DUMONT (NICKEL/COBALT) HERE IT ISNOVEMBER 23, 2016
https://www.stockhouse.com/companies/bullboard/t.rnx/royal-nickel-corporation?postid=25501708 RE:RE:you tell me
SEC11 - (11/23/2016 10:11:38 AM) RE:you tell me ==============================================================
Yes producing at a loss when there is a nickel mine right there that is at almost 100% profit with today's nickel prices
F gold
They are not making the grades they expected
They are not making the tonnage they expected
Every quarter they tell us they got it now and they don't
The nickel mine is proven and profitable.
Instead of going after the gold and then the nickel once at full production which they are using equity and debt to sustain they should mine nickel and use the profits to develop gold.
With that back away from gold if the price is low.
The previous owners had it correct.
This unexpected low tonnage and low grade in the gold is historic. RNX told us they figured it out. Well they didn't.
This company is Dumont in the long run and if they keep on with stupid they will lose dumont.
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A few months later that is what exactly happened.
When I say idiots are running this company. It is based on some very hard and long drawn out evidence.
Remember
The eventually deemed Beta a non core asset and started talking Dumont again.
Then they gave away another a further 22% for 12 million.
To stave off Beta Hunt induced BANKRUPTCY
You want to question anyone's motives? Well go ahead!!!!!!!!!!!!!!!!!!!