GREY:RNKLF - Post by User
Post by
arh0070on Jun 11, 2019 3:05pm
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Post# 29816160
Loan
Loan RNX is a very high risk investment .I am personally surprised that they got a loan at 10% .Presumably the Higginsville plant is the collateral.
There is an extremely sophisticated and extensive pr effort by rnx and its acolytes on these bbs to try and persuade investors that this is a good investment .
18 months ago there were about 300 million shares out ,now with options and all the financings its close to 600 million .Its hard to determine precisely how many .Thats a lot of shares on a one horse pony .
So this investment is very dependent upon finding a lot of easy to mine high grade deposits .Mining at 4-5 grams per ton with all the expenses and royalties will not make a profit sufficient to justify the companies current value .
What a load of rubbish from the brokerage company that this company is worth 600 million plus canadian .
So as I have said before ,if they find 5-10 Father’s Day or equivalent finds it might do well ,if it doesnt ,good luck with a$1.10 share price .