Credit to MrSpice for triggering me on this, but RTG's fundamentals are pretty healthy:
Cash/liquid assets at $5.8 million in the most recent quarter
Just one loan at $500,000, to be repaid by March next year
40% held in Mt Labo
Mt Labo owes RTG $36 million
Galeo owes Mt Labo $47 million (37m + interest) as per Court Orders.
RTG's share of the above (40% ownership of Mt Labo) would be $18.8 million
90% ownership of the Chanach project
Landowners nominated company of choice for Panguna
So we have a cashed-up company, with one small loan it can easily pay, and 3x projects. With Mt Labo, either it moves forward to production (ka-ching), or the TVI Group pays out RTG for its share (again ka-ching).
Market cap of 36mil looks like a bargain at these prices.
Only issue? No updates from the company. If the company got more proactive in market updates, I'd imagine a lot more buying of this stock.
RTG Price at posting:
4.3¢ Sentiment: Buy Disclosure: Held
