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Royal Nickel Corp. RNKLF

Metals & Mining Industrial Metals & Minerals

GREY:RNKLF - Post by User

Royal Nickel Corp. > Dan Oliver says 'buy the beaten down junior miners who....

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Comment by ProfBaIthazaron Jun 07, 2019 9:04pm

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Post# 29807980

RE:RE:Dan Oliver says 'buy the beaten down junior miners who....

As of the end of Q1, RNX had a debt of C$7M, it held cash of only C$750K. Due to the exploration-related production ramp-down, the cash flow was negative C$5.5 million in Q1. RNC had to use equity financings to partially finance the debt repayment and the extensive exploration program at Beta Hunt.

RookieInv wrote: I wouldn't say RNX has no debt. Listen to Eric Sprott's weekly update from today which I will attach. You can listen from around the 17 minute mark to about the 25 minute mark. He is a big shareholder in RNX but gives his opinion about the debt RNX has. Having said that congrats to the recent find of RNX. I hope you find more.

https://soundcloud.com/sprottmoney/sprott-money-news-weekly-wrap-up-6719