Transformational - RNX's word for buying Beta/ReedJULY 15, 2016 https://www.stockhouse.com/companies/bullboard/t.rnx/royal-nickel-corporation?postid=25055053 RNX needs to demostrate transformation
When RNX made the move to acquire both companies they claimed transformation and that they would be going from explorer to producer.
Since then all of RNXs announcements have sounded like that of an explorer, wither drill results or printing paper.
As an example drilling at Beta Hunt should be geared toward mining of the ore and not just proving up more resource.
their announcement of finding more gold would have seen a share response if they were explorers but as miners those numbers should have had some reference to accessing and mining that rock.
On the nickel side they should keep investors informed as this is their largest asset.
If what RNX has released is accurate and achieved I think that RNX is undervalued by at least 100%. At the same time it is painful watching cheap paper being printed and find it hard to believe RNX is happy with that.
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Up until Sunday they lost money on every ton they mine for nearly 3 years.
Transformational was an understatement.
Amazingly many here want them to continue of with the status quo rather than follow the advice THEY got from the PEA engineers.