RE: I am a RRR shareholder24 May 2022 23:17
I qualified in 1986, the asset valuation of resource companies varies wildly in an environment that rrr operate in. It is nearly impossible for a firm of accountants to acurately ascertain the real value of sich aassets as they chamge so quickly amd thete is a largw amount of faith uiven yo the directors on companies that are small like rrr amd have very diverse and geographiclly spread assets, that said it wouldmt be the last tome a set of dorectors mis represented their assets as rrr have been proven to have done over many years. Loon at the many writeoffs in the past . Some huve ones. So dont try to play the' if yhe auditors have signed it off it must be true ' card, it aint that straight forwatd, but then as a lay man ypu wouldnt understand the mechanics