CASH is the absolute problem preventing this company from moving and allowing its SP to now be virtually worthless. When their is NO buyer, the "value" of its shares is NIL, ZERO, worthless because you can't sell them!!
This has been a problem for the last 2 years, yet we have over $750 MILLION in PROVEN gold reserves, apart from all its other assets, including Ashford.
AND, we are supposed to have one of the top wheeler dealers in the mining industry who obviously has huge contacts in the finance sector who he has made extremely wealthy by backing him with his other companies. He is also by far the major shareholder of the company.
It beggars belief that he and this company's "management" has not been able to organize funding to exploit such a valuable gold asset. Is Steven Bizzell, like many in this forum have said previously, USING this company as a huge tax avoidance scheme to offset the huge profits that he is making from his other ventures. And what is K Grice doing??? Surely we should hear something very interesting in the next few days to explain how the notes are to be issued and at what price while there are no buyers.
RSN Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
