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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Comment by mermooon May 08, 2012 1:35am
181 Views
Post# 19883109

RE: RE: RE: RBYC adds another employee

RE: RE: RE: RBYC adds another employee

I agree it doesn't mean they are not producing.  But why would you sell gold and not tell your investors?  That does not seem like a great investor relations to me.  When you look at their last 10-Q their expenses went up, but there was no additional revenue to offset it.  I realize they are behind on projections for production but announcing more expenses without some sort of news about production does not exactly instill confidence in investors looking into the company.  Timing is important to any company and the release of information to investors can be critical for the success or failure of a small company.

I hope the advisor can help improve output or decrease expenses and get them going so some numbers can be released.  I am getting tired of the backwards slip even though I took the opportunity and added shares.

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