Big regret on its wayThese ding dongs after buying Beta hunt.
First shelved profitable nickel at Beta tro mine for non defined gold. With tat immediately started losing money.
With the loss of money they fired up the printing press.
When no one wanted their paper anymore they started to sell assets at fire sale prices.
ALL WHILE LEAVING PROFITABLE NICKEL IN THE GROUND.
Now the next cycle is approaching and nickel is going to make gold look like dirt.
The people who bought most of Dumont will do very well.
If in keeping with their stupid they will sell the rest of Dumont before nickel prices really rally.
NICKEL
Low price bu recovering
Inventories on LME none existent.
.
https://www.kitcometals.com/charts/nickel_historical.html .
To all those that attacked me all those year back when I
criticising RNX for walking away from Beta nickel and then Dumont.
Predicting 6 months previous that Dumont would be lost due to debt.
TOLD YOU SO!!!!!!!!!!!!!!!!!!!!!!
Further FYI
With Inco and Falconbridge being bought by foreigners.
The only investable company with Canadian listing and property would have been RNX.
A development announcement with 100% ownership would have sent RNX stock flyiing.