GREY:RNKLF - Post by User
Comment by
MrBogBrushon Sep 17, 2018 8:01pm
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Post# 28636234
RE:Why there is no analyst coverage
RE:Why there is no analyst coverageThis is what I love about this situation.. everything already in place, infrastructure and an operating mine. They can simply mine the gold and sell it within days of finding it so no financing, no further dilution, no Bay Street playing there usual games and getting cheap shares and warrants which they will dump into the market at a later date. None of all the usual baggage that comes with a new discovery. And boy what a find!
rimbus wrote: Because RNX management said repeatedly that no further financings are needed. Bay Street is pissed that they can't get in cheap with PP shares and warrants this time around. It's the one time where retail wins and Bay Street loses. But Bay Street will still begrudgingly chase this up on the open market. They recognize an opportunity when they see one.