GREY:RNKLF - Post by User
Post by
arh0070on Apr 09, 2019 10:07am
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Post# 29601257
Regulatory authorities
Regulatory authorities One of the great things that has happened over the last 20 years is that the canadian regulatory authorities overseeing the small mining stocks on the vse have tightened up the reporting requirements .This makes companies like RNX divulge all the financial details of what they are doing
Anyone considering a significant investment in RNX should go back and look on the RNX website under financial reports for 2015,2016 2017 .You will find an extraordinary complex series of transactions which enables them to get the beta hunt etc .You can discover the cost paid for the beta hunt ,the amount that part of dumont was sold for and the buy back price ( a lot more than they received)and you will discover a massive increase in the number of shares outstanding in the space of a couple of years .Something like a tripling .I cant find the sale price of the royalty on the beta hunt ,it must have been done prior to the sale of the beta hunt to RNX .I am sure it can be found somewhere and whether there is a buyback or not .The level of these transactions is very different from your average junior miner and shows that the people engineering this are very sophisticated financially and managed to sell a huge number of shares into The market ie “a blizzard of paper”with more to come .I have not been able to discover the cost of the sublease that RNX pays to goldfields or its terms (they dont actually own the mine)but hold a sublease .Goldfields kept a lot of thier property in this area including the open pit mine but not the beta hunt .Anyone wishing to verify any of the facts presented on this bb can easily do it in these reports ,all part of the public record .You just have to spend the time ,it is a prudent thing to do rather than just believing the cheerleading squad .