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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 Sound1on Jun 06, 2012 3:42pm
139 Views
Post# 19986511

RE: RE: stock sales

RE: RE: stock sales

Thanks Yukon.  Fully agree that it's not the top 3 holders selling (I hope).  As you mention, the volume over past few days / weeks doesn't really lend support to that argument. More of a question of what would happen to stock if one of those guys did have to punt a million shares (as an example) for whatever reason----diversification, etc. Their cost basis must be relatively low from what I recall.  A block seller of this name would take the stock to pennies immediately---lack of real buyers as you mentioned. My fear is that the longer we go without any news, the bigger the sell side will build and any upticks will be met with real supply. Not being a bear by any stretch but fear and psychology can quickly outweigh the prospect of success in Tanzania.

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