royalties There is a lot of uninformed posting about the value of royalties .Months ago I posted an estimate of what RNX/KRR would have to pay to reduce the royalties and was ignored or not believed .My estimate has turned out to be close to what they have paid .Royalties trade for at least 20 times earnings ,so I think this is a fair deal .Most of it has been paid with KRR shares .Yesterday MMX went up a little more in percentage terms than KRR .I have no doubt this will be a win/win for both sides of the transaction.Having been a great sceptic of RNX for 18 months I now believe with this transaction that they are a decent investment .I am very much a contrarian ,this is a profitable gold mining company and over the last 18 months has made the extremely difficult transition from a spec into a profitable company ,this has been at the cost of major dilution .This can be fixed with profits from mining which they can now focus on .Australia is a good place to mine ,very safe politically .A couple of father's day finds or similar will double the price of the shares ina heartbeat .Yoou make money buying when everyone is selling nd selling when everyone is buying ,sentiment indicator on these bbs is important ,when everyone is bullish you sell and when everyone is negative you buy ,I bought KRR yesterday .Expect to make money .ARH