RQL 0.00% 26.0¢ resource equipment ltd

baby and bathwater, page-11

  1. 6,485 Posts.
    No worries Croc, just do not want to see posts touting 25c which is simply ridiculous. Current price is ridiculous.

    The sp is just the market, RQL's top is 79c, so we've fallen 60%.

    To give you an idea of how cheap this stock is. Current P/E is 5.4. Net tangible asset backing per share is 31c according to the AGM.

    Now BHP has an NTA per share of 9.90. So our current price is like BHP at $12.

    Very soon, this will explode.
 
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