RDG 0.00% 2.2¢ resource development group limited

Thoughts on Management, page-32

  1. 1,384 Posts.
    lightbulb Created with Sketch. 212
    Please correct me if I'm wrong.

    We currently have:
    +$10.1m cash
    +$6.9m asset backing
    +$9m 7 month contract
    +$4.5m BHP revenue
    +$27m Blue Oceans Contract

    Which gives $40.5m in contracts alone plus a further $17m in current and non-current assets.

    That's a MC of $57.5m and here we are trading with a MC of $15.7m

    With that alone, I have a price target of: $57.5m/631,404,067 = $0.091 = 9.1c

    That's plus 250% from today's price!

    This is free money if I've ever seen it
    Last edited by dalto24: 18/01/18
 
watchlist Created with Sketch. Add RDG (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
0.000(0.00%)
Mkt cap ! $88.52M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 503210 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.5¢ 34000 1
View Market Depth
Last trade - 16.12pm 08/11/2024 (20 minute delay) ?
RDG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.