Rye Patch Gold RPMGD

RE:A bit of a mystery

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The primary answer to why the share price is half of what it was a year ago when prelinary mining activity was just beginning, is the number of times management overpromissed and underdelivered. Also a major contibutor is the general market decline in the junior pm sector. 

Today's and positive announcement of October figures will help offset the expected negative 3rd quarter financials that will be reported in a couple of weeks. By announcing the current cash level, this will reduce speculation on how low cash could go before it begins to increase. Looks like the analyst report today says Q2 2018 cash will bottom around $5 million. 

I've gotten so used to looking for the turd in the punch bowl with these announcements. Not finding the turd today is a very welcome and pleasant surprise. That doesn't mean that we shouldn't keep looking, but it's certainly about time that we quit finding them.   I would expect that about 4 weeks from now we will see November numbers also. If we don't, there's another turd out there.