A lot of posters talk about the SINGLE trade going through as...

A lot of posters talk about the SINGLE trade going through as being a little bit suss or at least contrived.

And rightfully so too.

Because if you have a look at this ' snip ' I took of the course of sales on RGL just yesterday , you can definitely start to put together a better picture or proof if you like as to what is going on in these situations.

So we can see that wanted to go point 5 of a cent right from the open with the convincing 900,000 of the days volume of 2,149,983.

But then the stock paused for only just under a half hour where there then were some obvious participants lurking in the dark pool wanting to transact at the center point ( mid point pricing ) of point 0045 cents.

So the temporary pause given the normal daily liquidity allowed someone to say hey , lets get my order in the system at the midpoint and see if anyone bites.

And of course that anyone in my view is the same person.

And here's the reason's why I believe this is not only a programmed trade , but a situation whereby the seller is definitely playing ' catch ' with themselves at the midpoint pricing with their BUY order which is also at the midpoint.

So the reason that it is q program is the fact that you can see that each trade which follows in the sequence from when it started is approximately 10% of the previous amount with the aggregate of the 5th through the 7th trades totaling 9,770 being exactly 10% of the entire total of the seven transactions of 97,700.

And so the reason I conclude that the seller is the same person as the buyer is the fact that given the aggregate order is a nice neat number , the single last trade of ONE share in the program must have gone to the same buyer under the program set by the same seller.

O.K , so what are some of the reasons you would do this . Well , one obvious one would be that given the stock ticker bolted out of the gates at the increased point 5 of a cent price , you might be thinking that by testing the appetite at the midpoint , you might subsequently cause a scramble or ' jump ' to that price again. Especially after you subdue it at the midpoint momentarily ..... So this could have been the attempt by the figures presented ...., and to cause a ' stampede run on the buying into the point 5.

So the SELLER / BUYER could have wanted to trigger this ' run on ' the point 5 which would obviously have ended up as a potential massive PUMP as there wasn't much backing up the 26 -27 odd million at point 5 which was on the screens at that time. Remembering that almost 1 million went through at point 5 right at the open.

Alternatively , this same SELLER / BUYER may have wanted to do the opposite to trigger a larger sell down to the point 4 cents a share because that is where they have more in the queue. ie more of an accumulation strategy

Whichever way you want to go with and believe is their approach, there is no denying that this group of programmed trades was done intentionally , and by the same person on both sides of the trade.

Will be interesting how this plays out. Particularly on more favorable assay results and / or mining lease or Maiden MRE resource details.