RE: News - Advisory firm hired for asset sales We're close now. Disgruntled naysayers will get more vocal as we inch up with more and more positive news. Still a ways to go before we see gold in drill cores but after a long and brutal wait, we look to be finally moving that way. With some luck our chart might look like GQCs.
If you have stuck around this whole time and still believe in the potential of RZ (and have money to spend) I'd certainly say averaging down here is a good plan. It's one of the hardest things to do but I did the same thing back in 2008-2009 with both juniors and blue chips and after the storm cleared money was made. Management has been pretty tight lipped lately which to me is an obvious sign that there are deals in the works - likely with NDA's etc. Someone was willing to lend the company $250,000 and must truely believe that they'll still be around a year from now in order to get their $275,000 back (not to mention possible warrants in the money at 15 cents). I'm hoping for a NR or two over the next few weeks to coincide with coming out of the summer doldrums and perhaps (god willing) a turn in the markets. Sell assets, drill for gold and hopefully show some promise. Gold will heat up again and if we can start pulling good core 5 cents will seem like a distant dream. Still lots of risk and things still need to happen for certain - but a 5 bagger from here on asset sales and a planned drill program is not far fetched to me. 10 bagger+ pending an actual gold find in some cores makes us a 40-45 million dollar company with perhaps 20% of that in cash. All IMHO and your mileage may vary. Good luck.
K