Grossly UndervaluedThis is one of those stocks which investors have not realized the full potential of what it can do. Lets break it down into what the company actually has:
1. Three producing diamond mines. Only producing diamond mine in North America to boot.
2. Has paid off its $6 million debenture back in March.
3. Settlement with the operator of one its mine.
4. Excellent property with a new diamond mine being built.
5. Joint venture partner with either Southern Era or Rea Gold for diamonds in South Africa.
The only negative thing the company has is that it doesn't have any earnings. So what. Its assets are so strong.
You can't tell me when a stock like Aber Resources who don't have a mine but have found 5 diamond pipes in the NWT went from a few cents to its current $25 dollar a share. And here is little poor RRK who has three producing diamond mines and excellent property to expand both its Kelsey Lake mine in US and its mine in South Africa.
I'm a substantial shareholder. I got in a decent price of 0.365 cents. I believe it will one day be trading at its high of $2.00 in the near future. Investors do not know about this stock. I believe the company does not believe in Investors Relations. Sure I phone the company for information but that is the only time I hear from them.
Maybe we should all get together and start phoning/faxing/emailing the company to start some PR and get some actvity.
I highly recommend this company to any junior resource investor. It won't be an overnight success but in the long run huge capital gains are going to be realized.
porkchop!