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Red Pine Exploration Inc V.RPX

Alternate Symbol(s):  RDEXF

Red Pine Exploration Inc. is a Canadian gold exploration company. The Company is in the exploration stage and has not commenced any commercial operations. The Company’s flagship asset is the Wawa Gold Project. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario. The Wawa Gold Project covers over 7,021 hectares (ha), including 309 claims covering 4,788 ha; 17 leases covering 790 ha; and 105 patents covering 1,443 ha. The Wawa Gold Project hosts several former smaller scale mining operations with a combined historic production of approximately 419,560 tons with a recovered 120,093 oz of gold at an average head grade of 9.04g/t1 Au, is located approximately two kilometers east of the Town of Wawa in northern Ontario. The Company holds claims on various other properties, which include Cayenne Property, Fern Elizabeth Property, and Rand Garrison Property. Cayenne Property is a 133-ha property. The Company also holds NSR royalties on various properties.


TSXV:RPX - Post by User

Bullboard Posts
Comment by Doingmybeston May 14, 2014 4:18pm
255 Views
Post# 22562217

RE:News Release

RE:News ReleaseHi NeoAurum, 

Your post says you've only been here since the new year, and your price is $0.08. I am not currently a shareholder, but was in the past on a couple of occasions. In my experience, RPX goes silent quite often. We can never know their strategy, but I'd agree with your guess that their goal was to finance as much as possible while the stock was hot. The last time we had excitement was 2010, and 2012/2013 was a constant drag averaging around 1 cent. 

I've always viewed RPX as a trading stock, you buy in and wait, hoping for movement. I've gotten some right (I sold on the way up) and some wrong (bought in as you did, but sold at 4.5 for a loss). 

As this stock started in the 0.01 range, I expect you'll see it there again. I will likely pick some up and wait for the next run. They were able to add 60 million shares to the float between 5 and 10 cents, pretty good for a stock sitting at 2 cents currently. I don't suspect it will go under anytime soon, but am not expecting a high rise either. 

Good luck.
Bullboard Posts