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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by arh0070on Apr 14, 2019 11:48am
216 Views
Post# 29624595

Rnx

RnxThe cheerleading squad seems to have disappeared ,leaving a lot of small investors in the lurch .They often talk about shorters ,but published results indicate the number of shorted shares of RNX about 1% of the outstanding shares .So not very much .I personally have NO intention of buying more rnx stock .Its not going to make a profit for years because of the need to spend money on exploration and mining ,the fact that the royalties are taken off the top .I expect continued sale of shares with ever more dilution .Lots of  better places to risk your money in this space ,especially those small miners that dont have a booster club .Casey recommended metalla a few months ago ,which I happen to own its up 60-70% in a pretty poor market .if you look at its bb there are few notes and no booster club .Not much more to say about RNX ,I expect they will publish some more drilling results at the end of the month as they indicated a while back .There are simply too many shares out and too high a royalty for my taste .if others wish to own this stock good luck to them .ARH 
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