Riverfort Global Opportu... Share Discussion Threads

[nico115] 20/1/2021 17:53

Totally agree We all hate drawdowns so it's better to be invested in them !!Not see brian have a loser yet This will double imho I am chunky here and only sold a while back cos wanted to add to Argo at 30p

[nico115] 20/1/2021 17:51

Had 35m but not more comfy with my position Think I went in too big !! Lol

[daicaprice] 20/1/2021 10:26

Didn’t someone on here say they had 15m? I too would be taking a few off the table up here if I was that fortunate.

DC

[gimmetheloot] 20/1/2021 10:22

Somebody selling chunks of a million. 2 gone through this morning.

[plasybryn] 19/1/2021 23:46

John Mahtani- Found him on Twitter. Also invested in PNPL which went up 95% today. AAA, PIRI and PNPL- quite an exceptional investor. Well done John. Are all these shares in bubble territory?

[pinkpudycat] 19/1/2021 21:42

I’m a recent buyer here but like what I see, I also took some PIRI which helps spread the risk, my best investment by far has been SLP which I got into at 6p, I don’t expect the same return here but I think there is potential, let’s see.

[daicaprice] 19/1/2021 17:06

A few profit takers taking advantage again today letting new money in for the next stage hopefully as there are no signs of PIRI slowing down.

DC

[daicaprice] 19/1/2021 17:03

Johnma and yes he’s a private investor but also a successful businessman, I don’t think he holds here but told me they were a good buy because of the PIRI holding and warrants.
He was also a declarable holder in Tern and I know he has started adding there again.

DC

[plasybryn] 19/1/2021 12:09

Thanks daincaprice. So he is an ordinary private investor. Do you know his ADFVN handle by any chance? Does he hold shares in RGO as well?

[nico115] 19/1/2021 11:29

I hold c.15m here and this is so under the radar So many decent holdingsBrian the ceo is a genius 3p target

[daicaprice] 19/1/2021 09:14

He does post on the PIRI BB, also TERN, he is a declared holder in AAA from 4p to 20p as well. Told me Friday after I’d bought here that it was a great buy and also a way into PIRI, he also posted that on the PIRI BB replying to me.

DC

[plasybryn] 19/1/2021 09:04

Great daincaprice. I see he has increased his holding in PIRI today, which shows great confidence. But could I ask if you are able to tell me a bit more about who he is? Is he invested in RGO as well? Does he post on the PIRI B.B.? Thanks.

[daicaprice] 19/1/2021 08:25

Spoke to John Mahtani Friday and he’s expecting 20p there this week.

DC

[plasybryn] 19/1/2021 08:15

PIRI doing well!

[daicaprice] 18/1/2021 21:52

Good volume again today, some good size ins and outs which should consolidate the 1.35p mark as resistance downwards.
Happy I got in Friday morning.

DC

[outspan] 18/1/2021 09:19

The 17 Dec release with details:



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] 18/1/2021 09:17

The Kodal option doesn’t require any milestones to be met during the year, merely the completion of due diligence so the funding will most likely be completed imminently according Kodal’s rather upbeat release on Friday:



“….On-going review of historic drilling is highlighting zones of high-grade mineralisation that will be followed-up as a priority….”

“….Good progress made with the Investors in finalising the proposed Funding Agreement with due diligence nearing completion and documentation in progress - due to delays over the Christmas period an extension of two weeks has been granted to the Investors for completion of due diligence and completion of final contract….”

CEO Extract: “.…The review is continuing to highlight opportunities to extend the previously defined gold prospect, as well as priority exploration targets. The focus of the drilling will initially be to confirm findings of previous drilling and geological information, however, we will also be targeting extensions to the mineralised structure to determine the size potential of the Fatou Project….”

"….We have been working closely with the Investors to finalise the due diligence and drafting of the final agreements for the proposed US$2,500,000 exploration funding to be used to progress the work on our gold projects. As requested by the Investors, we have agreed to extend the due diligence period by two weeks due to delays over the Christmas period, however, the process is well advanced. Kodal has received the initial funding advance of US$300,000 under the Term Sheet for the proposed Funding Agreement and has completed the stage 1 consideration payments for the acquisition of the Fininko and Foutière concessions that form the Fatou Project. I look forward to providing further updates in due course…."

[knil] 15/1/2021 15:08

RGO's 26 million plus shares in PIRI worth around £3.9 million but the 10 million 4p exercisable warrants are worth another £1.1 million with PIRI at 15p, so I think the PIRI stake must now be worth about £5 million.
For the quarter ended Sept 20 RGO was holding around £3 million in cash, not sure what it is now.
Have taken an option in Kodal Minerals depending on progress this year and also a substantial stake in Tanzanian Gold which could become more valuable as the world prints money.
Not forgetting the .02p interim dividend and possibly a .04p final one later this year.
As per RNS of 6th August 20 RGO had warrants in 23 companies which may now have changed but looks like a solid company with a market cap of around 9 million at 1.35p.

[daicaprice] 15/1/2021 14:05

Well the rise and increase in volume has certainly let a few stale holders move on, will probably drop back over the next few sessions but is looking well placed for the next leap forward on further updates.
PIRI holding well and no sign of any retrace.

DC

[daicaprice] 15/1/2021 13:12

Thanks Stella,Looking very interesting from here, may have timed it nicely today.

DC

[daicaprice] 15/1/2021 12:54

Is that a 13m buy @1.35p certainly is by the price showing, more than just a punt!!

DC

[plasybryn] 15/1/2021 12:16

I know what the Market Cap is I want to know what are actual value is.
26m shares in PIRI = £3.9m
Cash?
Kodal
Tanjanian Gold Corp?

Anyone know?

[cool hand kev] 15/1/2021 11:47

9.51 million market cap

[plasybryn] 15/1/2021 11:31

Do we know what our NAV currently is?