RE: RE: Company is out of money POG1200 POG1200, this is in response to a post you made to me 2 years back regarding my statement that RCT was close to running out of money. With the benefit of 20/20 hindsight it appears you were correct and I was mistaken. What is even more impressive than not running out of money is that there has been no dilution in 3 years. This is a very rare for a tiny tsx company and shows that this company is being prudently managed for the current very lean times for raising financings.
I bought back my position this week and will add more at these levels. In my view rather than viewing RCT as a small producer it might make sense to view them as a self funding exploration and development company. They are laying the foundation for a big mill expansion a year or two or three down the road that will be financed on very favorable terms for shareholders who get in at these penny prices, when the gold/silver PM equity markets are back in vogue. In the mean time while I wait for the coming explosion in PM shares I feel comfortable in holding my position knowing that the company will not be destroying shareholder value like most junior development companies out there which are highly leveraged to PM prices.