Harte Gold Corp. T.HRT

RNX Lesson

[rollon]

Several years ago I took a small position in RNX at~2.00. Nickel play managed by the former president of INCO. Lost my shirt. Left the shares in the drawer since 2011. Lately there has been activity on the gold side. I wasn't even aware they were involved in Gold. The stock was over a buck yesterday so there is a chance I will get my money back.(LOL) At any rate I picked up an interesting post on the board which applies to HRT in many ways and speaks to issues that we have discussed on this board. Thought I would pass it along. ------- explanation for todays 35% haircut.. This story is quite unique, in normal circumstances when there is a big discovery institutional money has an opportunity to establish large positions because the company involved inevitably needs to raise money via a PP. This means they can get millions of shares and warrants at a discount so they dont need to buy shares on the open market. The situation here is different, Royal Nickel does not need to raise money as it has all it needs. The company is in a position to finance all its ongoing exploration. This means the only way institutional money can get in on this discovery is to accumulate on the open market. I believe this is a very likely explanation for the sell-off today. Big money knows exactly how to shake the tree and collect the shares from nervous retail investors and traders. That, I believe, is what we witnessed today. This has absolutely nothing to do with the authenticity of the discovery, in fact quite the opposite! The big money wants a big piece of this pie because they know it has the very real potential to be one of the biggest, if not THE biggest gold discoveries ever. What we witnessed today is how big money accumulates shares from weak hands and nervous retail investors who got sucked in by the fever of yesterdays 105% gain which was no doubt helped along its way by those same big money people driving up the stock yesterday. This is exactly the same phycology as a pump an dump but in this case used for accumulation purposes. So the important thing to remember is that as far as the discovery is concerned nothing has changed. When the next news is released is also not really important. What is important to understand is that in the big picture it wont matter if you bought at a dollar yesterday as long as you didnt sell them. The main thing to focus on it that the potential here is quite staggering thats why the big boys want your shares. Great piece to learn from. Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.rnx&postid=28691584#BEYCrfgrKPuPTx7q.99