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Red Eagle Mining Corp RDEMF

Metals & Mining Industrial Metals & Minerals
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
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Comment by wiseyoungmanon Jul 04, 2017 7:40pm
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Post# 26433396

RE:Risky Business

RE:Risky BusinessGreat post Knotty Oyster. Very educational. This entire ordeal was a learning experience. Glad I am out but will continue to follow. I would bet this operation has more issues in the future. Certainly the cost profile will not be what was in the FS. And based on this being small mine getting significan't cash flows to cover debt and working capital will be very very difficult. If anything goes wrong again they are out of money again. GLTA
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities