Thanks for clearing that up @Red Baron, i noticed that as well. It's a material misstatement by the company and I would of thought it would of required a clarification announcement to the market in its own right?
Will be interested to hear how the company road show is progressing.
Technically if the support at $0.475 doesn't hold, we can expect a re-test of $0.45 and potentially $0.40 again in the short term. Alternatively, if we see a break above resistance at $0.50, we could expect a push to $0.53+. In the absence of any further non expected material news flow, I think the former is the likely course of events in the short term.
RGI Price at posting:
47.5¢ Sentiment: Buy Disclosure: Held