Riverfort Global Opportu... Dividends - RGO

Riverfort Global Opportu... Dividends - RGO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Riverfort Global Opportunities Plc RGO London Ordinary Share GB00BKKD0862 ORD 0.01P
  Price Change Price Change % Stock Price Last Trade
-0.025 -1.33% 1.85 16:20:01
Open Price Low Price High Price Close Price Previous Close
1.875 1.85 1.875 1.85 1.875
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Industry Sector

Riverfort Global Opportu... RGO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

cromw3ll: RISK WARNING & DISCLAIMER RiverFort Global Opportunities (RGO) is a research client of Align Research. Align Research own shares in RGO.
seraha66: Some new "Statement of capital following an allotment of shares" filings issued by PLUTO DIGITAL at Companies House. These should give a more accurate picture of PLUTO shares in issue at this time. The most up to date document shows PLUTO having 638,237,192 shares in issue. With the most recent being issued at 6p. So in theory this values PLUTO at £38,294,232 With RGO's 4.2% share of this valued at £1,608,358 So a nice little gain on the original £1,000,000 investments. The real fun will start once the PLUTO IPO price is revealed. This does not take into account that RGO also hold PIRI shares. With PIRI, I believe, also holding 32,518,876 shares in PLUTO.
plasybryn: There apparently is a Pluto Digital Rocket Launch Webinar for shareholders this morning. Hope we will get some more news effecting ARGO, PIRI & RGO?
outspan: Needs sorting, I feel sorry for those affected and by the Summer I may well become one of them given that EQI has apparently sold out to ii. RGO is not an investment fund and is as much a retail share as anything else. Neither is it offshore. I think the confusion is that some brokers mistakenly confuse it with Riverfort Global Capital or Riverfort Global Opportunities PCC registered in Gibraltar. This version of Riverfort is indeed indirectly related to the others but, unlike the others, is an independent listed company on AIM. It is an English Company registered at Companies House, since 1932 in fact, having previously been known as Paternoster Resources, Viridas and Caldwell Investments, among others before Riverfort Global Capital invested and became their Investment Adviser and hence the latest name change and the massive transformation into a quality stock since then. All this said, under whatever name, RGO is and has always been a PLC, listed perfectly normally on the London AIM market, it is not a fund and is not offshore. The tricky bit for some is to get their broker to realise that and to treat it normally. In order to help make things clear for certain regulations and certain brokers, the Company has even gone to the lengths of releasing a Key Information Document, despite it not actually being required for such a company as RGO but seems still to be a case of taking a horse to water but...: hTTps://riverfortglobalopportunities.com/ hTTps://riverfortglobalopportunities.com/key-information-document/ hTTps://find-and-update.company-information.service.gov.uk/company/00269566 Not looking forward to the battle I'll face with ii when they gain my holding and I'm sure the holdings of many others like me currently with EQI. What are they going to do about it when they realise they've become the massive nominee holder of a stock they currently don't trade? Should be fun to find out but if they don't then realise the error of their ways, they will certainly have a fight on their hands, as will EQI for creating the situation!
outspan: PIRI RNS on the same subject is a bit more forthcoming and suggests RGO will now hold approx 21.34m shares in pre-IPO Pluto for its 4.2%. PIRI RNS also mentions what looks like a stonking warrants deal alongside this raise so strange that RGO does not mention warrants. I can't recall seeing a placing where some participants get mega warrants and others don't, so.... Thing here is that PIRI paid in a non-cash manner using 1.9m YOP tokens and a transfer of its DeTech holding to Pluto. That DeTech holding plus 4m YOP tokens cost PIRI just US$200k only a few months back. Now that US$200k holding but with only the remaining 1.9m of those YOP tokens received at the time buys 23,301,633 shares in Pluto @ 6p, the attributable cost of investment being approx £1.4m. Plus 24m warrants exercisable @ 6p, 6m vesting immediately. Nice!! So getting back to RGO, my extrapolation of the PIRI RNS is RGO now holds approx 21.34m shares worth £1.28m @ the latest Pluto raise price of 6p but which cost them only £1m. Plus a slug of warrants a la PIRI? We can only surmise. However, what is in no doubt is that RGO also holds 18.2% of PIRI! Value and hidden value just get better and better here, plus 4%+ pa dividend! Happy to have a large foot in the disruptive tech/crypto arena via RGO and let others make the calls on stuff I really wouldn't want to call for myself.
master rsi: 1.45p +0.075p (5.45%) News: RGO will have a 4.2% in Pluto Further investment in the digital assets sector RGO is pleased to announce that, further to its announcement on 4 February 2021, it has invested a further £700,000 in newly incorporated Pluto Digital Assets plc ("Pluto"), as part of a fund raising by Pluto to raise a total of in excess of £20 million. Post this fund raising, RGO will have a 4.2% shareholding in Pluto.
seraha66: RGO is an interesting arbitrage in relation to PIRI RGO currently at or just under last reported NAV PIRI currently at approx 5x NAV You can indirectly aquire exposure to PIRI by buying RGO. RGO also offers more than just exposure to PIRI ! I expect these increases should feed through to RGO. However, PIRI being crypto related could be a bit frothy. What goes up, could also come down. Time will tell. The good bit is that RGO's PIRI shares were all aquired below PIRI's reported NAV. So even if PIRI retraces, RGO's holding should still be of value.
outspan: Yes, very well. As you probably know, Invinity was previously Red T and "Big Daddy" Riverfort, participated in a £3m convertible loan of which "Listed Riverfort" (RGO) took £500k's worth: hTTps://uk.advfn.com/stock-market/london/riverfort-global-opportu-RGO/share-news/RiverFort-Global-Opportunities-PLC-Investment-upda/82124120 Things to note before reading the terms - Red T/Invinity's shares were consolidated at the time of RTO by 50 to 1 so e.g. 2.15p then = £1.075p now. Also note the several "Issue of Shares" and "Exercise of Warrants" in IES RNSs dating back to 1 Jul 20. Divide shares issued and warrants exercised by one sixth and you'll be in the zone for how much of it is attributable to RGO Riverfort Investment Agreement An Investment Agreement between (1) the Company, (2) YA II PN, Ltd, and (3) Riverfort Global Opportunities PCC Limited dated 13 March 2020 pursuant to which YA 11 PN, Ltd and Riverfort Global Opportunities PCC Limited agree to lend £3.0 million (the “Principal Amount”) to the Company (the “Riverfort Facility”). The Riverfort Facility incurs interest at a rate of 12 per cent. per annum and is subject to a 2.5 per cent. commitment fee on the Principal Amount and a drawdown fee of 5 per cent. in respect of each advance. The commitment fee can be satisfied by the issue of Ordinary Shares. The Principal Amount is advanced in tranches over the 18 month period following Admission. The Principal Amount and all interest accrued is convertible into Ordinary Shares in the Company at the lower of (i) 90 per cent. of the volume weighted average price in the ten days immediately preceding the date of the relevant conversion notice; and (ii) 130 per cent. of the volume weighted average price for the five days immediately prior to the relevant advance. In addition the Company has agreed to issue, at drawdown, warrants over Ordinary Shares equal to 50 per cent. of the Principal Amount, exercisable over a period of four years at a price of 2.15 pence per Ordinary Share. The Riverfort Facility shall, at drawdown, be secured by the Company granting a fixed and floating charge over its assets.
outspan: The 17 Dec release with details: HTTPS://www.rns-pdf.londonstockexchange.com/rns/9324I_1-2020-12-16.pdf Basically, RGO is splitting the funding 50/50 with the “Big Daddy” unlisted version of Riverfort - Riverfort Global Opportunities PCC. I think the intriguing/exciting bit is the structure of the deal, allowing RGO the possibility (probability??) of gaining a direct stake in Kodal’s gold assets, note well that, in the document, this is not said as being limited to Fatou alone so I take it to be all of them – 60% Kodal/40% in total for the funders, 20% direct to RGO. Moreover, the expectation is for a point to be reached as early as 31 Oct 21 for the next step. From the link above: “.…Kodal expects to complete targeted drilling to confirm and expand the defined mineralisation at Fatou within a 9-month period….” “....Funding proposal from the Investors to provide up to US$2,500,000 for an exploration programme, on a no interest, no fee basis for a future stake in Kodal’s Gold Assets….” “….At completion of the spend of the US$2,500,000, or by 31 October 2021, or upon monetisation of some or all Gold Assets, the Investors can either: i. convert the funding to a 40 per cent. holding in a gold joint venture to be formed with Kodal holding 60 per cent. (subject to certain percentage adjustments as detailed below); ii. convert the funding into new Kodal shares at a price to be determined; or iii. seek repayment of the funding over a 15-month period….” Kodal CEO: "The US$2,500,000 funding from the Investors would allow Kodal to explore rapidly our gold projects with a clear aim of defining mineral resources and demonstrating expansion and mining potential. Once concluded, this funding is extremely positive for our shareholders as it enables us to fund the acquisition of a new advanced gold project and also to explore and aggressively drill our gold projects whilst incurring low or no dilution to existing shareholders. The creation of a Joint Venture following the spend of the funding will allow Kodal to explore opportunities to achieve value for the gold assets in the future. "Kodal's existing gold assets are located within the highly prospective Birimian sequence of West Africa. At our Dabakala project in Cote d'Ivoire we are currently completing infill geochemical sampling on a large-scale geochemical anomaly, 10km strike by 800m width, in a previously untested region. In Mali, our Nangalasso project contains gold mineralised drill intersections requiring follow-up and extension drilling which will be included in the expanded gold exploration programme.” So, all the signs are of yet another “heads you win, tails you don’t lose” deal in prospect for the “unlisted-parent and listed-child” set up. Assuming favourable results, RGO gets 20% of a JV “containing Kodal’s Gold Assets….” (to my mind, most likely) OR convert to Kodal shares at a heavily discounted price (or why would they?) OR, all the while, the full money back option virtually rids the deal of risk.
outspan: No opinion on Pires except to rejoice in RGO's holding. Seems to me, one easy way for RGO to increase capital while sensibly reducing its exposure to Piri would be to convert the 10m warrants it also holds and sell into the current demand without, for the moment, reducing the attributable value of the 26m ordinaries RGO holds. This from the Piri placing in Apr 20 that brought in Chris Akers "Placees will also conditionally receive one warrant for each ordinary share subscribed for, exercisable at 4p for a period of two years from their date of issue and expiring on the two-year anniversary of the date of issue. " so a time-limited benefit in any case. This from RGO's last Finals "....by the end of June 2020, the Company's holding in Pires will amount to 26,149,993 shares and 10,000,000 warrants..." However, I note RGO got 10.75 million shares in that placing so assume they are understating their warrants by 750k. DYOR.
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