Royal Nickel Corp. RNKLF

History of the beta hunt .

[arh0070]

After a little digging I discovered that Maverix acquired the beta hunt royalties from goldfields in Dec 2016 .The beta hunt was bought by goldfields in 2001 ,sometime later it must have been acquired by Salt lake mining (SLM)from goldfields ,SLM paid 10 million au for the beta hunt in 2013 ,presumably in a purchase from goldfields .Feb 2016 RNX bought 67% of the beta hunt from SLM for 3.25 million canadian in cash and 32.5 million shares (then trading around 25 cents)for a total cost of around 11-12million for 2/3 of the mine .
for one poster to suggest that number of shares outstanding doesnt matter is patent nonesense .Eventually a threshold is reached when you cant sell or exchange anymore paper.A recent example is artemis resources which had its own booster club and cheerleaders which included its ceo(now gone) using an alias to post on hot copper and stockhouse .Artermis has a large number of shares out 400-500 million like RNX ,it went up to 40 cents on the novo/pilbara /witwaterstarnd excitement (now in the dumps) ,issues tons of paper ,didnt execute and is now trading at around 5 cents and running out of cash .When you buy an asset for cash you often get a good deal ,if you buy an asset (like the recent transactions) for paper (ie shares ,)you often pay a premium RNX has done this a lot in the last two years with a blizzard of paper .They were almost bust when they were bailed out by the Father’s Day. Vein,they would in fact need to discover 20-30 Father’s Day veins to justify its current valuation .Doing conventional underground mining with regular grades wont fly because  the royalties  will suck up all the profit .