GREY:RVRCF - Post by User
Comment by
factRbeston Jul 19, 2018 6:34pm
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Post# 28341754
RE:IDM
RE:IDM Not sure how you evaluate progress.
they had 40 million shares and 400,000+ ounces
At that time they started talking about development an using earning to pay for further exploration.
Four years later
They now have 540 million shares and 700,000 ounces.
A perfect example of with enough money you can do anything.
Put it another way
Then
each shares had .01 ounces of gold attributed to it
Now
each share has .0013 ounces attributed to it.
With today's gold price
THEN each share was worth $12.25 in gold
NOW each share is worth $1.59 in gold
That is the gross value of gold per share and not the net value.
More importantly look at where the money went. Especially considering the good gold grades. It couldn't have taken that much drilling to get the gold increased by 100K ouces. At 8g/ton that would be only 300K tons of rock.
Look at the most recent MD&A
States reduced spending on IR and marketing but they hire a junior PR coordinator and then give the person stock options. Not to mention his background was as a drillers assistant.
He is from Stewart though.
Please explain that.
The shares are low because no one trusts anything helicopter has to say. The market knows after all the rhetoric the only thing that will materialize is another financing preceeded by a surge in short trading.
Sorry
MISMANAGEMENT ALL THE WAY
ROB HAS TO GO