I've been in another company trading at negative EV with great...

I've been in another company trading at negative EV with great prospects, but after a long time they still haven't converted their cash into real projects to add value.

This ship is a different ship, I think. The royalties exist already, and they clearly have a strategy of growing value through taking part in / funding specific stages of projects. I stumbled here on my hunt for Tungsten, and whilst TGN might now be the better upside potential, GWR do appear to be the safer bet because of the cash backing. Clearly bouncing between 7.5-8c on the share price so I would assume that's a new base. Also a lot of volume shifted this last fortnight. Interesting.

Might move in from the sidelines