Royal Nickel Corp. RNKLF

Rnx booster club

[arh0070]

Yesterday there were way more than 100 posts on rnx .Most total rubbish .As a general rule the number of notes on stockhouse is a very strong negative indicator .IE the more notes written the worse the stock performs .For example one stock of mine metalla royalty is up about 50% in the last few months ,with fewer notes in 6months than appears on RNX in one day .It is also important to understand what drives the booster club ,it is the greater fool theory ,ie there is a bigger fool out there who will buy my stock for more than I paid .Most of the booster club will either own shares and thus have an economic interest in trying to boost its price or be paid boosters .In some cases eg artemis the ceo of the company was part of the artemis booster club .Just look what happened to its share price over the last few months and to its ceo (now resigned).
the recent news release reflects extremely poorly on the ceo ,It was clearly premature reporting only a few drill holes ,perhaps he was pressured by prior statements ,I dont know .it is quite obvious that its going to take months to complete the drilling ,analyze it and do follow up drilling .Rome is not created in a day the company is currently valued as though it has 10 Father’s Day veins discovered at current gold prices or between 20-30 at discounted values which is a more common valuation for miners as it costs money to mine and process .Eventually they might have a profitable mine which justifies its current valuation but not for 6-24 months and perhaps never .ARH