OTCPK:RIDYF - Post by User
Comment by
newcomer21on Aug 28, 2009 10:27am
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Post# 16258097
RE: Horizons
RE: HorizonsGood Question.
RIC had disappointing results in the last quarter and production fell, with softening gold prices,this had the effect of a double whammy and the p/e ratio and sp 4.50 or more could not be supported.
RIC is a plodder. They will make the odd good move, struggle to execute their plan in other areas, have a good quarter or two and then disappoint. Overall, they can't be considered one of Canada's best miners and their share price has languised as a result. The P/R, N/R, I/R, activity is poor, they have a low profile at the corporate level, and their style is small "c" conservative. A wee bit afraid and a wee bit too cautious imho.