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Ryan Gold Corp V.RYG



TSXV:RYG - Post by User

Comment by bob4977on May 16, 2012 11:10am
288 Views
Post# 19915341

RE: RE: RE: RE: RE: RE: RE: Cash

RE: RE: RE: RE: RE: RE: RE: Cash

In Ryan's defense, if he sold the properties he probably did not think there was much worth exploring for on them. So far, what I see is that he got a huge private placement at $2 per share approximately which has now crashed to 34c. He still has a lot of that money left so we have lots of time to find something. The first results last year were extremely mediocre. I will concede that point. But those holes are from too small a sample size to be writing him off just yet. Investing in early exploration stage miners is a bit of a gamble. But, at these prices, with Shawn Ryan, its at least a good calculated risk to me. Unfortunately I got in at 53c and am hesitant to double down because there are so many cheap stocks out there.

Bob

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