Even though management r very slow, I think Regal Resources are very cheap. So cheap I broke all my rules and bought more at what I think is a crazy low price, because excellent management will turn RRL upside down.
Market valution today around 1.24 billion.
My very, very rough Calculation, they are worth 3.5 billion.
Tropicana 30% worth 1 billion. Duketon 100% worth 2 billion McPhillamys 100% worth 500 million, price paid plus drilling and associated costs till now.
Takeover price , one wantabe, 2 billion. Takeover price , more than one competitive buyer 2.5 billion+
Please , Please debunk this theory. As I am usually wrong!
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