RE:RE:RNC tremendous entry point @Andrewski you wrote: «CEO has a history of lying to shareholders!!» Q2 '19 Earnings call.
https://ceo.ca/~rnxpublic?ebbb68d806b9
« Pierre D. Vaillancourt, Haywood Securities Inc., Research Division - VP & Senior Mining Analyst [27]
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Okay. So just to be clear, there will be no financing, let's say, going forward for the foreseeable future? None this year, and like I'm -- from what you're saying, probably not next year. Is that what I should take away from that?
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Paul Andr Huet, Royal Nickel Corporation - Executive Chairman & CEO [28]
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Yes. Pierre, look, I don't want to alarm anybody. I WOULD NEVER SAY THERE'D NEVER BE A FINANCING. That would be the most ridiculous thing for me to answer on it. I am saying exactly that there's no capital. »
Paul Huet delivering & being truthful:
https://ceo.ca/rnx?96dab1a73b3a
Paul Huet:
« We're going to be focused at delivering cashflow »
Cash flow used in operating activities Q3 '19 2071000 & Q3/Q2 '19 -133% or 8401000
« Delivering revenue »
Revenue Q3 '19 43092000 & Q3/Q2 '19 150% or 25843000
About Baloo: « The grades have exceeded, they're north of two grams for an open-pit. »
Gold (HGO Mine): Gold milled grade (g/t Au) 2.34
https://ceo.ca/rnx?fb1135b94cf1
« When I looked at and assessed, already identifies if there's an opportunity to reduce the G&A cost. »
G&A significantly lowered.
GENERAL AND ADMINISTRATIVE EXPENSES = Share-based payments + General and administrative: other
Share-based payments Q3/Q2 '19 -182% or -2978000
General and administrative: other Q3/Q2 '19 -28% or -1286000