GREY:RNKLF - Post by User
Post by
arh0070on Jul 19, 2019 2:00pm
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Post# 29940788
Fly on the wall
Fly on the wallOh to have been a fly on the wall when Selby submitted his resignation .Generally when something like this happens it is not good news .Selby in fact accomplished getting the beta hunt and obtaining a place to process the ore (higginsville).This was accomplished with massive dilution .Whether the operation will ever make a profit or not remains to be determined and clearly someone with extensive operational experience will be required to work through all the problems and issues that will be entailed accomplishing this (or not).What will the booster club do now ,no one to quote .Pierre as well of many of the booster club have suddenly disappeared ,out of a job with no one to quote .So this adds another level of uncertainty to RNX .outlook appears very cloudy for several months until it can be clearly shown that this mine can be operated in a cash flow positive manner after royalties are paid .i still have belief in the mine and am invested in it through the royalties and Maverix as already indicated .Personally wouldnt touch buying RNX with a 10 foot pole.