RCO royalco resources limited
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large block rco sold

  1. acturtle
    3,800 Posts.
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    11/03/09
    09:44
    Post #: 4888850
    The crossing yesterday of 3.6 million RCO at 19c yesterday looks like the departure of RIO from the share register.

    The question is who did it go to?

    If it was Anglo Gold then they will be pushing right up against the 19.9% barrier.

    With $1.6 million coming in the till every quarter from the Reefton royalty, RCO seems a pretty safe quarter in the current market climate.

    A company with a market cap of $10million and revenue of $6million per annum (say NPAT of $4 to 5 million?).

    Cheap as chips. A pretty safe port.

    acturtle


    RCO Price at posting: 20.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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