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Suspension then re rate would be the ideal scenario. Fluctuations in price before the suspension don’t really mean too much as the big money will be after the suspension. Agree with the fact I don’t understand why people aren’t snapping this up at a rapid rate. Maybe tomorrow.
Need a close above the stubborn resistance of 0.15 and we are off. Hopefully that can be today. Looking at trades it’s quite possible that MG is making some 2.5m buys
I wonder when everyone will realise that RLD is becoming a banker with a June deadline. We have an investor who over the last month has been accumulating and currently at the 20% mark in a company with no assets and a deadline to complete an RTO. What gives it even more strength is that he is accumulating in these torrid market conditions during this terrible pandemic. Suspension will be soon and ‘the herd’ may just miss out.
ADVFN are always a reliable source to see all trades that aren’t listed/missing on lse. We are frequently missing trades on here in the last few days.
Boom! TR1
Big 10m buy..lovely job
My quiet referred to the lack of trades, rather than lack of news from Richland. Enjoyed your post and view again.
All quiet on the Richland front....hopefully not far from an update around RtO progress
Not listing trades. Missing a couple of million plus buys. 5 trades today only two
Listed on LSE ??
Just on cue...5million buy. Keep it up MG
Is still accumulating. With the price drop and considering he was loading up between 0.13 and 0.14 I would have thought I’ve he is still looking to accumulate shares he would be jumping at the current price.
Good post munchlet, I agree with the summary and find it massively positive that in this share and with the current market we have an investor accumulating so heavily. Next stop TR1 for 20% holdings for MG. can’t be far from a suspension for RtO
Slower start than I expected. Hopefully more accumulation by MG happening in the background slowing trades as trying to get filled. Hopeful of a good positive day though and if we can close anywhere above 0.15 we should see a nice gain in the coming days.
Especially when there is a deadline where delisting would be a possibility. Just makes his investment seem even stronger. Looking forward to an update from the company or another TR1 for 20%
What is the reason for these tiny trades that we have so regularly? Does it assist with accumulation? These trades are so small that they wouldn’t be worth a trading fee or investing?
Considering the threshold of 10% was crossed on 28th Feb and was 10.81%, it won’t be long until the next TR1 of 15%.
Great to see the continuation of this. I think the frequency of these trades is only slow as there isn’t many sellers around which is really positive. It seems that MG is picking up each 5m that gets sold as to not pay over the odds. It’s quite easy to spot when accumulating in the background as the bid stays very strong eventhough a sales go through, stayed at 0.1338 all day today. Hopefully see many more trades like this and the next TR1 to get this moving forward at a bit of pace again.
Using crafty tactics to get them through as well. Dropped the bid this morning while this trade was going through in the background to I assume Create a couple of sells to fill the 5m at a good price.. MG won’t want to pay more than a certain price but if everyone keeps hold of their shares then unfortunately he will.
Nice to see the 5million buy accumulation by MG continuing
Larger spread slowing things down but still some good buys coming in. Being listed as sales tho due to spread