Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Royal Nickel Corp. RNKLF



GREY:RNKLF - Post by User

Post by geodude13on Feb 28, 2018 5:59pm
128 Views
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


<< Previous
Bullboard Posts
Next >>