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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 mermooon Feb 08, 2013 12:07pm
207 Views
Post# 20959101

RE: Ruby

RE: Ruby

I think most investors know that you cannot "pump" up the stock for more than a day or two with 200-300 share blocks.

I also don't think anyone here would argue that BOTH companies have not been managed well in the past.  If they had, I think we would have different results. RBYC is grossly late on their reporting and needs to rebuild confidence.

IF what we read is true then RBYC will win their lawsuit and... who knows from there.  Having that lawsuit settled would but a slight boost in confidence for investors.  I don't expect RBYC to get a lot of money as both companies are lacking funds.  Another thought, If RBYC wanted to, I believe they could blame HNDI for their stock drop and seek additional compensation.  As I remember there was even references in HNDI's financials citing their misdeeds.  Could they win?  Yes, but I think most of the HNDI stockholders know that is a long shot.  Shareholders from one company posting angry comments on the other companies board may only strengthen the resolve of seeing this go to court.  If it does go to court the lawyers are the biggest winners.

Good Luck though, Both companies need it no matter what happens with the lawsuit.

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