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0.7¢ riversgold limited

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peakmine

570 Posts.

61

28/06/20

02:54

Post #: 45493842
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Originally posted by Chiprush101: ↑

market cap means nothing. typically you look at market cap to compare to other companies in the SAME position.
RGL is in the same position as FIN at 1.4cents
Yes rxl clearly has a lot of shares and theres been a lot of diluting going on, but their spec is justified. RGL has no fundamental data to go off. So im asking how do you justify a 9.4c stock with nothing but a low market cap. companies dont rise and fall because of a low market cap.
RXL has super high grade at a descent metrage. They will obviously show descent amount of resource, and will it be like DEG OR BGL who knows, but i think they are already justified atm, but i can see it consistently rising, and i dont even own shares in rxl.
RGL was like 4 cents and tolga posts his opinion and BANG! hype.
I wouldnt be surprised if this stock ends up back at 5cents. I hope it doesnt for the sake of peoples money but you cant go around posting fake prices with nothing but a low market cap, its just setting some people up for massive losses in the future, especially if their exploration isnt feasible.

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RGL Price at posting: 9.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.001(16.7%)		Mkt cap ! $8.467M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$259.8K	34.17M

Buyers (Bids)

No.	Vol.	Price($)
9	4299526	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	6686426	13

View Market Depth

No.	Vol.	Price($)
9	4299526	0.007
22	7999263	0.006
37	15681851	0.005
13	7299444	0.004
11	13946667	0.003

Price($)	Vol.	No.
0.008	6686426	13
0.009	6945497	15
0.010	3739626	9
0.011	3192850	7
0.012	185635	2

Last trade - 16.10pm 15/07/2024 (20 minute delay)

RGL (ASX) Chart

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