RRR Added19 Feb 2022 17:00
Added RRR yesterday having noticed that numerous drilling results are imminent (and looking promising), that the market cap is only £7.3m compared to £19m in assets, also more than one IPO due in short order to boost the coffers...therefore a decent buy, I'm thinking...
However, in the cold light of day, these statistics might be seen as a double edged sword - why is the market cap so low compared to assets, I find that unusual, is RRR mismanaged, unlucky, or what?
Company seem to view IPOs and JVs as the way to raise revenue, less is being said about cash being made by actually mining ore in comparison, unless my reading has been amiss...
Hopefully my first impressions will be correct and RRR SP will more correctly reflect the assets and prospects in due course, because this could possibly be a terrific investment in all honesty.
Stu