Been watching quietly on RTG for a few months. Bought my first parcel at 35 cents and just topped up today at 37.5 cents.
Way oversold, you could remove Mabilo all together and justify current price based on cash and the exploration prospects, especially Bunawan which is close to MML's flagship gold operation.
The exploration upside of Mabilo itself is huge, and the NPV of the project more than covers current market cap. There really isn't much to fault here with a proven management team knowing how to get a mine up and running in the Phillipines (Masbate - now run by B2 Gold).
Considering B2 Gold is also a significant shareholder of RTG it would be fair to assume B2 Gold will eventually take over RTG IMO.
The fact that both B2 Gold & OceanaGold passed the audits easily tells me the issues surrounding auditing are over blown. With RTG trading down near 52 week lows it is a complete no brainer. I will continue to buy weakness but I don't think it will hang around. Funds/Instos/Sophisticated and the market in general can't be that ignorant on the bargain that presents itself here, They only just subscribed for 20 million worth of stock at 60 cents a few months ago!
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Mkt cap ! $40.14M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1300 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.7¢ | 3305 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1300 | 0.036 |
4 | 380480 | 0.033 |
2 | 320000 | 0.031 |
2 | 350000 | 0.030 |
2 | 400000 | 0.029 |
Price($) | Vol. | No. |
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0.037 | 3305 | 1 |
0.039 | 50000 | 1 |
0.040 | 150000 | 1 |
0.046 | 350000 | 1 |
0.050 | 996170 | 2 |
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