If it was frugal: TBR and RND would be one company not two, thousands wouldn't be being paid to director related companies: their office wouldn't have been sold for cash it didn't need to a company director; and the company wouldn't still be paying hundreds of thousands to Iron Resources Liberia on terms that related to an option agreement that expired years ago - again a director related company.
In addition, the company is making significant losses. This is hidden by the way the accounts are presented.
A saving's account that makes no income but charges an 8% management fee if you like.
RND Price at posting:
$1.50 Sentiment: None Disclosure: Not Held
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