RE: Best reason to stay on the sidelines...Well, I was a little bit too pessimistic about the number of shares, but 15 cent and full warrant mid twenty was spot on.
I have observed these selve enriching gentlemen long enough to predict this.
RE: Best reason to stay on the sidelines...
...is that this management is burning through close to 10mio CAD every year excluding exploration costs!
Anybody considering a long position in this POS should read the last 3-4 Sedar financial reports.
I am closely watching, but without taking a position anymore. If they hit at RZ, and that is a very big "IF" judged by the results so far, I might jump on board and gladly miss the first 100%. Because from the levels where this ship is sinking to a one hundred percent rise will carry us imho not higher than 30 Cents as 15 Cents is where the stock will be following the imminent major dilution because of the excessive overhead expenses and need to fund deep drilling.
Count on something like 30 to 40 million shares at 0,15 Cent including a full warrant in the mid twenty range.