Are Shenagans Being Played By Rockcliff Management?For those with suspicious minds out there, one reason for an apparent news blackout on relevent company information might be so that another cheap private place might be made at the same price as last time. I Know that this might seem improbable, but I wouldn't necessarily, put it past them!
They may be trying to justify another 3 cent private placement. Hopefully, not one, less than that!
For company shareholders, their silence has not been golden! They have upset a lot of Rockcliff shareholders who may feel no alternative than to sell (dump) their shares.
If this is their intent in this possible manouever, then these guys have no scruples in how they conduct themselves in the public market place.
Certainly they may not be doing anything illegal but look at the negative consequences for those poor souls whom they may have forced to sell at a loss!
A lack of information is killing the share price. But maybe that is exactly what management wants to happen?
On the other hand, if the company is still on a sound footing, and its prospects still look good going forward, some persons or entities are getting a very good deal on their purchases.
Since we don't know the exact reasons for these purchases, we can only speculate for now.
Some of this opportune buying might simply be retail investors seeking some apparent extreme value as an investment.
Could it be someone with a special insider knowledge about what is going on behind the scenes?
Now if the latter happened to be the case, then this would be an example of unethical corporate conduct with some individual leaking information to friends or family members.
But in the end, these kind of wild speculations are what becomes so very damaging to a company's reputation when managment fails to keep their shareholders informed and properly updated, especially after appearing to tell them that they would do, just that!
From the last press release:
".
..It’s in the early stages for us in the lithium space but we are excited to investigate this tremendous lithium and critical mineral opportunity and will keep our shareholders updated with results...” But the update promise only referred directly to the lithium potential that the Bur property might offer. No where in this last press release did it actually state that the assays from the drilling results with respect to copper or zinc would ever be released!
Read it carefully and weep if you so choose:
https://rockcliffmetals.com/investors/news-releases/rockliff-completes-drilling-at-the-bur-property-discovers-lithium-bearing-pegmatite-dykes-near-high-grade-bur-vms-deposit/ I do hope that I wrong about this press release and the company's intention. Perhaps the press release was poorly constructed or else it was deliberately worded vaguely in this way!
Sneps said to trust management and just relax! Perhaps he is right! Just sit back and wait for the good news. But how long are we expected to wait?
Does it matter? Are we supposed to just play dumb?
Notice also, while I am wildly speculating, that by putting up a large ask at the 3 cent level, this action could be designed to deliberately force others to sell out at 2.5 cents. Someone with deeper pockets could be cleaning up this way, picking up all the loose, Rockcliff shares.
Someone or some group could end up owning a lot of the company, very cheaply, with this kind of sneaky trading manouever.
How's that for a speculation?
Even suspicious minds may decide to wait!
Some people fall in love with their investment!
That's probably not a good idea!
All the best! Java