Not really sure mate. It certainly looks unusual. They've made this new acquisition which isn't actually approved till 14th June. Is that Canadian time?
So Monday will be in play depending. Yet they issued new shares to the tune of what .....200 million or so ....., at point 4 cents. They've had a NEW substantial holder declaring over 100 million in shares taken up . The order moves down one pip to 1.2 cents. Sounds to me they ( or someone ) is playing the averages here. So if you had got shares at point 4 and sell at 1.2 your profit is Point 8 or 100% .....and the average for buyer is ALSO point 8.
And all of this for what they say is ' Advanced ' gold acquisition where I would say its only 66 thousand ounces with some reasonably follow thru grades. ie More drilling and costs required. Not for me.
RGL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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