Well
Well there is a lot to chew on here although, respectfully, I think selling all is a poor choice in fact I have added at these lower prices. I have a feeling we will see both sides of an argument playing out on the message boards in the coming weeks before the shareholders meeting. It is in our best interest to remember that when we read any information posted here or other boards.
Given the direction Ruby has taken and the troubles they are facing with the Douglas Lake there must be a bit of tension in the company. Ruby has been delayed recently with a number of their forecasts. Production has questionably started, although anything close to full production is probably a bit away. Rob has apparently either stepped down or been asked to step down into a different position although from his comment about hoping we support him I have a feeling it was not a choice. I just hope if he was moved to a new position it becomes a reason to refocus and not a reason to fight with everyone. RBYC does not exactly have deep pockets and must stay on task to succeed.
We need to wait to make judgments until the shareholders meeting when both sides of the argument play out without the spin that comes here. Our current share price could easily be a result of the pending argument and posturing but I am not going to delve to deeply into that.
Whatever the fact that they are getting good rains down there should help ease water supply worries and I believe Douglas Lake will eventually be solved in RBYC’s favor. As for the Canadian exchange I guess I really don’t care. Most shares are traded in the US and RBYC is fully reporting here.