Yes I have researched the company. And if you go back a little further, these same tenements were bid for by Bowen and Bhushan (of India). The same exact tenements.
Jindal stuffed up. And if you only purchased because of the takeover, then you stuffed up.
As for the cash flow, not many small miners were cash flow positive over the past two years. Some went close to the wall but are flying now (OZL).
All RCI has to do is get some drilling done and show to the market what they have got.
Thanks to the oppie exercise, they can do that now.
Then there is no way Jindal or anyone else will get the company for 56 cents. It will be at much, much greater multiples.
You have already seen that Jindal made an incorrect statement about EPC890 ownership. Why don't you write to them and ask them why they made this factually incorrect statement?
Ralph
RCI Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held