RE:RE:No split is going to happen Hmm, I guess we should accept your obvious intelligence as a reference as to what a smart play this would be.
Beta Hunt is one.... and just ONE mine. RNC Minerals has MULTIPLE mines, each having resources that can be shared with other mines as needed, or be reused on new properties. Cost of mining becomes lower because of volume discounts, reusing machinery, and lower administrative costs. Contacts can be shared - the company benefits from having a resource pool.
Spinning Beta Hunt out... hmm... seems pretty stupid when a half an IQ point is applied here. It is ONE mine which will eventually dry up after the mega tonnes of gold are pulled out of it, leaving all the stupid investors who buy into this idea of a gold only play with a bunch of worthless shares and NO source of revenue.
Great idea still? Not really... a great idea would be instead of trying to bash this stock to shave a few pennies now off the SP would be to buy it at the SP and let it grow naturally before you get locked out of it when it exceeds your allowance money for cleaning the dishes.
rob1237 wrote: Smartest solution is to spin Beta Hunt out as a pure gold play...