RE:RE:RE:This post will be a waste of time, here goesHi factsARbest,
Some of us more experienced investors appreciate your posts, as opposed to the many gamblers, spivs and get-rich-quick merchants attracted to this story, like moths to a flame. You are clearly honest and just imparting your knowledge over years of investing in RNC - I value that. I have seen many natural resources promoters in my time and know most of their tricks.
The good news is that Haywood say the company are now drilling, infilling between the 14 and 15 level, stepping out and also testing the Western Flank.
As Haywood also commented, I am concerned that the company said nothing about grade found (just that there was visible gold) at the 14 level end of the Father Day vein strike (so Haywood are assuming its in the 10s of g/t range rather than the 2,200g/t of the original discovery).
I await further news on drilling results and plans with a mixture of excitement and nervousness.
Fingers crossed a) the company now does the right thing; b) results are good. It's all well and good Selby talking about km of strike and regional plays. Words are cheap. He's got to prove it.
What concerns me a bit is that there are many speculators on here with unrealistic expectations (such as talk of 10,000g/t along the whole FDV strike). Will they all exit if the company starts talking about 50g/t ore? I suppose if so, and the SP crashes as a result, that might be an opportunity for me to add, if a more level-headed assessment of the drill results and plans gives me sufficient confidence.
For that reason, it is best to be cautious and, hopefully, be pleasantly surprised, than to be over-bullish and end up disappointed if the "gold boulders" stop coming for a while.
For the time being, I remain invested with my original position. My investment decisions are driven primarily by the news (preferably with facts & figures). What the SP does short-term is secondary.
Mark