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Red Lake Gold Inc C.RGLD

Red Lake Gold Inc. is a Canada-based junior mining exploration company. The Company’s principal business activities include the acquisition and exploration of mineral property assets. It is focused on high-impact gold exploration through its 21,238-hectare district-scale Whirlwind Jack gold project situated near Red Lake, Ontario. Its projects include Whirlwind Jack Gold Project, Fenelon North Gold Project, Preston District Uranium Project, and Celt Lake Lithium Project. The Whirlwind Jack Gold Project is a district-scale gold exploration project located near Red Lake, Ontario. The Fenelon North Gold Project is situated within the core of the Fenelon gold district. The Preston District Uranium Project, which consists of over 11 mining licenses totaling approximately 56571 hectares, is located in the Athabasaca Basin region of Saskatchewan. The Celt Lake Lithium Project is located in Red Lake Mining District, Ontario, Canada. The Celt Lake Lithium Project has approximately 500 claims.


CSE:RGLD - Post by User

Post by DEXTERBOYon Aug 28, 2019 10:16pm
108 Views
Post# 30077535

Viking

VikingWelcome here. Many of us have been or are involved in both plays.

My feeling hasn't changed at all. I think the share price was dropped down to the .10 cent level on purpose to Get Kalt money for his deal. I think the are friendly not hostile. I know btu insiders hold many shares of rgld as well so they are seeing benefits there as well.

My thought is Kalt needed money but no one was going to pay him .20 to get out. They probably agreed around .10 they could generate enough buying to get Kalt what he needed. At least there is buying at.10 otherwise this thing could have went much lower. I mean why pay a guy when you know he needs money. It has to work for everyone. Once he's gone of course btu will rise or should especially with a drill hole or 2. But also noted is the shares outstanding, much harder to move up. I also a double from .10 to .25 for btu can easily happen as it already did, however I feel rgld can go to 1.00 just as easily. If Kalt stays with his m/o of keeping shareholders best interests in mind the float will stay low! Remeber gbr has about 60 million shares and went from .50 a year ago to 6.25 now! We have half the shares...omg! gbr is drilling right to out boundry so if results there are great ours will be too unless of course gold knows how to stop on a border. So with no real reson to drill right now rgld will continue to rise on speculation, but educated speculation. Price of gold going up like crazy, a canadian discovery (so it should be safe lol), no geolists on board that like to take helicopter rides or shady presidents either. This seems to be the real deal. Maybe 20 million ounces of gold right next door! If rgld had 2 million of the same type and depth how much would it be worth. Maybe a couple of posters may want to take a stab, I'd like to know because I believe if its there and fault runs thru ours why wouldn/\,t we have it too.

Sorry to ramble but this has to be for real. So cheap!! An educated gamble I calling this.

Goodnight all
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