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Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.


GREY:RBYC - Post by User

Comment by Sound1on Jan 30, 2013 3:42pm
148 Views
Post# 20913682

RE: RE: RE: RE: Hello

RE: RE: RE: RE: HelloLook, I clearly don't know if that move was a short cover. When one shorts a name, it's not always the expectation that the stock is going to zero. May have simply locked in a gain for the sake of a few pennies. I've been long for a long time and no sense punting now. Nor have we seen any of the main holders sell a share--as per regulatory filings. They always say never short a dull market. Same goes for a "dull" stock. The information vacuum may have spooked a shorty into covering. These guys need to say something. Truly disappointing but it comes with investing in these microcap names.
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