GREY:RNKLF - Post by User
Post by
uptown59on May 01, 2019 4:17pm
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Post# 29696960
Food for thoughtk
Food for thoughtkI believe that the Mill/Mine purchase, but specifically the Mill, is absolutely critical for RNX. Not just because it’s a deal, simply because they need it, big time. The closing of the deal is based on a cash/share payment. I’m sure that information that could be market making is being withheld in order to keep share price where it is so that maximum amount of shares are transferred to Sellor. The deal is sweet but a reduced share count might jeopodize closing.
So, as painful as it might be. I think we are in this range for the next couple of weeks, at least until we’ve entered the 10 day averaging period.
In other words, do not worry about News release, I think nothing substantial until end of May, then we will get great news, intercepts, massive production, fantastic revenue and profit numbers and a new huge RE, probably 200K ozs for 20 years with massive potential to grow through drilling programs and infrastructure enhancements. This is why i’m Hanging In.
GLTAL