OTCQX:RPMGD - Post by User
Comment by
Fullplateon Jun 13, 2017 1:14pm
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Post# 26357248
RE:RE:RE:RE:market cap less than 100milj cad
RE:RE:RE:RE:market cap less than 100milj cadThe bought deal killed the little momentum there was and demoralized many of the loyal shareholders. Like many of us, I assume they needed the extra capital but am disappointed it was necessary. The only way my disappointment will be overcome is if it can be demonstrated that the funds result in the 6000 ounce per month production goal being met this fall and production continuing to ramp up to 8000 ounces per month in 2018. And this needs to be done with cash flow, not repeated dilutions.
This is not a high capital cost technology. The company needs to be run with the sole objective of maximizing shareholder value, not just quickly growing the business. As I have repeated many times on this board, we will know the score after a couple more months of production numbers.