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Red Eagle Mining Corp RDEMF

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

Bullboard Posts
Post by wiseyoungmanon Jun 22, 2017 3:10am
264 Views
Post# 26391003

Q2

Q2Back from overseas. Bottom line is Q2 results are critical. Company needs to produce set targets and perhaps exceed based on superior infill drill results and exceeding the 750 per tonne processing to over 1000 per Mgmt. Cash flow and ability to even do a financing if needed. This is what was expected. Not over reaching. However a bad Q2 that means bad cash flow aND major debt repayments. I honestly agree with snake99 that the financials look bad. I should have paid more attention to them. I gotta a lot of other things going with real estate in Vancouver so me bad. This is still a lot of bucks but I don't sleep on this. Perhaps I should have. I am jot happy. I screwed up a bit. BUT I am still LONG for now although will watch Q2. GLTA.
Bullboard Posts