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RED EAGLE EXPLORATION LIMITED V.XR

"Red Eagle Exploration Ltd is engaged in the exploration, development and permitting of mineral properties. It owns the California Gold, Vetas Gold and Santa Ana Silver projects."


TSXV:XR - Post by User

Comment by mbrazzoon Apr 22, 2014 6:18pm
282 Views
Post# 22478951

RE:Finance

RE:FinanceDD, I believe you have more inside info than most of us here. At this point I believe 99% of retail investors will feel happy to know if CBJ will make it thru 2014, so your no dilution wishful thought will most likely not happen. You, me and all the others (including Ross Beaty) that bought this company at $0.70+ levels feel the same pain of being misled by one lucky intersection. We all made the same mistake. And now comes a savvy investor that probably had some inside info + the patience to wait to buy at the right price, so you can not blame FC or anyone else, it was just you and me that bought at the wrong price. Having said this, the good thing with this new investor is that probably they will keep pumping money at current ridiculous low prices so CBJ stays afloat. The bad thing is that it will come with a massive dilution so they will end up eating 50%+ of the company. We are so far from production that we will need at least $10-$15m just to make it to the point in which a streaming company can fund us, so I would expect CBJ to get to 300m+ shares by end of next year, which means, u and I are deeper into red and we will never see this one in blue in our portfolio. So, a realistic scenario for me is probably that by 2018 we will have a mine producing 40k-50k oz per year, with 300m+ shares outstanding and a streaming company that is getting gold at around $500. Oh and FC still making $300k per year plus healthy stock options to keep him on board. Cheers, Mike
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