Red Eagle Mining Corp RDEMF

RE:RE:RE:RE:Upcoming Events

[wiseyoungman]

Let's give management some credit. This stock price increased from $0.25 in late 2015 to holding steady at an average of $0.80. The Company also raised $20M which yielded a lot of new shares which had to be absorbed into the price. The mine is now in commercial production and management also secured a lot of promising projects through its majority owned subsidiary. 

I agree with IKE, that I am expecting some good news this month. I think I called the commercial production right if you read my prior to two postings. The good news which will move the stock price higher significantly is drill results on the San Ramon extension followed by satellite targets. In fact, the extension is perhaps more important in the short term since that will add a lot of ounces and extend the mine life. The satellite targets would need to be permitted first. 

Also keep in mind that adding indicated and inferred ounces on the extension can be incorporated into a revised mine plan. Most mining companies would take a discount on the inferred but they are rountinely added to increase ounces in a mine plan. 

Excluding the above, the stock will only tick up higher based on the level of production the Company achieves in Q2 now that it is in commercial production. I would expect the guidance to be on the low side. 

GLTA