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A close above 0.021 would be great

Riversgold has reported promising assay results from its initial RC drilling at the Northern Zone, revealing significant gold mineralisation. The results include notable intercepts such as 7m at 3.62 g/t Au and 5m at 4.37 g/t Au, suggesting a high-grade core

https://stockpiper.ai/asx-article/riversgold-asx-rgl-reveals-promising-assay-results-in-northern-zone-project-rgl

Mcap around £2m now being compare to saturn with mcap of $85m with room for expansion. Very undervalued for sure even if we just have 20% of the project.

The company has drawn parallels between Northern Zone and Saturn Metals’ Apollo Hill project, based on the preliminary economic assessment statement released by Saturn Metals last year, which suggests the potential for a sizeable low-grade heap leach operation.

To give a sense of the value ascribed to a discovery of that nature, Saturn is worth $85 million, and its shares have risen 33% YTD as development studies get closer to fruition.

Except RGL thinks the potential scale of Northern Zone could be even more extensive.

https://stockhead.com.au/resources/riversgold-strikes-15-13g-t-gold-at-promising-northern-zone-project/

With gold at all time high and getting great results with more to follow can see the momentum continue here. Another 9 drill results to come over this month.

I wouldn't worry about spread unless you are trading as that will sort itself out. Its pretty tight compared to usual. Just remember we went to 0.075 on previous results.

Early profit takers done now we head towards 0.03

Further results are due and mining license approval news due anytime.

These results from the maiden 2025 RC drill campaign at Northern Zone have exceeded our expectations, revealing healthy grade and overall tenor within the shallower oxide gold mineralisation at the top of the mineralised porphyry. We have core from nine more drill holes in the lab awaiting analysis with results expected in due course and further to this initial RC work, we will now be undertaking a further 2,000m of drilling starting today

Consolidated well yesterday and buyers are back today lets see if we can break 0.17 area.

The results from these drill holes continue to confirm and enlarge the shallow gold mineralisation associated with the Northern Zone porphyry

Sometimes you have to ignore the noise, should see this go today GLA

Don't think this dip will last long

Very tight spread 0.1536 to sell and 0.154 to buy

We know we will get news within the next two weeks for gold project, there are always naysayers around so dyor.

Yesterday we were trading between 0.14-0.15 today 0.15-0.16 as each day goes on we form a new base. Again we can stay overbought for many months especially when fundamentals and momentum are there. We may see a small correction once we hit 0.2-0.28. After that we move towards 0.4s and beyond imo.

Lanstead have always been involved we moved from 0.8 to 7.25, so wouldn't say we are not going to move. Them shares don't come into affect until May but they still have a holding from previously whether they sell or hold we don't know.

27,586667 placing shares were taken by investors at 3.75p

Lanstead 50m share agreement, the company receives back the proceeds on a monthly basis for 7 months which starts in May. Share price needs to be over 3.75 or above with benchmark 5p to receive £1.875m or more.

Clearly a placing churn:

The Fundraise comprises a) an oversubscribed placing to raise gross proceeds of £1.034 million through the issue of 27,586,667 new ordinary shares of 1 pence each in the Company ("Ordinary Shares") with institutional and other investors at a price of 3.75 pence per Ordinary Share (the "Issue Price"); and b) a £1.875 million subscription with current 6.5% shareholder Lanstead Capital Investors L.P ("Lanstead") through the issue of 50,000,000 new Ordinary Shares at the Issue Price. The Company has also entered into a sharing agreement ("Sharing Agreement") with Lanstead.

Past month or so hasn't moved much due to placing churn. But I think bottom is in and we are starting to see a movement back up. It dropped to 3.1 now we are around 3.5 so we are moving up and won't be long until we are back above 4p+

Looking strong here even with profit takers we are holding well, stocks can stay overbought for many months and with news due here we are far from done here imo. These pullbacks allows it to cool down and then we move higher.

Https://www.express.co.uk/news/uk/2028561/donald-trump-britain-invest-oracle