I totally agree with you that it's undervalued.I've tried to...

I totally agree with you that it's undervalued.

I've tried to apply some logic to the current slow trading in RSG and can't come up with much to shed any light on it. However, I do think buying will slowly increase leading up the the meeting on the 30th May to approve the capital return and 1:3 free listed option.

I repeat what I said in a post a week or so ago,,,,,

Debt Free
Capital return of 10 cents p/share
Free 80 cent listed Option to shareholders (1:3)
Producing around 240/250k ounces p/year
Average price per ounce to produce, $400
A substancial holder in RBK and SPX, with mines in close proximity to both those companies.
Alliances and positions with other exploration companies

Even working out a value using EXREMELY conservative figures and allowing for costs of exploration, administration and tax, I still find it hard to see that it should be below $1......and of course, that is excluding any possible bull market in the price of gold.

Do the sums, it certainly appears to be very undervalued to me.