Unfortunately we have to live with the fact that the CEO does little to no marketing of the company and its projects.
Given Min Res owns circa 70 plus percent and has loaned $90 odd million to the company,share price down to low 3.5 cents and now 3.8 cents ,there must Board members at Min Res saying ...what the hell is going on? (debt to equity almost 1:1)
Yes its a spec stock but it has businesses in production and making profits and paying taxes.
A broker apparently have research with valuation of 7 cents.
Given RDG have $150 million contract which will be completed July this year, updates and further increased production of alluvial Garnet , now starting to be sold overseas, plus any "Blue sky" mentioned about Peleton recently and samples due middle of year for commercial assessment, there should be real cashflow to report.
Last years half yearly was 28th Feb ...we will see ...
The buck stops with the CEO and being paid $500k a year ....the share price has only gone backwards since his large increase in salary.
This stock ..for its assets and profits happening ...should be trading between 6 and 8 cents in my opinion.
Remember any really good news and liquidity is tight due to management ownership and min res holding
lets hope management makes greater efforts to reflect the value in the stock and promote the company to a much broader audience
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