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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 Jul 24, 2013 11:12am
338 Views
Post# 21627215

RE:RE:RE:RE:RE:RE:no news

RE:RE:RE:RE:RE:RE:no newscatcher--I agree that it is better to do nothing than to foolishly fritter away settlement money.  But doesn't that sound like damning someone with faint praise?

As far as the 'befuddled' comment, you have to keep in mind that one of main goals for the 2nd half of this year is the release the GGP results.  They completed the drilling last Fall.  Don't get me wrong.  I'm in no big hurry to see more horrible results from GGP.  I just don't see what they hope to gain by delaying this for so long.  If they needed to raise funds with a pp, obviously they wouldn't be in a hurry to publish bad news.

Are they hoping that eventually everyone will forget about them and they can just 'accidently' 'lose' them?  I know, they can say 'the dog ate my GGP results', lol.

They don't seem to have clear, concise plan for Wilco, or any other property, for that matter.  Wilco, in particular, cries out for some type of plan of action.  They met their 'earn in' spending committment at Wilco several years ago.  Then, in addition to that, they released an open pit configuration for about 2/3 of the contained ounces.  

So, what's the plan for the property?  Just let it sit there?  That might be a good plan, actually.  So tell us shareholders what the plan is.  Maybe they need $1800 gold to proceed.  So just tell us.


Bullboard Posts