The bid is very strong (5v1) at 0.2 and 0.23. The price has been dropped without much selling taking place. Seems it will only be a temporary drop and then the steady climb will recommence. The spread has also been opened quite wide by the MMs.
Was crossed today so expecting a large delayed buy unless the 3x 500,000 trades are his. How much can he invest without the company releasing a statement?
It’s great the conversation is about what and not if. As said with MGs continued investment we are a great opportunity to invest in. Whatever the outcome, you’ll want to be in here at RLD while the price is as it is.
Should be time to gap up next week. Looking forward to Monday and would be happy to put money on an early week TR1. Have a good weekend all. Stay safe.
Unsure of his current businesses but would seem strange to buy on the open market if an RTO was the plan? It looks as though he was an MD of a gold and mining company called Indo Pacific resources a very long time ago, so I guess would have connections in the mining industry? Other than that seems he owns a lot of land in Thailand. Assuming this is the right guy.
Accumulation likely to be happening in the background. Think we will see us break 0.15 today. Maybe even an afternoon RNS TR1 for MG 25%. Rather than an RTO is it likely that MG may bring his own asset over and keep Richland listing running?