Royal Nickel Corp. RNKLF

BACK IN THE GAME

[wiseyoungman]

Hi dear all, 

I have read a lot of the posts the last week and many of the best were today. I am an avid junior gold investor and have hit some and missed some the past 8 or so years. A have a hobby of investing in my TFSA which to my US and INTL friends is an account in which you can deposit 5500 dollars a year which started around 2009 (forget the exact year) in which all gains are tax free). I have hit some ( Ventana Gold back in 2009-2010 and Galway Resources in and about 2012-2013). Missed some like EOM and Galway spin offs Galway Gold and Galway Metals. Those spins offs still trade but I was out a long time a ago. Lost many gains. Bottoom line i know this game. So the bottom line:

I bought only about about 150k in RNC at various prices and many investors own much more than me. I am a big boy and  an easily take losses. You win or die in junior mining folks. However this is my "mad money" as Cramer says. Not my child's college money. However I am bullish on this play not what is posted here but the facts. One hell of a gold find however I understand the mining industry, largely on the financial side however also on the geology side. This play ultimately will be about the continuity of the deposit and economic viability of mining. Finding large nuggests is great however what remains to be seen is how many more MAY be found. I highlight "MAY" because this will take time. Welcome folks to junior mining uncertainity. Nothing will be resolved tommorrow or the next day or the next week. Maybe even next month. The rislk takers and folks with strong hands always win.

Large nuggests do not create a large mining activity. However, the fact they have this will alllow this junior to option off the adjacet lands. This is worth a run in my book. If I loose the relatively low amount I have invested so be it. I have my childrens future invested in Vancouver real estate plus S&P 500 and the Canadian banks. So this is a good play at these penny levels. 

Finally, one poster asked why folks would sell now. I will tell you why. Many have options and warrants and its smart to take money off the table. Otherwise the SP would never rise. Based on my holdings I would sell some at a higher price, more even higher and let the rest ride. Thats what smart investors do. Bulls make money, Bears make money, and PIGS get slaughetered as Cramer says.

GLTA. We shall see. Good play lets face it foks.