i love the enthusiasm but is anyone actually making money on this stock at the moment?
if someone offered me 50c for this stock i would probably take it
many mistakes made
why dilute shareholders and purchase the Tassie assets at the peak of the commodity cycle when they are not even going to put a hole in the ground...has become a non core asset and a waste of time...major mistake IMO
why spend millions of dollars on land when there is no path to market.....money that should of been spent later IMO when there is some certainty that the project will get off the ground...major dilution and no value added
management continue to issue themselves free shares for meeting milestones that have no correlation to shareholder wealth...unbelieveable IMO
unrealistic targets...when i first researched this stock they were targeting BFS in 2009....dont announce things that cant be delivered
PFS results...obviously hiding something when you dont announce any sort of valuation results as part of the PFS...if there was a significant valuation of the project it would of been included in the announcement
managmeent really need to reconsider what is the best option for this company as they are failing miserably in terms of creating shareholder wealth....which is why we are all here
I am not a major holder but this stock frustrates the hell out of me nonetheless
RES Price at posting:
44.0¢ Sentiment: Hold Disclosure: Held