RGL 16.7% 0.7¢ riversgold limited

Not only that but to move RXL 20% , you are then adding 32...

  1. 12,830 Posts.
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    Not only that but to move RXL 20% , you are then adding 32 Million to it's Market Cap ...so have to do a lot more . Whereas 20% from RGL at 8.0-8.1 cents is only an additional $5 Million added to it's value. So RXL has to do more to earn it's relevant increments in it's SP.....sneaky.png But I reckon people .....punters and the like fancy themselves on the ' Rotation ' . In other word's if they had a million RGL shares ,they can jump off and immediately into RXL with a million shares as well.

    Like, I said though ......if they fancy themselves and the likelihood of a similar ' Pop ' or more in the switch. Grass is always greener somewhere's else , bu you always run the risk that you can't make the ' switch back '. But no doubt there are some out there thinking exactly in this manner.

    It's pausing at the moment and having a think of what's next , but no more than it did when it kept revisiting the 2.5 - 2.6 level off the re-trace from 3.2 - 3.5 level when like I said , it did that at least 3 times.
 
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