Member Info for tvick89

RLD is a cash shell with no assets and targeting an RtO in the precious metals area.

Being a cash shell we have a deadline of 30th June before shares are suspended and then if no asset or RtO take place then we would de list.

With that risk Known, in the last couple of months or so MG has gone from 0% holding to now 29.06%.
He knows something, otherwise he is crazy. That amount of money would not be risked on a punt.

Now that he is at 29% he can only buy up to 30% without approaching the board with an offer for the company.

If you ask me I don’t know why anyone wouldn’t want to be involved here now.

No Trades since this TR1 was released? Seems strange

MG 29.06% BOOM

If a TR1 for Mg reaching 30% has to be released I think it will be some time today or tomorrow. Looking at pattern of buys this week I get the feeling that he is pretty much there and just mopping up the last few shares.

Something is coming as the large buys have picked up again this week

a_milli sorry not angel

I would concur, he seems very calculated with his trades and seems to have a plan of purchasing. Hence the suggestion there could be some urgency around the closing purchases that he makes. Whatever it is, it’s only good news with the bigger buys recommencing. As angel said 30% is believed to be the limit before he has to make an offer for the company. We all know that if this is him buying he is very near to said percentage

2million buy at way above the ask 0.28. Looks like MG maybe making his final moves and requires buys to go through urgently.

Good luck working each buy and sell out from that trade list.

Looking like an increasing buying day so far...looking forward to what’s next...another TR1 or an update from BOD with our RTO plans/target

Over the last 3 days of trading I would say 30% of buys have been recorded as a a sell as the order book is terrible. MMS have had a big spread until now but also the order book doesn’t move to reflect the prices. Yesterday saw tons of buys below the mid point of the spread.

Big delayed buy at 16.01 showing as sell. £42k

The SP has dropped with no trades taking place? Any usual reason for this?

The drop was pre RNS and I guess just a bit of consolidation from the rise we had last week. There has only been one very small trade since RNS was released. Also seems to have been dropped quite sharply for minimal shares, so possibly mms just collecting what they can.

Thanks Gloster, just looked back and it was mentioned in the last placing RNS but not before then. So not new today but a new statement after MG had taken a big stake in the company. Would think that these two things are connected.

RNS just out and I feel the biggest clue in the RNS is that the company have gone from saying RTO in the mining sector, to now saying the mining sector with a “particular focus on precious metals”.

The clues are getting better and with MG ploughing his money in, this is getting very exciting.

Quiet consolidation today to take in a great week for RLD before we jump forward again next week. Maybe a TR1 or an RTO announcement to come and even without expect the gradual rise to continue as we get closer to the deadline date in June.

What’s not to like here and what is there to worry when we have an investor taking a 25%+ holding here.

That would make sense

Are they buys or sales? 0.245

Thanks Gloster, that was the case. I guess Richland must have a fair idea of why MG has accumulated such a large piece of the company and if they do have knowledge would expect an update around that knowledge. Even if it was that they had entered discussions