GREY:RNKLF - Post by User
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pierregon Mar 29, 2019 11:46am
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$RNX: Transcript of Sprott Money 3.29.19
$RNX: Transcript of Sprott Money 3.29.19I wrote the transcript of Eric Sprott talking about RNX while on Sprott Money News Weekly Wrap-up - 3.29.19:
«RNX reported their annual results and their MD&A, they announced that they wanted to take over a milling operation in Australia, I thought that disappointing myself, that means they have to spend 50 M AUD in cash in stock to buy that mill, when quite frankly were not even sure they have a mine so I would not have done that. Obviously they should have confidence in the ore body but there isn't enough information out there for us to have the amount of confidence that they might have because it hasn't been well explained in my mind, so we'll have to stand by on that one. »