Thanks vs, we keep seeing this 35m buyout or jv popping up and this time, apparently from a different government source!
If sold at that price and added to the expected cash on hand, it equates to around 1.08 cents cash backing but i'd much prefer to go into production with Comibol or other on reasonable terms considering that there is a reserve which would generate around a billion in profit over the proposed 10 year plus mine life and even if RAU retained only 30% of the project for example, there would be around 27m/annum or 0.8 cents per share profit and given a p/e ratio of only 5 times has the sp at 4 cents.....That lovely word dividends comes to mind......Dreaming? Perhaps not given the constant rhetoric from two different government sources now.
It's plain to see why Comibol would want the project developed and keep in mind that Ray has a very large holding that owes him plenty (over 3 cents from memory) and explains why he's working for RAU free of charge......Our interests are very much aligned and you would expect him to be fighting hard for every cent.
Interesting to see a full day of trading yesterday and not one sale at 0.2 cents which stands to reason for mine, why would anybody?....Over a million oz's in gold reserves and a government guarantee not to nationalise.
Just a thought, we all know that people of all persuasions read the various trading forums to gage sentiment.....i wonder if we keep reading the $35 million figure to stimulate chatter to gage sentiment because, at the end of the day, shareholders would be voting for or against and gives an insight to those reading, whether or not this figure is in the right ballpark.
BIG Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
