RDG 0.00% 2.2¢ resource development group limited

Please correct me if I'm wrong. We currently have: +$10.1m cash...

  1. 1,384 Posts.
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    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
 
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