Wow!ND spends almost $3,000, so let's bet the farm...
He could have as easily purchased an ad to convince you his product is good - but that might have cost more, and buying insider shares seems so legit… Continuing the game might be his motive, not profit from his investment.
Well everyone, this poster is another one who must have a good answer as to why there's been no mill expansion in 5 1/2 years. I guess she believes all of the excuses. At least, she is behaving that way.
RCT provides no discussion on why the mill has not been expanded, and there is no IR department to get answers. Just one or two lines in each report that acknowledge the mill expansion activity, offering excuses as to why it hasn't happened yet.
The ones who want their bids filled behave like things are on the up an up, but there is good reason to exercise caution. In an honest environment RCT is a hold at best.
Clearly, at this point, I question RCT's purpose. The recent debt that has been taken on points this operation towards BK. There needs to be some mining plan adjustments announced in the coming September report, ones that are already implemented, but I don't expect to read as much come Sept.
IMO, no capital to expand the mill is a wimpy excuse, put out there for devious reasons. Expanding the mill means more production, lower costs, and increased revenue. It should be tops on the list of priorities to accomplish. Revenue from current mining should go towards the mill expansion and the means to maximize a newly-increased throughput capicity. There's no good reason for taking on debt other than to collapse the company. If you need more capital expand the mill and the means to run it at capacity.
The ones who want their bids filled behave as if the company is on the brink of some big breakthrough. My thinking is that we've got pumpers and dumpers at work here - not investors.
I'd love to be wrong, but RCT is looking a lot like a tax write-off for a few that are going to need it, with no concern for the small guy.
( I will not be posting so much here in the future, but have an interesting post planned for here somewhere down the road.)