GREY:RNKLF - Post by User
Post by
goldhunter11on May 03, 2019 11:13am
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Post# 29706625
Sprott, weekly wrap-up 3 May 2019
Sprott, weekly wrap-up 3 May 2019Just in case this has not been posted, link below
https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-5319
I only had a cursory listen, so the observation may not be accurate, but Eric did not appear to say anything about RNX. He mentioned Apple and Kirkland Lake and the discovery of the high-grade zone at Macassa which he only heard about this from reading the news yesterday, like any mortal.
Not sure what this means with respect to his involvement with KL. May be he is hinting, from last week wrap-up, that he has been hand-off with his Chairmanship role at KL since his announcement of retirement from this positon (to avoid the perception of conflict of interest, if KL decides to bid on WM). He will be officially replaced at the AGM on 7 May by Parr who has been appointed by the BoD as Interim Chairman. The WM Special Meeting with respected to the $7M PP will be on 8 May 2019.
He also lamented about public/market perception of the good results. It took 2 years for people to realize that KL had some good thing going when it hit high-grade stuff in Fosterville...May be I am reading to much into this, but the excellent results RNX just released yesterday should deserve some kind of mention...why the radio silence?
So, he wants to know the future a few years ahead of time, but if the market does not realize the good things (e.g. for RNX) while they are dangling in front of them, then that would be fine. The more cheap shares the better for the chosen few who can see the future better than others. However, there is quite a bit of luck involved in this exercise, it's not 100% guaranteed, lol.
GH11
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