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Rochester Resources Ltd V.RCT

Alternate Symbol(s):  RCTFF

Rochester Resources Ltd. is a Canada-based company engaged in the exploration and development of its mineral property interests in Mexico. The Company holds a 100% interest in the Mina Real and San Francisco Properties, which are located in the state of Nayarit, Mexico, east of the state capital city of Tepic. In addition, the Company has an agreement to acquire a 70% interest in the Santa Fe Property. The Mina Real Property consists of 11 mining concessions and one mineral claim encompassing a total area of over 21,367.42 hectares (ha). The contiguous Santa Fe Property consists of one mining concession totaling approximately 3,852.66 ha. The San Francisco Property consists of 12 mining concessions encompassing over 18,125.05 ha. Its subsidiaries include ALB Holdings Ltd., Mina Real Mexico S.A. de C.V. and Compania Minera Santa Fe S.A. de C.V.


TSXV:RCT - Post by User

Bullboard Posts
Post by POG1200on Feb 24, 2014 12:28pm
131 Views
Post# 22243159

Re: I Spoke to one of the Directors

Re: I Spoke to one of the DirectorsEOIM
 
In the past I've spoken with upper level management.  What you report is no news to me.  But it doesn't make sense if there is so much ore to be mined that they would be taking over 6 years to expand the mill from a puny 200 TPD operation to a still puny 400 TDP operation - eh?
 
Why didn't you ask Marc, or whomever it was that you spoke with, about the delay of the mill expansion?  If you can call him back and ask him about it and report that would be great.  Bring up the sore issue of no letter from the CEO to the shareholder's if you want...
 
Also, EL is way past retirement age...  Perhaps a changing of the guard is in the works, and that could also coincide with a re-entry of RCT into the public eye.  Provided the new CEO knew what he was doing, that could be good.  I expect a new CEO for RCT would be handpicked by EL, perhaps being groomed at present.  (Are we now talking old dog?)  
 
Anyway, without any of all this speculation a reality, RCT is a dog!  I'll be happy to tell you the day that it is not a dog, but as it is, it is a dog, (and I may be dead first before anyone has the chance to say otherwise!)




Bullboard Posts