GREY:RNKLF - Post by User
Post by
pierregon Oct 10, 2019 11:33am
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Post# 30217306
Red Cloud: Q3 Reporting Preview Top Pick RNX
Red Cloud: Q3 Reporting Preview Top Pick RNXRed Cloud: Q3 Reporting Preview Precious Metals Miners Poised to Shine with Q3/19 Results. « Top pick is RNC Minerals (TSX:RNX, FV est. C$1.00) as we expect strong production results to translate into positive operating cash flow for the first time in 2019. » Pages 1 & 7 (https://cdn.ceo.ca/1epujbb-201910xx-Q3-Preview.pdf)
« The recent rally in precious metals (gold up 12.7% QoQ and silver up 13.9% QoQ) is going to be reflected in Q3 results when reporting starts for precious metals miners on October 16. While strong commodity prices have already buoyed stocks, we expect a further rally for producers going into Q3 financial results as strong metals prices should drive Q3 estimates higher, indicating improved QoQ financial performance ahead of results. While we believe all of our producers under-coverage are poised for a strong quarter, our top pick is RNC Minerals (TSX:RNX, FV est. C$1.00) as we expect strong production results to translate into positive operating cash flow for the first time in 2019. »