RE: RHR who here thinks this stock should be sitting at like .10+
No question Redhill is undervalued based on their cash and securities. 10 cents is quite conservative if the POG goes where I believe it will. All boats will float with a higher gold price but a higher premium wlll be given to juniors with capital and no need for dilution, as well as good prospects. The property acquisitions in BC have a great deal of promise. We need the drills to do the talking and Redhill has quite a bit of capital to embark on such a program. Much work will need to be done in the meantime.
I strongly disagree with the poster who mentioned the "Euro crisis." There effectively is no Euro crisis. It is a banking crisis where central bankers have offloaded bad banker debt and passed it off to the people. Don't confuse the financial economy with the real economy. Japan, US & The UK have far worse GDP to debt ratios when all items off balance sheet are included. To add even more fuel to the fire, interest rates have been artificially suppressed ensuring a bear market for bonds. More capital will likely flow into equities. PM equities will be a huge beneficiary. Gold and silver should rise higher relative to other commodities. So rising prices for the exploration & production of gold would be a moot point.
I would definitely be a buyer at these prices.
GLTA