GREY:RNKLF - Post by User
Comment by
goldhunter11on Jan 26, 2019 6:07pm
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Post# 29285551
RE:RNKLF and Claude 25+ Bagger parallels
RE:RNKLF and Claude 25+ Bagger parallels GeoD,
Interesting comparison. If you pull out the chart for RNX (say a 1 yr chart) and ignore the front part whre nothing has been happening. If you just snip off the duration from Sept 2018 to now end of Jan 2019 ad compare that with your chart CLGRF for the portion Jan 2015 to Sept 2016. The two curves would look almost the same...suggesting that investors are slow to react and even change their mind after the initial excitement (or it's just a simple taking some profit). We are hoping that RNX would behave like the last part of CLGRF., i.e. going ballistic.
GH11
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Geodan2 wrote: Have improved the Claude Resources and RNC Minerals comparison chart with some notes. From the beginning (after FDV gold strike for RNKLF) it reminded me of CLGRF after it hit Santoy Gap. The CLGRF chart shows an interesting pattern whereby it took awhile for the market to digest just how much the value went up. The initial 15 bagger on RNKLF did not underestimate it, and was partially due to a short squeeze assist. CLGRF never had much of a short position and never got that initial pop.
But after 6 months think the two stocks are now parallel in terms of underreaction and lack of mining stock investor participation. Hope this is of value.