GREY:RNKLF - Post by User
Post by
BillionaireBoyon Mar 29, 2019 8:09pm
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Post# 29557085
Sprott Realizes that Running a Mill
Sprott Realizes that Running a Mill is Capital intensive - lots of costs to run the machinery, pay the employees, the maintenance of the plant and surrounding area. He also realizes that RNC does not currently have the monies to pay for everything. As a result he realizes that there will be further dilution to probably a Billion shares. I suppose the company can prove out their reserves and if they are lucky enough to find enough gold than they can pay for all of their expenses once they extract the gold. RNC could then have a 5 for 1 reverse split to bring their shares back down to the 200 million share level. I think it may have bothered Sprott that company is expanding without having the ability or finances to conduct the expansion without diluting the existing shareholders. GLTA Longs.