 times oversubscribed in the space of an hour and a half, when they decided to close the books.

    I'm expecting the gap to get filled, and those who missed out on the CR, or didn't get their required allocation, to step up en masse.

    Don't get too greedy if you're looking to top up, as I expect this trend to reverse, and reverse quite sharply.

    We're sharing the drill with Infinity. They're just about finished drilling, so we should get our turn shortly.


    https://hotcopper.com.au/data/attachments/4858/4858543-c2fd5ca297988feb2dc408610e3ac137.jpg









 
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