GREY:RDEMF - Post by User
Comment by
GuyInPhoenixon Apr 27, 2016 4:50pm
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Post# 24817149
RE:guyinphoenix
RE:guyinphoenixYou are welcome!
The amazing thing is that even someone who enters into the stock now, will one day appear to be an early bird.
With physical gold still under $1300 and the onset of production still ahead, we are just now out of the starting blocks.
It does, however, appear that Red Eagle is beginning to land on more radar screens and investors are trying to build a position prior to production (and the cash flow that will come with it).
Right now, it is a good exercise to close your eyes, sit quietly, and think about what the likely forward news flow will be and the possible reaction in the market.
We will hear about the drilling plans that result from the recent financing... then drilling results (investors will begin to quantify the expansion of the resource and life of mine -- as well as the resulting cash flows)...
we will learn about the initial efforts at the CB Gold property and the market will be able to show us some value there...
And then the big Kahuna of news -- completion of construction and the onset of production. The transition from exploration/development to production will be monumental. Cash flow is an entirely different ball game.
Cash flow within the larger context of a bull market in gold, will be breath-taking.
Do your homework, stay diversified, take some profits along the way. Plenty of good opportunities out there. I am not a registered investment advisor -- just an individual investor who is long the stock.
But I think we may have witnessed lift off of the starship Red Eagle today.
Good luck, all.