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RSDS Asset Valuation -- .115
The following valuation is based purely from semi-educated projections, using the geo information release in a previous PR by the company. Using the original 54 mining claims, and the minimum valuation given in this report, those claims, based on today's Uranium price of $113 lb. are worth $61,020,000.
In the same PR, Mr. Berman stated,
"The Company is being encouraged to further testing which will require costly extensive mining, sampling and testing. "We are encouraged with the preliminary reports and will evaluate our options over the next 90 days,"
I would assume that during the 90 day period of evaluation, the value of these claims must of had basis, as the company proceeded to confirm their value by purchasing another 150 claims in the same geographic area and also announced the commencement of mining to begin in May. To me this was a defining and very strong comfirment by Mr. Berman.
So with this knowledge, I am making an educated guestimate to determine a total value of the 204 mining claims baased on the value of the first 54 claims and knowing the addtional 150 claims are in close proximity to the original claims.
My guestimate:
1. Original 54 claims valued @ $61,020,000
2. $61,020,000 / 54 = an ave. of $1,130,000 per claim
3. $1,130,000 ave. per claim x 204 claims = $230,520,000 tot. claim value.
4. $230,520,000 tot. claim value / 50% discount to the market for sale potential = $115,260,000
5. $115,260,000 / 1,000,000,000 shares (guestimated final tally before 504 completion) = .115 cents per share.
IMO, with what is known, I think this is a good guestimate of value.
.115
So do I think RSDS is a strong buy? lol thank goodness I's got me sum mo Old Loofman Pure Kentucky Korn Licker to sell, so I's can git me sum more of them urnaniums!
jmo,
Loofman
The Russell chart still be looking mighty fine...
and the still be lookin mighty fine...
Russell, he's standin still and Tessi May she's just fine.
Have a good weekend y'all!
Loofman
I'ma thinkin Tessi May's gonna put on a good show fo y'all next week.
course, I's consumes a rightly good amount of Old Loofman's Pure Kentucky Korn Licker too!
jmo,
Loofman
petty, from my experience we have been sitting fairly tight for some time at .0009 - .0011. I see accumulation during this period, and it doesn't look like too many shares are being cast off by the company at this point. If Mr. Berman is close to being done, imo, I'd be holding off selling into upticks until the stock finds a new base between .0017 - .0022. An announcement of the end of the 504's looks to be what could put the s/p in that range. Any other announcement will be the icing on the yellowcake!
jmo,
Loofman
penny, we still have the potential of the 504 completion and the commencement of mining of ore this month. imo, I feel like we'll see a bit of interest in the next couple of weeks.
g/l
jmo,
Loofman
I thinks Mr. RU is a wantin to shake some booty.
Anybody ever listen to his music on that thar website of his? I played it for my missus, and it done blowed her top off! Good thang I got some duct tape.
Loofman
Well Mr. Dak, I certainly have got me a bunch of them yeller uraniums now, and I's a hopin they gets fruitful and multiplies...woodn't that smell perty!
Loofman
I'm kinda gettin the feelin that we are about to be hit by a tsuemi...
I'm puttin a lifevest around the still so shes gotta chance to float.
jmo,
Loofman
Thanks to Righty for getting the word out and for Loadmaster for being smarter than the korn licker king Loofman. Good find!
Loofman
A little more on Mr. Laser
http://www.usdreams.com/Laser.html
Well sir, I don't thinks it's Tessi May. eom
Maugt be a real interestin day within there bein a uranium sale still goin on down at the market. Tessi May say'd she'd be liken sum mo, so bein the good feller I am, I figur she's a deservin. Don't fergit now that Tessi still a waitin fer ya!
Loofman
OT: Poor Tessi May has been standin and waitin for mo than a day to take sumpthin off. What's wrong with America today? Use to be folks would be droolin all over em selves to see a good show for the raught price. But not cheer...folks jus wanner argue bout who's raught and who's wrong. Ain't nobody's wrong less'n they be shown fer a fact! Russell kept his pointy tail up all day long and I ain't never seen him do that before. The still is a workin jus fine, makin mo Loofman Pure Kentucky Korn Licker than I's even remembered, and Tessi May, she's jus getting plain worn out. I ain't too fond of the way's thangs are a goin round this place neither, but I knows sumpthin, them uraniums is special, cause they still smell good and people likes em. I'm thinkin bout traden a few more jugs for some mo. Don't let Tessi May down now boys, shes a ready and willin.
y'all come back now...hear!
Loofman
I'm hoping he is doing a cheap land grab using good dd, and I he is getting all he can. But, I agree, I want to see valuation and get the ball rolling. A growing s/p does wonders for a company's ability to grow itself!
jmo,
Loofman
OT: Here's the Loofman inside Derby picks -
Locals like Curlin to win, so do I --
My picks...
1. Curlin to win -- 7-2
2. Nobiz Like Shobiz to place -- 8-1
3. Scat Daddy to show -- 10-1
doing a trifecta box
putting $20 on my longshot Stormello 30-1 to win. I like Desormeaux (jockey)
Bourbon is flowin around these parts! Cheers!!
Loofman
Imo, if Berman proves the value of the reserves too soon, and he has some dd that suggests that these claims have significant value, every prospector and minor in the world will be jumping at the claims. And, if Berman knows this, and want to build a significant portfolio of claims at the lowest possible price, why show his hand too soon?
JMO,
Loofman
sc...I think it's going to be a combination of things...
Yes, the mm's do hold the cards, but if there is enough buying interest, and they are ready to let it run, imo, it will run. What's it going to take...
1. The company finishing the 504 in a timely manner.
2. The company announces the commencement of mining this month.
3. The company starts showing value for it's portfolio
4. The letter issue goes completely away.
I am personally looking forward to the prospect of all 4 occuring! If the company shows it is worth $50, $100, $150 mil on paper...look out!
jmo,
Loofman
IMO, yes. eom
Well makes, et al, it appears clearly to me as a ploy to disrupt the board, especially obvious when Russell releases a very strong national PR yesterday. Notice how many disruptive posts were made between yesterday and today. Notice how many interested new potential investors have stopped by between yesterday and today. Look at the postings that start postive speculative discussion about the company, and then see them get buried by a barrage of posts about the letter, etc. Kinda looks like someone wants to discourge interest in this company. I'm not discouraged.
Very much my own opinion, and I think I'm right...
Loofman
bigslickmia,
the mistake I was referring to was the .01 buy posted today on RSDS. lol Notice the high of the day is .01.
Loofman
That would be nice.
Patience is a virtue. And RSDS is a risky stock. Put a little luck in there, some integrity by the company, and a few other factors and just maybe we'll do alright here. g/l to you.
jmo,
Loofman
Anyone catch the trade at .01?
lol signs of things to come? Don't you wish it weren't a mistake?
Loofman
I would think that could happen. Once the investors are comfortable that the company is not going to offset their buys with sells, and the company shows the value of the claims, it really could get very exciting. That's why I have invested and added, to hopefully be in a position to one day benefit from such a possibility.
Many sit on the side lines and wait, and sometimes that works too. But it's hard to time the jumps, and it's hard to get the maximum profit potential flipping, imo.
jmo,
Loofman
Alice, that's what I've been guestimating as well...
I asked yesterday, what folks thought the stock might do share price wise, and I believe one answer was about .007 which matched our high of the year. That would be in line with what ETIM did with the end of their 504, but with one exception, ETIM has more than 2.5 bil shares outstanding. Hope we could do better, and with the mining of ore occuring this month, that could help, imo
JMO,
Loofman
Flix I agree, but unfortunately expressing my opinion here about the arguement in a creative way is considered off topic and being deleted. I'd much rather be seeing discussion about the effect that the completion of the 504 may have on the stock price, than what is going on with the letter issue. To me the letter issue is a non issue until it is ever made public by the proper channels.
jmo,
Loofman
Concerning the NASD document...
I believe Dak was in hot pursuit of getting that document. I remember back a couple of weeks ago he had called Josh Bleak??, and was waiting for it to be faxed to him. I'm guessing Dak finally got it and sent it out to the board?? Sorry, can't remember yesterday, most of the time...korn licker will do that to ya. lol
Loofman
makes...
with all due respect, I don't recall pm'ing anyone the NASD letter. I got it about the same time it was posted on the box. I figured one of you guys sent it to me. LOL
Loofma
No NASD letter was sent out by me...
I got an unsolicited pm with it linked from somebody on the day it was posted on ihub. That's the first I saw of it for the record.
Anyone get any sleep last night? lol
Loofman
Yeah makes, Tessi May is gitten tard of waitin. eom
Anyone here have any experience with a stock ending it's 504?
I know someone had commented on ETIM. Any others? What does anyone think the end of the 504 might do to RSDS share price? Any educated guesses?
jmo,
Loofman
I'm a thinkin them M&Mers say'd sumpthin to you raugt there! lol
Don't you be talkin .0013's befo they's dun with .0009's lol
Flix, fer .02 cents...
Tessi May will share the shack with ya!
Loofman
OT: Jus so you knows Tessi May really means it,
she wants to give y'all one of them sneaky peaks...
she really likes that RSDS!
OT: John ifn' you want him I sho nuf can get him. eom
Now I didernt say I wuz a selllin, jus saying that I'd feel a hole heap better if we gets to .0015. My banker would let's me borrie enuf dollers to get me them winders and anew door.
Loofma
In the spirit of helpin the share price...
and me gettin sum winders and doors, my missus, Tessi May, say'd see'd a take sumpthin off if'n we'd git to .0015 today. Now I'm a not much for partakin in this sort a thang, but I do needs sum winders.
Loofman
Makes, the thing with people with an agenda is they can get caught putting their foot in their mouth. We just had a perfect example of this today. Where does fact and fiction come into play when the former moderator of the FNF board comes to this board, casts doubts, and asks a poster how much he just paid for his shares?
Thank God for giving us a good brain to see the difference between good and corrupt.
Thanks for pointing that out!
jmo,
Loofman
OT: Makita, don't be tellin him about another stock like that...
they might not like him spoiling their desert. lol
you caint ketch me cause I'm the Loofman!
be good - good feller...
Y'all might want to looks at the ihub home page...
I'm a thinkin that says sumpthin about this here company!
Well, it could also mean they's liken ol Russell alot too...
jmo,
Loofman
OT: John, John, John... my missus and younguns are readin this here board...
fortunately theys only knows how to read a few wurds...
Loofman