GREY:RNKLF - Post by User
Comment by
dacreon Oct 03, 2018 8:19pm
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Post# 28741639
RE:Main reason for the sell off
RE:Main reason for the sell offRemember that there were a lot of shares that were bought over a dollar. I think when the sp didn't break the buck mark on last night's nr that many of those investors got nervous and sold at a loss....unfortunately for them. I don't understand why anyone would sell given all the positives of this company and project....
- crazy high bonanza grades (161 oz/t or 5000 g/t...I mean think about that!)
- positive environment for other similar high grade zones and extensions
- debt free and churning out cash with material that requires very little processing
- in elephant country
- a portfolio of other high quality projects including the Dumont project, one of the largest undeveloped nickel-cobalt-pgm deposits in the world
- top notch management with decades of experience among them, playing integral roles in the discovery and development of projects with Vale/INCO, Xstrata/Falconbridge, Osisko, Kirkland Lake, Detour, Quadra and St. Andrews Goldfields
The stock will be volatile, no doubt, given that expectations are so high and speculation so rampant, but with so many positives, personally, I don't want to chance NOT being a shareholder.
Have a good night.