factRbest, don't mean to slight you,
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No slighting.
We have a new poster and introduces him or herself with the line, 'like to have a dsicussion'.
I stated my concerns all of which are valid.
This person immediately nit picked everyone of my posts but not the content by me.
I have seen this too many times. It is the typical trader who wants the share price pumped a few pennies so they can sell.
At no time did this poster demonstrate any want or will to 'DISCUSS'.
Feburary something happens
Along with that something RNX arranged for what can be considered a short term emergency loan. They have cut back on management compensation.
By their own words their costs are increasing and production decreasing.
As well the short action on this stock has picked up as it does every time there is volume.
I originally posted what could be behind the spike in share price.
That is the spin out of the quebec gold property.
That was met with basically a claim that this is a power house of a gold company.
RNX can continue to tell us they are fixing while continually going backward.
Look at their presentation when they bought Beta.
Look at their claim for nickel and gold.
I have been questioning why they aren't mining the nickel as well.
Unless their costs for nickel were wrong as well. Remember
They had 120 million shares and the Dumont property that was costing next to nothing.
Now they have 300 million shares and are bleeding money.
they gave away over 1/2 of Dumont for the then shareholders and replaced it with less than 1/2 of Beta and Reed.
They turned a financially sound company in to one that is scraping to find new sources of cash.
the lastest a loan.
This says it all.
What RNX said they bought us and what we got.
https://www.stockhouse.com/companies/bullboard/t.rnx/royal-nickel-corporation?postid=25799182 OH and any pumpers. You have completely missed the HAND OF FAITH.
Look it up. RNX pumped it when they bought Beta and now it is slowly turning into the HAND OF FATE.
Here you go. 1000g/ton - Now that is a pump
https://www.rncminerals.com/2016-04-04-Royal-Nickel-Corporation-Beta-Hunt-Hand-of-Faith-Zone-Delivers-High-Grade-Gold-Mining-Commences-in-Area-with-Drill-Intercept-of-1000-g-t-gold And when they shook hands with the hand of faith
This is what they got.
https://www.rncminerals.com/2016-04-21-Beta-Hunt-Mine-Completes-First-Processing-of-Coarse-Visible-Gold-Ore-from-the-HOF-Zone-and-Achieves-Key-Production-Milestone-with-Commencement-of-Open-Stope-Mining TORONTO,
April 21, 2016 /CNW/ - Royal Nickel Corporation ("RNC") (TSX: RNX) announces that its 66% owned Beta Hunt Mine has processed 150.6 kg sample of the visible, coarse gold ore mined from the "Hand of Faith" (HOF) area at a grade of 1.16% gold (11,626 g/t Au or 374oz/t)
resulting in the recovery of 56.3 oz of gold. The HOF area is associated with an intersection in historical drill hole BE20-44 grading 455.9 g/t Au (14.7 oz/t) over 0.8 m including 1,000 g/t Au (32.2 oz/t) over 0.3 m.
Dumont
If the pumpers age going to pump Dumont pump it right.
Dumont is fully permitted and FS is in place.
It is shovel ready waiting for the price of nickel to recover.
SO PUMP IT PROPERLY
Leave this part out it is anti pump.
They will need a billion+ dollar to develop so the more shares they print now for Beta the less we get when Dumont is ready and they really start printing paper.
Any 'INVESTOR' will agree.
I hope the share price stays here with Beta breaking even until Dumont gets developed.
I bought into this for Dumont and Nickel.
All the guys running this are hard rock base sulfide metal miners.
They are not gold miners.
If someone posts that Falconbride and Inco mined PMs don't waste your time it will be just another nit pick.