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Was wondering when they were going to tell us KOD had withdrawn from the gold deal, announced by KOD last Friday. RNS now released.
A positive update on Pluto has just come out via a PIRI RNS.
Scotty, maybe you won't sound so negative if Chris Akers decides to invest here? (Think you might be secretly projecting a bit of frustration he hasn't mentioned RGO?)
Let's be honest CA has hardly any "losing slips" that you mention.
In part, his name creates a self-fulfilling prophecy for prices - and he also manages to get in cheap on placings.
So even in ones where he "lost" , as you may label it, like Traf, Mac et al, he still won, has he got out way above the placing price.
Then there's Dev (20bagger) AAA, (200 bagger), PIRI (5 bagger), ZOE, Asimilar (bagged several times before changing name)
I'm still waiting for GUN and IME to catch fire - and sure GUN will with Low6.
He has indeed had a few historical losers , but generally, they've massively bagged.
I don't know if he's very canny, lucky, just rich (or a combination), but he certainly does have the Midas touch.
Everyone takes every tweet, every example with their own pinch of salt and decides the next move. I’m not invested directly in any of the mentioned stocks. I like some of the articles he shares in tech things I’ve never even heard of. I’ve gained a lot from Twitter these last twelve months but like all info you decide.
Yeah let’s be honest if Chris was as good as he seems to think he is, he’d have more than 7,000 ish followers. And like all gamblers , he’s buried his losing slips
Chris bullish on stock he is invested in....
AAA 100p
ASLR 125p
DEV 100p
GUN 8p
IME 125p
PIRi 40p
ZOE 150p
"For most of 2020" - should be 2019.
Just out of interest these are the figures for the assets held by RGO, not including the warrants, which are not given a value until cashed in.
The figures are actually around 6 months' out of date, and PIRI was 4.35p on 30-9-2020. On 31-12-2019 it consisted of more than half the equity portfolio when the price was around 3p.
The price is now of course 15.75p and the RGO investment in that is worth £4.2M alone at present. So the equity figure at least will require substantial revision for 31-12-2020 and likely 30-3-2021.
30-12-2019
Totals Debt/Equity linked £4,349,211
Equity £ 848,635
Cash £2,624,480
Total £7,822,326
30-3-2020
Totals Debt/Equity linked £3,606,221
Equity £ 643,525
Cash £2,760,431
Total £7,010,177
30-6-2020
Totals Debt/Equity linked £3,615,659
Equity £1,148,817
Cash £3,263,326
Total £8,027,802
30-9-2020
Totals Debt/Equity linked £4,300,482
Equity £1,425,024
Cash £2,996,433
Total £8,721,949
Re Chris Akers - yes he highlights interesting things on twitter - and was an early stage investor in AAA, ASLR/YOLO and PIRI and latterly in DEV. All have done well recently. He has also recently been promoting Pluto.
We of course are on the periphery of the Akers World as we hold substantial interests in PIRI and Pluto, and the Riverfort World shares directors with PIRI, and there are further relationships between RGO and PIRI and SVV.
Wouldn't be at all surprised to see him take an interest (shareholding) here eventually.
It would make sense as we seem to be increasingly lurching towards tech and crypto.
The AAA,DEV, PIRI world is also heavily promoted in twitter by Zak Mir, and we have also recently been getting a mention there.
As for Whitehawk the 49% refers to the increase in price between 1-1-20 to the date of the RNS 31-7-20 which was around 0.09A$ to 0.13 A$. As you say they are now 0.30 A$ having been as high as 0.41 A$.
But as usual RGO is very cagey about what they hold and when they bought. For most of 2020 they were around 0.07 to 0.10A$ so that could be in the region of the warrant price. Although listed on the ASX they are actually a well connected US Cyber Security company.
Interesting.
Hopefully onwards and upwards next week.
Florence
Post from a few weeks ago
On the warrants update Whitehawk warrants were up 49% above warrant price, Whitehawk sp at the time of the RNS was .10AUD it is now .31AUD so these warrants are now up over 300%, I havent been able to track down if they have been exercised though or how many we hold
Started filling chris arkers on Twitter and he has some interesting things to say
Does anybody know how many warrants we have in Whitehawk please? It looks as though we are quite onside on those if these sums are correct: 49% up as of 31 July 2020 when sp was 0.14 making warrant price circa 0.095. So at today’s whitehawk sp of 0.30 we are over 3x our executable price of 0.095.
1. Is that correct?
2. I’ve tried looking but can’t find the number of warrants we actually have, any help would be appreciated.
Thanks all.
You are correct Poppyseed, myself and a few others on here have misunderstood the relation with Kodal, looking at the documents again the previous agreement was RGO PCC not us, apologies if I have mislead anyone.
Placing at 0.125 would explain the Kodal drop
Shame we are not going to be involved in the Gold but probably explains the drop in our sp today
Further to my last, no ongoing links with KOD at all. KOD RNS this afternoon, placing rather than Riverfort! Now we have a reason why those remaining warrants were converted by RGO PCC this week. Toys out the cot and all that?
"Term sheet for Convertible Loan Note facility
On 5 March 2021, the Company announced that it was continuing discussions for potential funding of its gold projects through a $2.5m convertible loan note facility with Riverfort Global Opportunities plc and Riverfort Global Opportunities PCC and a non-binding term sheet had been signed in this regard, and which was first announced on 17 December 2020 (the 'Term Sheet'). The Board of Kodal has decided to proceed with the Placing instead of the funding proposed by the Term Sheet and therefore discussions on that proposal have ended. The $300,000 advance to the Company under the Term Sheet will now fall due for repayment by the Company on 31 October 2021, for which existing cash resources will be used."
Substance for the climb, yes. For the extent of the climb early this morning, not so sure, so not surprised at the pullback. I posted earlier being careful not to confuse RGO plc with RGO PCC e.g. I believe KOD association insofar as it concerns recent warrant conversion relates only to RGO PCC, the Gibraltar company, not this one.
Insofar as it concerns a future gold deal, that is indeed this company in combination with the PCC version but I must say the new shape of the deal as outlined by KOD a couple of weeks back, while looking very good for income, looks to be a slow burner over a couple of years for a so-called "monetising event".
That's my take for what it's worth anyway and I've seen some posts relating to DVRG too and, as far as I can tell, that association mainly relates to the PCC Gibraltar version, though RGO plc may well have piggy-backed for part of it, it's just not clear to me that that's the case.
I believe there is tangible information for the climb. 1.3p net asset value per accounts 30 Sep 2020. Add in Upward movement in Pluto and Pires alone, and the NAV has reached current 2.05p share price. There has been other positive newsflow e.g. Kodal; IES; COPL etc. DYOR.
Agreed. It is also worth noting that, if looking at Pluto Holding alone, Pluto represents a larger percentage of RGO's market cap, than it does for Pires. Therefore, a doubling (for example) in value of Pluto, should impact the RGO price more than PIRI. I am a great fan of PIRI other technology exposure too, but RGO also gets this (to a lesser degree) via it's PIRI holding. RGO also has Cyber security; Vanadium flow battery; gold; lithium etc exposure; and sits on valuable warrants.
Hi saigonsally
Thanks for your reply.
I'm not that surprised by the extra interest here.
I missed out on PIRI in value terms as it only came to my attention this year.
Anyone smart enough to invest in PIRI last year or earlier should be very happy right now.
Kudos to you for getting into both PIRI and RGO last year.
My own feeling is that the RGO SP has been suffering a bit of a hangover from the Paternoster days.
It seems to have been steadily recovering and remained under the radar.
I believe RGO has a number of investments, particularly in the crypto area, whose value is yet to feed through to the SP.
At the same time, the SP is not that much higher than the reported asset value per share.
I estimate it at about 1.65x at the moment.
Compare this to PIRI
PIRI is trading at a much higher multiple of SP/asset value per share.
I estimate approx 4.7 at the moment.
Hence I can see quite a bit up upside for the RGO SP.
Given that PIRI has been more hyped of late, the relationship with RGO is becoming more widely known.
As a result, I suspect more people are now aware of RGO and showing interest.
This should also be positive for the RGO SP.
Because of the hype around PIRI and its crypto related assets, it's only to be expected that PIRI's SP will be a bit more volatile. This might start to feed through to RGO, but may take a bit longer.
I will be very interested to see what figures are reported for RGO's NAV at the end of March 2021 update when they are reported in June.
In the meantime, there is always a dividend to look forward too :-)
Hi j33v3s, yes, indeed I bought RGO and PIRI last year and am delighted with the way things are going. RGO has always been the plodder but the last couple of days have seen a new dynamic. Exciting stuff but I feel on surer ground when spikes like yesterday's are accompanied by or triggered by news.
Re DVRG and KOD in particular but also others, take care not to confuse Riverfort Global Opportunities PCC, in the same umbrella of companies, but an offshore Company registered in Gibraltar, with this sister company, the listed Riverfort Global Opportunities plc. Sadly, they are not one and the same.
Hi saigonsally
I reviewed a number of companies including RGO and PIRI.
After doing my research, I decided that RGO was better value and invested here.
At the time it also represented an arbitrage on exposure to PIRI.
To understand why I came to this conclusion, I think you may be well advised to do some more research of your own.
I think this would serve you well in the long run.
yep, not so bothered about the difference, i like both companies through RGO and if this consolidates at 2p this week that would be a fantastic update and improvement in sp
I'm happy for it to climb on tangible information.
i concur with that, but the pluto ipo and final results in may will keep the burners on.
so heading to at least 5p in a couple of months.
but what do i know.
Having said that, I don't like big spikes unless trading (which I rarely do as I'm not very good at it!) and would be happy for this to consolidate around this price for a while.