not meaning to sound rude or disrespectful, but you need to actually read and understand the report and how it is compiled. You cant just read something and take it at face value. Companies (specially ASX minnows) are renowned for creative accounting.
RR1 has claimed $8.8m in exploration expenditure (60% of total assets) as an asset... why and how?? i have no idea. The auditor provided explanation, but its all fluff.
The real value of RR1 will be determined by the assays... tik toc!
RR1 Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
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