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Rye Patch Gold RPMGD

Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.


OTCQX:RPMGD - Post by User

Bullboard Posts
Comment by pipefit2on Nov 09, 2012 10:06am
255 Views
Post# 20581091

RE: RE: RE: 40 million ounces

RE: RE: RE: 40 million ounces

"....selling a single property would trigger significant tax expenses and would not maximize shareholder value."

 

I have several issues with that statement.  First of all, the LH claims and 20% of Rochester APPEAR to be ours, but that is not a certainty.  If it was a certainty, the share price would be much higher.  Secondly, there are many ways to structure a deal to minimize tax expenses, such as deferred payments.

Maybe they will hit some nice yellow rocks with one or both of the ongoing drill programs, and the share price will lurch higher.  Then, we can do a pp to tide us over to trial at a much higher level.  If that is the case, we can wait out Couer and their stalling tactics'.

But what if we don't?  Right now, Couer apears to vulnerable, with their earnings miss.  This seems like a great time to press them for a settlement.

Bullboard Posts