RE:RE:RE:****RCG RETAIL INVESTORS ROBBED BY BIG CORP !!!!!!***** I think the price action is completely disconnected from underlying value.
The 30c warrants would have brought in $8M and would have been helpful but were mistimed.
I don't think George Young or any other CEO could have "guided" the price up to that level in 30c in the summer of 2018 with gold tanking and speculative retailers playing pot and bitcoin instead of gold. Book value was around 7c and even KL's P/B dropped below 4x book value.
If gold is coming in, and on budget, the price will go up.
The results of the last 6 months of the bulk sampling phase were disappointing to me.
I was expecting the company to increase test ming and processing rates per ...
January 18, 2018
Gary Lewis, Chairman commented: “This positive and invaluable experience gained from the results of this bulk sample will allow the company to progress towards production with a realistic and positive mine plan. The Company plans to increase test mining and processing rates over the balance of the current quarter to reach full Mill capacity and increase gold production rates.1 At the same time, the Company is evaluating milling operations to assess and improve recoveries in the gravity circuits, which is expected to improve the overall performance of the project. “
August 24, 2018 report suggested the effort was more exploratory/experimental in nature.
If the engineer called for it, and the CEO/CFO said that is ok, then that is fine with me.
If the market had other expectations doesn't make the market's opinion correct.