GREY:RNKLF - Post by User
Post by
Geodan2on Sep 25, 2018 6:57pm
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Post# 28688628
Talked With Them, Good News and Warrants Free Trading
Talked With Them, Good News and Warrants Free TradingTalked with them. As normal wonderful stuff. The Big Daddy Nugget was found about dead center in their property. Again luck. That maximizes the likelihood of finding more gold on their property.
None of their neighbors have any underground workings anywhere near the Lunnon Basalt, maybe no underground at all. And being its a dome dead center on RNC, much shalloer for RNC to get to.
What would keep RNC from getting to those borders then do royalty arrangements mine neighbors lands? Answer "it will take years and years for us to mine what we have now to get there" Think about that, years and years of apparent bonanza grade ore. Again IMHO they will get millions of gold oz from high grade ore at Beta.
The Warrants that were exercised were mostly at $.50 Cad so 5 times higher than stock a month ago, even higher than it was 1 week ago. So they got a bunch of cash for them.
Were they free trading?, in other words could they be sold today? They think so, explains extra supply today. Pretty simple, exercise .50 sell at .75-.95, no risk, quite a 1 day profit. We did 64 million volume TSX today, that is double warrants so those that wanted the quick bucks may be out.
Cheers