RTG 2.70% 3.6¢ rtg mining inc.

Credit to MrSpice for triggering me on this, but RTG's...

  1. 364 Posts.
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    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.
 
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Last
3.6¢
Change
-0.001(2.70%)
Mkt cap ! $39.05M
Open High Low Value Volume
3.6¢ 3.6¢ 3.6¢ $900 24.99K

Buyers (Bids)

No. Vol. Price($)
1 200000 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 310304 2
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Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
RTG (ASX) Chart
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