WHAT THE CRITICS DON"T UNDERSTANDEveryone is bashing RCT now that this PP is announced. How many of you know that BMO is usually not interested in deals under $50 million? BMO is the top mining finance house IN THE WORLD. Mike Vaton and his team at BMO do not invest in mining projects which are second rate. My understanding of what's happening is that we're going to have a mini-roadshow to the institutions now. The hope is that the institutions will purchase shares in the open market when they see how ridiculously cheap RCT is, and will drive the price to a more reasonable level.. Then the PP would be priced at that level. That is the company strategy here. Rest assured that management is concerned about dilution.
Consider the simple fact that RCT announced the financing, gold was down today and the stock CLOSED UNCHANGED.
One last point. Let me see if I have this right, we have the top mining finance house on Earth supporting RCT, we have Eduardo Luna, former head of GOLDCORP's Mexican operations as our CEO, we have 60+ existing gold and silver veins and we have a $9 million dollar market cap. The aforementioned description sounds closer to the ideal junior mining company than a sell. Do you know what a $9 million market cap is? That's called "getting in on the ground floor". JMHO. Do your own research and please share it on the board.
Best wishes.