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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 May 23, 2010 1:47am
510 Views
Post# 17125042

"Vacuum..."

"Vacuum..."
Baystock1,

I found TJ's source. It’s from January of this year. He presents it as if it’s current. Some of his information is from somewhere else other than the President's letter... Notice he doesn't even try to defend his bullishness for this company. What a chump!

Here's the link: https://www.marketwire.com/press-release/Rochester-Resources-Ltd-Presidents-Letter-to-Shareholders-TSX-VENTURE-RCT-1105299.htm

After the recent report, the SP continues to swoon... Here's what I think they should do to restore a favorable market for their shares: focus on production and stop the expense of drilling; those holes are so expensive! Stop the drilling, minimize the development, and increase the throughput with known decent grades. Fire FCCC and get someone who can get the company's name in front of the general public. If they wanted to regain some market support I think they should advertise that their days of dilution and increasing debt are over, that they will be spending only what they can afford from profit generated from production, and then really do just that.

What’s so hard about doing all of that?

RCT is a very frustrating hold right now, and I'm dreading the news they are going to borrow more.

The best companies accumulate bullion reserves - I'm not aware that they have any!

What investors want to hear is that their gold producing company is accumulating bullion reserves, is paying a dividend, is not borrowing or diluting, and is not digging more holes they don't need while they have a production increase to achieve. Come on!
Bullboard Posts