Red Eagle Mining Corp RDEMF

Metals & Mining Gold

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.

GREY:RDEMF - Post by User

Red Eagle Mining Corp

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Comment by Lookingdeeper01on Jun 15, 2017 5:23pm

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Post# 26368400

RE:RE:RE:How about some news RE?

I think this has nothing to do with gold prices. For other juniors, they are speculating with resources and reserves, and still selling the dream, so lots of upside for them.
In this case, there is no more upside potential. The ounces found are those delineated, the mine is commissioned and running (sort of), so there is no more "blue sky" for investors.
Something major has to be a catalyst for teh stock to go back up, and yes, it could be gold up to $2500 an ounce, but in the meantime, is about cash flow and more ounces on the ground. Without them, that is the reality folks. Hold on it, and hold your breath, too. Everyone knows when to exit.

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