GREY:RNKLF - Post by User
Comment by
BillionaireBoyon Mar 26, 2019 5:12pm
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Post# 29539272
RE:RE:RE:RE:Back in @ .50
RE:RE:RE:RE:Back in @ .50Clanhunter wrote:
They could have raised the funds @0,60 or @0,65.
There is enough interest. A slap in the face of existing shareholders. And a bargain for biggies to load up.
I agree with you! Management could have offered 40 million shares @.65 rather than now giving away an extra 35 million shares for nothing. The company is issuing share too freely. The 0.49 is really low balling the value of the company to its existing shareholders. RNC needs a much more specialized accounting department like EnCana's special Operating department in order to finance their deals on the best available terms. They will also need a specialist that can hedge their gold production at higher prices in the futures market. I don't know if this current management is making sound enough decisions! But at .50 it might be worth the risk! GLTA Longs