On 16 Jan RTG came out with excellent results regarding Mabilo Phase 1 Metallurgical Test Work. In that market release they advised "Phase 1 test work is due for completion at the end of January and given the successful results obtained, RTG intends to move immediately into Phase 2 DFS test work upon the completion of Phase 1.
On 5th of February they made some impressive maiden high grade intercepts at Bunnawan
On 26th of Feb they announced some more new high grade extensions and shallow intercepts at Mabilo
Now admittedly there has been some fairly significant corporate work done in raising a further $15 mill from sophistaces over the period Jan/Feb, however, can anyone tell what stage they are at in finalising Test work (Phase 1) and commencing DFS (Phase 2). I do note that in their 31 Dec qrtlry report they have a one liner about the DFS saying that it is expected in 3rd quarter of 2015 calendar year - I suspect by this they mean by 30 September 2015?
Given the continual slide in Share Price over the past 3 or 4 months, even given the significant exploration results announced and raising of capital securing the companies future, perhaps now might be a good time for a CEO or someone to put together a plan that shows current, new and prospective shareholders what the next 6 or 9 or 12 months looks like to the company?
While I appreciate the long term outlook is amazingly positive for this company, like mentioned by Copper and Von...I dont think it is in anyones best interests that this company gets taken over for $1. This company in my view, with the known knowns and known unknowns, and unknown unknowns... is worth somewhere in the vicinity of $300m to $800m.
That in my calculations, is a share price between $3.30 and $8.80.
IMHO, DYOR etc etc etc.
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