Red Lake Madsen Mine Ltd LRTNF

Great Update

[panda14]

Mine has reached 800 plus mine tonnage as scheduled. Access to ore is under control with new faces. Initial rock has been or is being removed to access vein structure for commercial production.
When starting up any mine you first have to dig a hole to access the ore and then control the blasting to minimize dilution , this is typical of all new mines. Worst is now over, it is up and up from here.

[Altin700BC]

Share price not really reflecting your positive outlook. Actually it's tanking. All I see are losses and red on my screen. I'll try and pick up some of your positivity. Happy April!

[powerman]

Agreeda Panda. Most of what was reported was already priced into the the share price. A little consolidation here and things will settle out. Long climb back up to 2 bucks but next quarter looks a better. DF

[Looneytunes]

The poor grades were already known by the directors and insiders hence the continual drip drip oselling of their free shares - the news might already be priced in but it was done by them being able to sell ahead of you and I leaving us mugs in loss and hoping without any foundation for that hope that the BOD can turn it around.

[Consvestor]

Yup.  Obviously there has been selective disclosure here.  Pretty disgraceful activity by senior officers.

[ManicMiner001]

Looneytunes, I couldn't agree more. Insiders have been exercising stock options and then selling their shares over the last 4 months as they've realized the share price got ahead of itself, given the abysmal operaing results that would have been known to Senior Management. Below is a snippet from SEDI. Totally shocking and warrants an OSC investigation if this Company "blows up

[Altin700BC]

Wow! Pure Gold has a really bad smell to it. Looking lIke a nose dive to a dollar is possible. Crashing through support like a hot knife through butter. Not sure at this point its even worth a dollar with this non sense.

[Wineaux]

Hey ManicMiner001,  If you look closely you'll see that two of these trades were done before the first pour last December. The activty in early March was an officer exercising options and in doing so actually INCREASED his share holdings by 378,000 shares. There is no insider dumping going on. 

[goldanalyst]

Exactly if there was anything nefarious going on Sprott would have cut these guys loose in a New York second. This is just growing pains unfortunately. I am giving them until 2022. They maintain that things will get better and I for am willing to extend them some grace: "Realized head grades for the first quarter were lower than anticipated due to ramp-up related issues including unplanned

[PLD1]

Agreed. Just startup hickups. Long term value and growth has not changed or diminished. It will increase with their improved mining proceedures, greater access to higher grades, and continued (almost garanteed) exploration success.  

[Lafajet]

Agree, the projected future hasn't changed, just normal intermittent interuptions. I belive in the honesty of the mngt, besides, this will set an additional pressure/focus to accelerate the process, specially to the 8 Zone we all are waiting for.