GREY:RNKLF - Post by User
Post by
pierregon May 06, 2019 7:35am
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Post# 29713628
$RNX: Beta Hunt transition stage and hindsight is needed
$RNX: Beta Hunt transition stage and hindsight is needed Good post by @Huntore on CEO.ca May 5th 2019 about Beta Hunt transition stage and hindsight is needed:
«The speculative money is not returning and the retail investors that are still here are now trying to decide when the company will be able to turn a solid profit. If you are here to watch the share price on a minute by minute basis with grandiose expectations of steady gains you will not be satisfied in the short-term for sure. This is apparent by the bears here discussing the share price, management, sentiments and the float among other things; they can see as any seasoned investor can that any company in a transition stage is vulnerable to criticisms and volatility. It reminds me of back in 2016 when Kirkland Lake Gold’s acquisition of Newmarket Gold for an all-in stock deal worth $ 1-billion initially wasn’t popular with some investors. Now with hindsight you can credit the move as well timed which increased their cash flow exponentially and benefitted them with Fosterville mine as well. Sometimes it is just a matter of time for things to work themselves out to add value to a shareholders investment. »