GREY:RNKLF - Post by User
Comment by
Cashabison Nov 17, 2018 11:08am
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Post# 28989316
RE:RE:What are we missing?
RE:RE:What are we missing?Even though I'am a long,I'm totally gambling they hit more course gold and make more headlines.The truth be told is, all gold producers see there sharesout expand bigtime,to get to the position of "Producer". RNX with its 400+shrs out is another! Yes this number plays"LARGE" into it's daily price,how can it not? 400M X 0.50 = $200M Dollars do they have that much worth?This is why it is where it is.As well its a great stock to short,as we all know.Miners take "time" to drill/blast and explore.The plus here I see is- they have paid down debt/they have a great ca$h position/they are drilling with great knowlegde of potential course gold they are seeking in the pyrictic layers next to the shear zones.Unfortunately investors dont care about gold producers unless they are making headlines. We have done that here,and everything is hinging on more headlines,fortunatly we have the money to keep looking for sometime. I dont care what is said here,but the truth is the number of sharesout plays large,think about it!