RVS and ROG- Just the facts Jack! RVS holds 16 million share of ROG which has a six month hold on it from October 2011 deal, which means they cant't sell these till around end of April 2012.
The shares that they sold on Friday were not part of the the above so there was no hold on them. The fact that 980k shares were picked up so easily tells you that there is demand in the market.
RVS needs the money for now as they have an option payment coming up on Jan 27, I beleive it is around $18mm in shares and cash. They can easily do $5-8 million in cash and the rest in shares.
And now some speculation:
ROG has further drill results pending which are due any day now and therefore you see strength in the stock price with expections of the either the same or better results which should keep the story going. As mentioned earlier, there aren't many stories this good around these days so if the results keep coming, this could see $2.00 soon IMHO. Gold price is back up and long term looks bullish so a take out of ROG is also possible within the next year or so.