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Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by Highwired7on May 03, 2019 7:47pm
401 Views
Post# 29709602

Current Share Price Explained...

Current Share Price Explained...
Best explanation that I have found explaining recent price action, must read, from @momoney@CEO.CA:
 
Feel frustrated with the current share price, ya me to, BUT, my gut feeling is this; back in September when the hype of the FDV gold boulders took place, Retail (you and I) jumped on Beta Hunt with a vengeance the very next day/week. We bought such a high percentage of RNC that the Market Makers were left behind initially.               
 
This is not your typical situation. Usually the Retailer's are a spit in the bucket, but in this case we are not. Now what's happening is the likes of Haywood and other funds (Market Makers) are driving this to rock bottom trying to scare the weak to sell their shares, meanwhile accumulating all those weak shares on the cheap. Checkout the accumulation that has taken place since September.      
 
Eventually at some point everything will balance out and gold output production numbers will entice bigger players to clean up the majority of loose shares.  Patience is key, if you own shares in RNC, you own shares in one of the greatest deposits of gold ever found. Sit back and don't sell, things will work out. IMHO
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