Yahoo has something for RCG chart enthusiasts
Yahoo has something for RCG chart enthusiasts
https://finance.yahoo.com/quote/GDPEF/key-statistics?p=GDPEF
The over the counter prices are reasonably close to their daily market cousin.
Curious minds might want to plot the following on the 5 year chart.
book value
2015 14.8c
2016 -5.8c write off of indonesian properties
2017 6.9c
2018 7.5c
market value of tax credits (market value = 1/2 tax credit)
2015 30.0c
2016 15.6c
2017 6.1c
2018 5.9c
book value plus tax credits
2015 44.8c
2016 9.8c
2017 13.0c
2018 13.4c
All dates are June 30 year end.
Also plot Sprott's $4M 20c/sh investment in Fall 2016
Comments
Tax credits are diluted as share count increases from 24.4M to 175M.
Book collapses with the write-offs in 2016 and is rebuilt with investments.
A broken clock is right twice a day.
Market price crosses book value in early 2016 at 10c and again in late 2017 at 7.5c
Note:
all prices in current share structure
eg 2015 prices use post 5:1 consolidation so 24.4M shares
2015 24.4M shares (post 5:1 consolidation vs 122M pre-consolidation)
2016 45.0M shares
2017 123M shares
2018 175M shares