I also agree with a number of the other contributors who question whether there is a "fair" market in both TBR and RND.
There is no doubt the ASX should be taken to task over this matter.
It is impossible to ascertain any value for either company without knowing the estimated annual production and estimated All In Sustaining Costs (AISC) and also how many physical ounces are left in the inventory.
I note that the 2018 Annual Report for RND declares a NPAT of $22m. What a great result. But it is historical and we should be given some guidance as to what to expect for the end of FY2019.
For some reason the TBR Annual Report has not been released. I presume it should be online before the market opens on 1st Oct. Hopefully that will also be a good result and a possible indicator of things to come.
So given that things have opened up a little in terms of transparency why dont the Directors update and fully inform the market as to guidance for 2019 and ounces left in inventory.
Is it that hard?
TBR Price at posting:
$5.61 Sentiment: Hold Disclosure: Held
