RDG 0.00% 2.2¢ resource development group limited

Eagerly awaiting the half year report which, if similar to last...

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    Eagerly awaiting the half year report which, if similar to last year, should be due out by end of Feb.

    This will be the true tell tale sign of how things are going and how rapidly the revenue and profit declining has been, or if slowing. Obviously expect it to be lower than previous half years, but am hoping they are still turning over a few mill in profit/cash.

    The more important matter is what future work/pipeline is available as there hasn't been much mentioned to date - apart from working with HIA. Don't believe anything tangible has resulted yet?

    If the pipeline and profit is great then I would think 2-3c is a good base, as cash backing is at least 2c /share. Would love to see this kick some goals and get back to the 4-5c mark though, at least it leaves plenty of upside then.
 
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