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Rye Patch Gold RPMGD

Metals & Mining Gold Industrial Metals & Minerals
Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.


OTCQX:RPMGD - Post by User

Rye Patch Gold
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Comment by pipefit2on Aug 18, 2010 6:07pm
356 Views
Post# 17363098

RE: Level !!

RE: Level !!This is just a guess, so don't quote me, lol.  What I think is going on is that there is obviously a huge amount of overhead resistance.  All stock purchases since April of 2009 are underwater.

It looks like someone has decided to build a large position.  Some of the people that want to unload have decided to take advantage of the increased liquidity to dump their shares without pushing down the price even further.

Of course it could be something completely different, lol. imho, pipe
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities