RE:sell the fing nuggets already Hey Pumpierreg, due to your post about the specimens being sold, checked out your rationale. Wow. This type statement is what you're relying on? "I can tell you the number of executives from senior mining companies who are crouching down to have their picture taken with the specimens’ domes is very, very valuable marketing...". Further, that was a month ago.
I simply do not understand the forum's laissez-faire WRT Selby's inability to deliver and dillydallying. This matters to investors (for proof, see the share price). LOL RNX needs to be making money, right now, and needs to be clearly and concretely-documenting this. Instead, RNX management bobbleheads have just bought an expensive new asset that will need to be modified and maintained. RNX needs to focus. Unless and until RNX is generating enough free cash flow to grow the business without issuing new shares in 20% market cap-chunks, RNX needs to grow the business that they have: toll mining Beta Hunt. Selby makes money no matter what happens - you do not. LOL Again, check the share price.
He stated they are pressing hard to liquidate those assets.If it takes over 7 months to sell something that your "pressing hard", either your asking too much or nobody wants it.
They haven’t been trying to sell them for 7 months and they have been using the rocks to market the company as he stated.
The question is how long they needed to slow the production. A brief slow to re-orient makes sense, rather than just blundering on, sure. "Brief" = approximately the amount of time the excess cash from selling the specimens would pay for. But
they're now talking 70K meters, instead of 40K, with NO - none! - official communication as to what the production has been since quarter 4. We don't pay Selby to tell us he is
"pressing hard", we pay him for results. Can't sell them? Lower the price. This isn't rocket science MFs!
LOL
3ontree wrote: do something