GREY:RNKLF - Post by User
Post by
arh0070on Jul 09, 2019 11:22am
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Post# 29899202
Rnx
RnxAmazing how the booster club postings suddenly get turned off like a spigot .
There appears to be only one poster right now .I guess RNX doesnt need to sell any stock into the market or raise more cash with paper at this moment, my guess is they will need more money in the fall and to issue more paper ,though exercise of the 40 million or so in the money options and warrants might be enough .Time will tell and will be determined by how much it costs to get the mine up and running as well as Higginsville.
RNX has returned to its trader stock status that it had over the winter ,a pop up and then slow decline .
Quite a lot of activity on the insider trading reports .
Often times the summer is a slow time for mining stocks .Many of the small miners remain in a severe bear market .Gold seems to be holding its gains ,hopefully in preparation for another leg up.
Its probably going to be afew months before RNX will have any more significant news in terms of its ability to mine at a profit (or not).There may be some more news from additional drilling which might provide a pop up especially if they have better grades at deeper levels .