GREY:RNKLF - Post by User
Comment by
factRbeston Jul 11, 2016 9:43pm
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Post# 25043071
RE:RE:Market was screaming the printing press is being oiled.
RE:RE:Market was screaming the printing press is being oiled.SimplyRunRig - (7/11/2016 5:15:06 PM)
RE:Market was screaming the printing press is being oiled.
Selling shares at a premium with no warrant is about the most acceptable sort of dilution you could ask for. Especially if it ends up being for a great property. And 5 to 198 g/t sounds pretty good.
True for an exploration company but a "transformed" company like RNX the costs should be covered by earnings or there hasn't been much of a transformation.
The market wants confirmation of this "transformation" and they are not getting it by action so the market will wait for quarter numbers and until then the SP wanes.