RE:Bids increased to 530,000 at .03 Terryow,
Your responding to the market environment as if everybody is watching RCT and there's big money going in and out of this company's shares on a daily basis. That is not the case. This is a puny little gold producer that in almost 6 years can't even accomplish its first throughput increase.
Today RCT traded 0 shares in pink sheets and 167K shares on Canadian exchange, equal to a little over $5,000 spent today on RCT Shares. Big whoop eh? What are you putting so much energy into? TA for this kind of money is not reliable, but hey man, let's report all the bid and asks as if it were a major...? What a joke.
Were talking about a producer that sells less than 10k gold equivalent ounces per year. With the mill expansion and a doubling of throughput it will still be a puny operation at less than 20k gold equivalent ounces sold per year sold. There's not a word from management that they will expand ore processing beyond 400 oz per day, and who'd believe it, or be willing to wait for the event to happen if RCT management were mentioning it? (I suppose only some sucker like the one I was long ago when I was investing in this slug...) The grades may be getting better and that will help, but who's watching this unpublicized micro-minor, and who's expecting the company to spend a cent on advertising to let the public know?
RCT's management is in this thing for themselves. If they ever pop to build the share price it will be because they are ready to cash in their own shares for the fresh money coming into the market as a result of their sudden hype promotion. A poster here several years ago pointed that out and I think that observation is true, as it has been true for many companies with a similar profile to RCT as he also pointed out. I will try to sell my shares along with the insiders when that happens.
Regarding the coming report: "There will be no news that the mill expansion is done, that the induction furnaces are done, that the "under construction" website is completed, or even a measly letter to the shareholders from RCT's President. Talk about being handed a line...! And over and over again the same broken promises... "
"Wake me up when the mill expansion is really online. I may be dead first... I can't believe I own this dog..."