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Rye Patch Gold RPMGD

Rye Patch Gold Corp is a Nevada based, Tier 1 mining company engaged in the mining and development of quality resource-based gold and silver mines and projects. The firm operates in one segment, which is the Exploration and Development of Mineral Properties. The firm operates through two geographical areas, Canada and the state of Nevada in the United States of America. The company's primary source of revenue is from the sale of gold dore.


OTCQX:RPMGD - Post by User

Comment by Fullplateon Jun 29, 2017 12:47am
149 Views
Post# 26417602

RE:Market know something I don't?

RE:Market know something I don't? I have to strongly disagree with your comment about a "death spiral" if June numbers are disappointing. While I expect to see decent numbers for June, it would take repeated monthly production failures to cause the company to fail. As far as the market is concerned, I don't give it too much credit. Is Tesla really worth more than General Motors, or are the FAANG group of stocks collectively worth more than the GDP's of all but a few countries (Canada included)?  

I I think that all of us shareholders are frustrated by eroding share prices, especially as production is ramping up. As mentioned several times on this board, this late June new stock dilution killed the share price. There just aren't sufficient individual investors savvy enough to recognize the value staring them in the face. Few investors have the skill or time to pick individual stocks, and their money will never end up in companies like a Rye Patch. The institutions where their money is invested are too focused on chasing quarterly numbers, and the few institutions investing in this space are probably waiting to see some consistent production numbers. It will take a few good months, and then I think we will see the price move higher quite rapidly. 
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