Credit to MrSpice for triggering me on this, but RTG's fundamentals are pretty healthy:
- Cash/liquid assets at $5.8 million in the most recent quarter
- Just one loan at $500,000, to be repaid by March next year
- 40% held in Mt Labo
- Mt Labo owes RTG $36 million
- Galeo owes Mt Labo $47 million (37m + interest) as per Court Orders.
- RTG's share of the above (40% ownership of Mt Labo) would be $18.8 million
- 90% ownership of the Chanach project
- Landowners nominated company of choice for Panguna
So we have a cashed-up company, with one small loan it can easily pay, and 3x projects. With Mt Labo, either it moves forward to production (ka-ching), or the TVI Group pays out RTG for its share (again ka-ching).
Market cap of 36mil looks like a bargain at these prices.
Only issue? No updates from the company. If the company got more proactive in market updates, I'd imagine a lot more buying of this stock.
RTG Fundamentals
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Last
3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $40.14M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.7¢ | $5.882K | 153.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 19961 | 1 |
View Market Depth
| Last trade - 14.38pm 14/06/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
-0.003 ( 7.50 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.7¢ | 38900 | ||
| Last updated 13.36pm 14/06/2024 ? | |||||
| RTG (ASX) Chart |