Red Eagle Mining Corp RDEMF

Metals & Mining Gold

Red Eagle Mining Corp is a Canada-based development-stage company. It is engaged in the exploration and development of mineral properties. Geographically it operates in the countries of Canada and Colombia. It focuses on building shareholder value through discovering and developing gold projects with low costs and low technical risks in Colombia. The company primarily explores for Gold and owns interests in the Santa Rosa Gold Project located in Antioquia, Colombia covering an area of approximately 10,000 hectares.

GREY:RDEMF - Post by User

Red Eagle Mining Corp

Bullboard Posts

Comment by WileyCyteon Jun 15, 2017 4:41pm

185 Views

Post# 26368224

RE:RE:How about some news RE?

Yup wiseyoungman I hear you. And I didn't forget about the previous guidance given for 30-40k oz's for 2017. My beef is that the stock was at 76 cents Apr 24, when gold was $1265. Yesterday gold was $1264 yet during that same period RE is down well over 30%. So some news from the company seems in order, as the numbers simply don't add up. I think most here would agree that gold juniors tend to go up and down with gold itself. RE is not following that pattern, however, because speculation and negative sentiment are just flat out harming the brand. So it's time for the company to address the 50 cent share price. I am long here - but I didn't see this steep decline coming and there must be reasons for it.

Bullboard Posts

Investing with insurance and protection