GREY:RNKLF - Post by User
Comment by
BillionaireBoyon Mar 31, 2019 12:47pm
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Post# 29560698
RE:RE:RNX has an interest in palladium
RE:RE:RNX has an interest in palladiumBeta Hunt is their sharp target. The purchase of the mill is designed to cut their costs of production and give the company a more integrated approach to mining and then refining the ore. The problem is when RNC makes big purchases on hope rather than solid proof of what type of reserves that they may have. Also, the management tends to rack up the company's debt and their solution to finance the debt is to raise money through private placements. They did discover the FDV which was a bonanza find. However, I would like to see the company build on that find and start to produce a positive cash flow rather than constantly running up the debt and solving their problems through share issues. GLTA Longs