GREY:RNKLF - Post by User
Post by
factRbeston Jul 29, 2019 9:27am
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Post# 29969885
There is something very broken here
There is something very broken hereEver since they bought Beta Hunt they have turned an exploration company into a printing company.
When they bought Beta they commissioned a PEA.
The engineering told them to MINE THE NICKEL and prove up the gold.
Using the money from the nickel to pay the bills.
At the time nickel was below 5 bucks and Beta was still mining it profitably.
RNX chose to shut down nickel mining and mine for gold with no known resource (blind mining).
Then they find the FDV.
Shut down the mining of gold to explore and still leave the nickel.
This was questioned and at the time Shelby said they could go back to the nickel.
That never happened.
Instead they greased up the printing press and put it on high speed.
Folks if you are not aware.
Beta Hunt and the time of purchase was a profitable operating nickel mine. They would come across gold and that added to the profits.
RNX reversed this and has never made a penny.
In the process has diluted the shares and sold off most of their other assets.
One might think 'maybe I am missing something.'
With that original PEA and the fact that Beta was making money with $4.70/lb nickel.
One definitely thinks something stinks here or fools are runniing this thing.