GREY:RNKLF - Post by User
Post by
geodude13on Feb 28, 2018 5:59pm
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Post# 27639842
share rise and sustainment?
share rise and sustainment?The share value seems to be following a seasonal trend with a sudden rise in Q1 and then a gradual price decline over the remainder of the year until the annual low in "tax lose" season. It's a great way to profit and consolidate shares and lower the adjusted cost base of a RNX portfolio.
Sprot's liquidation seems to follow that observation and I hope it's not a sign of further delays. ES has so many shares outstanding that I'm thinking he's making some hay (profit) when things are shinning. That good; driving down the upward trajectory isn't.
Hopefully it’s not another year of peak, slope and valley but it may be another year of sell high, re-purchase more shares in Q4 and wait for the that elusive announcement that Dumont will be sanctioned for development. It'll likely be a two to three-year build.
In that time Beta Hunt should be proving out a profit and finance more exploration plays and financing other more junior explorers.
The AGM will be most interesting as the cyclical commodity price is trending up. Hopefully there is news coming soon. It's got a different feel this year and the winds of change are blowing more favourably; IMO.
Regards