I'm not looking to downramp, I have no intention to buy, but just not sure where investors see the value here...even at 4c it has $8m market cap, there are other companies I can see around the same m/cap that don't have the HUGE liabilities that RSN do, but have a similar sized resource and potential (with a brief look). Some examples would be AXY with a 500k resource & $6.7m cash, $8m mcap. NWR with $5m cash, from memory around 350k resource, $8m mcap. WWI, 440k resource, 8m market cap, $2.7m cash. Can anyone here give me a good reason to even give RSN a second look?
Volatility seems ok for trading, but IMHO this doesn't look like a buy and hold...
RSN Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
