RE: RCT.V increases production and revenue again Oh please!
- That company has NO WEBSITE!
- Company has a NEGATIVE Working Capital balance of nearly $2MM. A condition that existed a year ago and has not been corrected.
- Company's receivables has been climbing year to year, last 3 years. They aren't collecting the money.
- It is a tinker toy sized mine - 7,093 ounces Au EQ produced in FY12, on track for AuEQ of 8,694 at half year rates.
- Operational costs were $1003 per ounce. Gold sold at 1554
- Questions that the mine can be profitable in the long term: >>>>To fully vest its direct 70% interest in Compania Minera, Mina Real has agreed to implement a program of exploration to determine if the Santa Fe Property can be economically exploited.<<<
- Recovery of Ag, their main product, is only 55.6% on the year. Additional treatment (read more COSTS) to remove Mn is required for the ore.
- From the FS >>>>In the immediate term, the Company’s ability to continue as a going concern is dependent upon its ability to continue to generate positive operating cash flow and to raise additional capital to fund its ongoing business operations and exploration projects and exercise its option agreement on the San Francisco property.<<<
There is a reason why the company's stock value is less that ten-cents... Looks like a purely speculation play- $100 on Red on the Roulette Wheel.
Why is it worthy of being mentioned with the likes of a Clive Johnson juggernaut?