Surely if the sp was over $2.00 before meltdown (md)and before any meaningful production then once the CDO is lifted the company must be worth $2.00 per share again not 50c or 80c or or or. My point being that if the resource exists and is minable why would the company be valued at a lesser value that two years ago less dilution. Somewhere there seems to have been a real mistake re the valuation of this company. Why was this so ? Where did the information come from to provide the basis for this valuation ? Why is the same resource now worth less ? If the company was never worth $ 2.00 per share why did so many punters believe that it was ?
RED Price at posting:
9.3¢ Sentiment: Sell Disclosure: Not Held