GREY:RNKLF - Post by User
Post by
BillionaireBoyon Sep 28, 2019 1:52pm
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Post# 30173859
One would Figure
One would Figure that given the assets that RNC has and the amount of Gold that has been discovered at high grades that the share price should be at a bottom in the .35-.40 cent range. Just based on the assets and the discovered and implied reserves a third party suitor should definitely express interest in taking over the company. Also with the price of gold above $1500 per ounce NOW is the time to strike! It's hard to believe that RNC had to attach warrants to their latest PP in order to even attract investors. It now becomes a question of how well management will track their expenses versus the revenues from their operations. Hopefully they become much more conservative in their mining operations and don't attempt to go to the well again for another Private Placement at low share price levels. GLTA RNC Longs.