Ann: Pegasus Resource More Than Doubles, page-12

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  1. 1,107 Posts.
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    Sorry decrisper I did read your comment as overvalued.

    The point of my response, however, was to show that RND is not overvalued or slightly undervalued, but that it is GROSSLY undervalued.

    Your analysis missed the gold held by RND and also it's cross holding in TBR - assets with a value in excess of $75M. The company also has NO debt, the remainder of the loans for both TBR and RND were paid off last half year.

    Cheers

    W
 
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