GREY:RNKLF - Post by User
Post by
factRbeston Jan 18, 2018 5:34pm
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Post# 27388920
You have to love the pumpers
You have to love the pumpersFrom another board
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@BullPitTrader You two anons don't understand speculation. Maybe you should be on the Teck channel or investing in CND banks.The price dropped 75 per cent in the last 18 months because of those balance sheet issues. The NR yesterday and accompanying company presentation made it clear it is the Dumont nickel project that is driving the SP now.The Beta Hunt mine has been challenging but the company seems to have turned the corner there. The Reed Mine just commenced production and there are hiccups to be expected. Reed is in northern MB, outstanding jurisdiction and the mine will be profitable (Royal owns 30% per cent purchased when it acquired VMS Ventures). With the financial backers they have (Eric Sprott owns eight per cent of the shares and Waterton owns 50 per cent of Dumont) $RNX has large and influential backers. The big money that has been coming into this stock is well aware of the very manageable balance sheet and cash flow issues. 2
@anonymous To be clear Reed mine is in it's last scheduled year of production. It's a shame they haven't extended it yet because it's always generated good cash. 0
@BullPitTrader It's a good sign the bashers are showing up. Obvious attempt here to paint a negative picture so they have less competition to scoop up shares. ===========================================================
A simple check of the last Q report would have shown that anonymous was/is correct but instead the replied post was to call this poster a basher.