Like many here i'm suspicious of the rise, Monday will be interesting...plus why the rise? Someone know something we don't?...... I hope I'm pleasantly surprised.. Interestingly Bandy added 1m shares on 24th March, I wonder how far away from news a CEO's dealings have to be? One month? Ie Monday?... Currently we are in a great position for a small cap, a bit like Range were many moons ago, before poor venture after poor venture gradually with share issue after share issue made there shares in issue as large nearly as UK debt (ok I exaggerate! A little!)......a few more bad investments and we will be in a similar position....but for now, any decent purchase and we will imo at least double our current SP, more likely treble....but that's about it as far as I see...I see little value in current 'assets' , so question is, how many more years salary will Bandy want to take before he like last time has to pull something out the bag to justify his position....we'll see....
Well what are people's thoughts here? Â£6.4M in cash and minimal overheads of Â£130k a quarter. What other company is in such a privilege position? Considering the market cap of Â£6M. The upside is any new venture and over the medium term the Philippines where rmp has a 37.5% interest - i suspect they will be looking to farm this down over the next few years
Hi. They have more cash than current market cap, no debt and low overheads. They are trying to sell their 20% holding in Georgia and hold a 37.5% interest in the sc55 block in the Phillipines that looks very attractive. Dyor
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