RDG are making the tough decisions, but let's take a couple of minutes to really observe the results here.
The construction and mining sectors as @Plimsoll previously stated have negative outlooks.
But now let's get serious. It is a real possibility that in the very near future, RDG may be close or even potentially generating positive cash flow. I think regardless of what anyone says, positive cash flow is a big milestone for any business because it means, "hey look at me, I have the ability to grow larger. I have enough revenue now to support myself, to decrease the need for a CR and further dilution. I'm growing into a self-funded corporation that could one day be a multi-billion dollar enterprise."
Many investors want quick cash, they'll take their 5, 10 or 20% returns. But why settle for that when you can look at RDG today and buy it for under 3c and hold it for 100%'s in returns in the long-term.
RDG fundamentally is sensational; plenty of cash, no debt, directors with very big contacts, numerous contracts, possibly positive cash flow, persistently seek new acquisitions, more than one stream on revenue. The possibilities are endless.
As discussed this morning, we are trading with an EV still of virtually nothing. RDG has been pushed under the floor rug for so long, but now it's time to bring it back. I'm glad to see interest beginning to rise, especially on the forums where I can see the number of views. Last night, we had 3,136 views, as of now 3,770. That's an increase of 634 in less then 24 hours.
People will argue and say views mean nothing, but let's look at the real possibilities. We haven't been on the top gainers now for awhile. RDG I believe is gaining traction due to word of mouth, and more importantly the pure fact that management have once again, leading back to my opening sentence, making the tough decisions and making them well, turning the struggles into plentiful opportunities that are beginning to become noticeable and rewarding. That is why I decided to invest in RDG!
SHOUT OUT TO OUR MANAGEMENT TEAM AND ALL EMPLOYEES, KEEP UP THE GREAT WORK!
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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($) | Vol. | No. |
---|---|---|
2.5¢ | 34000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 437959 | 0.024 |
2 | 550000 | 0.022 |
1 | 220000 | 0.021 |
1 | 10000 | 0.012 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 142147 | 1 |
0.026 | 25714 | 2 |
0.030 | 100000 | 1 |
0.032 | 199999 | 1 |
0.033 | 100000 | 1 |
Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
RDG (ASX) Chart |
Day chart unavailable