Royal Nickel Corp. RNKLF

RE:RE:$RNX: HGO option news-for a larger-scale Beta Hunt operation

[ProfBaIthazar]

Hey Pumpierreg leading bobblehead, VWAP is still too high for the last month, hence they extended HGO option. They got another week to adjust VWAP by keeping the SP under .40! 

pierreg wrote:

Very significant HGO option news - for a larger-scale Beta Hunt operation: «Higginsville Mill and Gold Mining Operations ("HGO") has been extended until May 12, 2019, to allow the parties additional time to settle definitive documentation and confirm the exercise of the option. The parties confirm that due diligence is substantially complete and they are progressing towards finalisation of the deal.

ProfBaIthazar wrote:

ProfBaIthazar wrote:

Not exactly. The value of share is predetermined between RNX and Westgold having in mind several simple parameters.

1. With the latest PP, Selby admitted the share's value is not .70 but .49
2. Calculate in 15% dilution (newly printed shares for PP + new shares to pay Westgold's mill & mine [75M of new shares on the existing 500M float] 75/500=15%) impact on price and you will get:

(1-15%) x $.49 = $.416

3. Now you have the simple task to justify this figure .41~.42 with VWAP (Volume Weighted Average Price) by manipulating share price in predefiend period and voila - the deal is done, right Pumpierreg! LOL


 

Centrehold wrote: Thanks Professor.  Makes sense. So they are surpressing share price in order to gain as many shares to fill the 21 million quota?  Where are we in the Higginsville deal timeline?
ProfBaIthazar wrote:Westgold! Anybody who does not understand that should not invest in penny mining stocks! LOL


 

 

Centrehold wrote: Just trying to figure out who benefits from keeping this stock price low. Can’t just be Shorters.