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Ryan Gold Corp V.RYG



TSXV:RYG - Post by User

Comment by bob4977on Dec 09, 2011 7:27pm
320 Views
Post# 19309140

RE: Frustrating

RE: FrustratingI bought in today @ 56c. They must be sitting on an awful lot of cash. They had the PP in May for $52 million, of which $7.5 million is earmarked for Shawn Ryan to pay for the properties. That still leaves us with over $40 million. At 56c per share, we are not paying much for the expertise of the gold miner of the year for 2010. A few months ago. some people paid 4x as much. There has not really been any bad news, just a change in market sentiment. I have faith in Shawn's ability to find another mother lode, especially when most of my investment is just paying for the cash in the bank. We should have enough cash to explore for quite a few years. I am sure we will find something in that time period.

Bob
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