Royal Nickel Corp. RNKLF

Tax loss selling

[arh0070]

You are quite right of course that in 4-6 weeks tax loss selling season will click in .It will likely hit RNX since its current share price right now is well below where it has traded at for most of the year and there are loads of shares out to sell.There is always a caveat in RNX ,if they hit another Father’s Day vein or high grade area the share price will pop up and make for a nice profit for traders .Other than that its going to be a long haul over several years for RNX to gradually dig out of its big hole ,I dont think its viability is in question,and I think they now have good management .
    I have heard predictions of a great bull market in gold and in small miners for the last 25 years and its yet to happen .Right now gold is in a correction and it has greater impact on RNX which is highly leveraged to the gold price as it is mining a low grade deposit underground .Other Aussie mines that I invest in are all looking for much higher grade above 10 grams per ton which is where the real money is ,not the less than 3 grams per ton which is what RNX is mining .Just look at the profits rolling in for KL which reported this week .
There is not much more to say about RNX until its next quarterly report and I wont ,I will leave the booster club to peddle its wares and speculations ,unless they hit a high grade pocket which is certainly what adds spice to the beta hunt . RNX might be a long term decent buy sometime rather than a trader stock ,the key buy signal is when RNX decides to redeploy the booster club .