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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Post by mermooon Feb 01, 2012 12:48pm
116 Views
Post# 19474619

My take on the PR

My take on the PR

There seems to be some issue that we are not aware of or at least the extent of it.  First my question is why do we need a co-CEO with the additional costs this brings? Also the following quote makes me wonder a bit.

""I have always had a vision about what a mining company in a developing nation should look like. This Meeting will allow you the Stockholders to choose how Ruby Creek will be lead going forward. I am very appreciative of the opportunity to lead Ruby Creek to this point and I thank you all for the support you have given our Company, Ruby Creek. I hope that you will continue to give me the opportunity to do so.""

Why wouldn't we give him support?  What is going on exactly?  These question cannot be only mine or we wouldn't have seen the impact that came dropping us down so far.  That being said I picked up 2k more shares.  I would have thought that with gold production starting the price would have gone up not down.  Nice volume but ask seems odd for a company that is now actively mining.  They need to get more details out to calm fears I think.  I wonder how many people are just finding out about the cease trading in Canada?

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