GREY:RNKLF - Post by User
Comment by
Geodan2on Sep 20, 2018 2:30pm
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Post# 28657758
RE:RE:RE:RE:The total impossibility of this being a one off...
RE:RE:RE:RE:The total impossibility of this being a one off...Goldminer01 Said:
Yes, no matter how you look at this the market is under-reacting. May be due to general gold miner malaise.. the story is NOT out. Also, lots of HFT bots are probably playing with the trades. They are playing it down.
Lots of people have 1 week doubles now is my guess and selling gleefully.
I did that once, bot TASR (before split and being well known) for $1 and sold 3 days later for $2, wow. Thenit went to $80 (super over vlaued then, bit was super undervaluyed when bot it)
I learned a lesson from that.
here is what market is missing:
| RNKLF | Metals & Mining Average | Industry Percentile |
Market Cap | $110.80M | $10.89B | | 76th |
That RNKLF is 1%, 1/100th the mkt cap of the average miner!!
So take our news and multiply it by 100 (2,400,000oz gold in 10 days) then have that happen to the average mining comoany according to Fidelity ($10.9 Billion). Its like the average mining company finding 100 deposits like this on the same day, of finding 100 2440oz nuggets on the same day.
Think about what that would do for average miner.
Cheers