GREY:RNKLF - Post by User
Comment by
wombat4goldon Jan 20, 2018 1:17pm
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Post# 27401084
RE:what is it worth
RE:what is it worthSorry, but you could assume that over half of the shares inclusive all warrants are unsaleable positions (to big for "spot"market or in hands that are not interested in selling). So who cares about fuc k deluted numbers. no one seems interested in the EPS at the moment.
also the dumont project is part of a completly seperate(independent) company with 35 million CAD in cash. They could not directly delute RNC shares in exchange for capital flowing into the seperate waterton joint venture even if they would like to do so. and delution doesnt make sense anyway for a big capex like this one. the may give most part of the interest in the mine to the new investors in some form (or just keep a "small" stream in the end woul be total RNC tipical) concerning these stuff the RNC is actually inventive.
why arent all people here just read the presentation first before they talk so much talk without much walk. sorry for my englisch... not first language.
I hope people get totally drunk and braindead comparing it to the recent australian mines rise.
also the third and final part of the beta hunt drilling program should make result news these days as further positve upside card before the balance sheet. finally we get considerable prooven reserves for the beta hunt! for bureaucracy and the sleep well of the suspiciously shareholder!
my feeling, best case may be it goes to 1,2 CAD.
GOD BLESS WESTGOLDS MILL AND THE BETA HUNT!
independent