RE: Expecting results next week24 Mar 2018 23:36
MRMAGIC
i have been explaining to you for awhile and i think you dont get it!!! the company is significantly undervalued, its has a mkt cap of ONLY �5m. Should the mkt cap had been fair, lets say between 25m (5p a share) and then we talks about the warrants then one expect to take a hit.
But the mkt is currently undervaluing this company significantly, with the share price of 5p and 500m shares in issue a mkt cap of 25m will occur, with 820m shares in issue and 25m mkt cap the sp will be 3.2p. Had the current sp been 5p i would worry about future warrants.
MKT is only valuing RRR at 5m at moment, so even with those warrants anything less than 3.2p is cheap.
Its very likely that 40m warrants will not be converted. 21m expire in april and further 20m are owned by Beaufort who are in admin.
Do you understand now? With current assets anything under 3.2p is cheap, once further assets purchase this will increase. Dont waffle on about warrants to me..
Company will receive $750k +5% interest from para on by 1st april and by the 18th April the company will have over �3.5m in bank. Valuing all assets at just �1.5m.
Its absolutely a no brainer this stock at current levels, shame you dont understand!!!!