Share Name Share Symbol Market Type Share ISIN Share Description
Riverfort Global Opportunities Plc LSE:RGO London Ordinary Share GB00BKKD0862 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  0.025 1.75% 1.45 6,632,284 09:48:28
Bid Price Offer Price High Price Low Price Open Price
1.40 1.50 1.45 1.425 1.425
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.62 0.01 145.0 11
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:17 O 1,000,000 1.377 GBX

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Date Time Title Posts
28/9/202113:03Riverfort Global Opportunities LSE: AIM348
18/11/201913:44RiverFort Financing at the UK Investor Show13
21/3/201419:28Recovery at 2 Ergo?373

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Riverfort Global Opportu... Daily Update: Riverfort Global Opportunities Plc is listed in the General Financial sector of the London Stock Exchange with ticker RGO. The last closing price for Riverfort Global Opportu... was 1.43p.
Riverfort Global Opportunities Plc has a 4 week average price of 1.43p and a 12 week average price of 1.28p.
The 1 year high share price is 2.55p while the 1 year low share price is currently 0.80p.
There are currently 775,404,187 shares in issue and the average daily traded volume is 1,651,333 shares. The market capitalisation of Riverfort Global Opportunities Plc is £11,243,360.71.
kaos3: ok - found - they both have co-investment partnership are close to each other - but not the same "The Company works closely with its investment adviser, RiverFort Global Capital Limited, in sourcing and structuring its investments. RiverFort Global Capital Limited is a specialist arranger of funding for junior companies." so - we are allocated their ideas and deals imho who gets the best ones? are we told the best ones? how does it work in the reality? the ideas, opportunities allocation by the RGO Ltd? at what costs? what is the cost formula?
kaos3: can one help me in this jungle of the names - who is who - TIA from Rambler mining: "Canada - Rambler Metals and Mining plc (AIM: RMM) ("Rambler" or the "Company"), a copper and gold producer, explorer and developer, announces that it has today issued a total of 1,150,479 ordinary shares of 1 pence each ("Conversion Shares") at a price of 18.8791 pence each in respect of a conversion notice received on 3 September 2021 by Riverfort Global Opportunities PCC Limited ("Riverfort")" and "The Company has also signed a binding term sheet for an unsecured, subordinated convertible note of up to US$30m with Riverfort expected to be closed by July 7, 2021..." eg - how is this RGO involved if it is at all?
fegger: RGO price being hit hard by the Pluto situation
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.
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.
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.
tim000: PIRI equity and warrants currently worth 0.22p per RGO share, each 1p increase in the PIRI share price increases RGO's NAV by 0.055p, or about 7% of the current share price And yet there has been no impact (yet) on the RGO share price
tim000: It appears that RGO has exercised its right to 95.5 mn EQT warrants @0.375p and sold them all immediately at ca.0.8p, making a profit of ca.£400k. That's equal to 0.06p per RGO share, ie 7.5% of the RGO share price. It looks as if IES warrants might turn out to be equally profitable. RGO is under the radar, but a highly undervalued asset.
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