Royal Nickel Corp. RNKLF

Sour puss

[arh0070]

First it is hard to be optimistic about many small gold miners right now ,they are almost all performing poorly and are in a bear market and Rnx is no exception .Royalty gold and silver stocks are doing fairly well and up /to stable in price such as Metalla ,Maverix ,abitibi and franco nevada .Kirkland lake is doing really well (I own that also) .
Second I dont listen to paid boosters ,of which there have been and are some on this bb .
Anyone with any knowlege of charts who look at the rnx chart (and I am no expert) will see that the price has broken down and apart from very short and minimal up pops it has been relentlessly down.
The cheerleaders often dont adress the issues with rnx which are pretty obvious and have been highlighted previously .Just calling someone a basher doesnt alter the facts about number of shares ,constant need for financing ,endless dilution as far as the eye can see and the highest royalty on a ny gold stock that I have ever seen .
RNX was close to bust when it discovered the Father’s Day vein ,irrational exuberance set in and has gradually dissipated as reality and declining share price has set in .the vast majority of people who participate and read comments on this board will have lost money .
its interesting to review the profile of Pierre ,he suddenly appeared in march ,has never posted on anything else and has spent countless hours attemtping to boost the RNX share price prior to the next share offering .
Its hard to imagine anyone lending RNX money to buy the plant ,if someone did it would be on extremely unfavorable terms (ie high interest rate ,the plant and mine as collateral .
rnx was essentially bust 9 months ago and the mine was for sale probably for 20 million or less ,it was bailed out by one discovery .In fact the only entity to make a profit out of this is the royalty holder Maverix and I sold that when it announced a reverse split .
So time will tell who is correct ;the paid cheerleaders or the skeptics ????