OTCQX:RPMGD - Post by User
Comment by
pipefit2on Oct 30, 2012 9:15am
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Post# 20538304
RE: Not bad
RE: Not bad I'd say they should complete the GGP and Patty drilling programs, then make a determination as to which projects to advance, which to put on hold, and which to sell. Of course they can investigate various means of settling the Couer dispute in the meantime.
I'm guessing that if they do another pp below .50 it will be the beginning of the end for this outfit. That's why they need to settle with Couer or sell a property.
I'm particularly perplexed about their handling of Wilco. They announced, with much fanfare about two years ago, that they had completed their spending obligations with respect to their 'earn in' requirements. So what is the plan to get Newmont to fish or cut bait? Are they aimlessly plodding along, or do they have a plan? If so, what is it? How did that 'open pit resource table' fit in their plan? They need an overall plan. Otherwise, they are just wasting time and money without moving the share price.