GREY:RDEMF - Post by User
Comment by
wiseyoungmanon Apr 27, 2016 5:46pm
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Post# 24817371
RE:RE:guyinphoenix
RE:RE:guyinphoenix
Agree with your assessment. I am giddy on this stock. I thought I was a dead duck with 250000 shares in CB Gold and along comes RD and Ross Beaty to the rescue. I added a wack of shares when the 1:6 offer was made by RD for CB Gold at about $0.05 to $0.06. The merger resulted in me owning about 90,000 shares of RD at the trading price of about $0.27. I since have added to my position in RD all the way up to $0.57 and now have about 130.000 shares where I will stay.
CB Gold is trading at $0.15 since RD will do drilling on that property. That helps the value in RD since we own about 70% of the shares. Also the cash flow numbers for RD will look terrific and much better than the Feasibility Study since the Colombian Peso has deflated so much in value compared to the US dollar. Also there is additional drilling which will expand the life of mine. Finally what is most important is that RD is one of the only companies in Colombia with a social license to mine. That value is almost as much as the gold resource. The stock has risen in value the past few months on heavy volume which clearly means smart money investors are well aware of this story. Good luck to those in RD and those who were here way before me.
autonnadongd aa