GREY:RNKLF - Post by User
Post by
pierregon Jan 08, 2020 8:14am
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Post# 30529554
Underpromise and overdeliver and strong cash position
Underpromise and overdeliver and strong cash position« For the second half of 2019, production totaled 51,090 ounces, exceeding company guidance of 42,000 to 49,000 ounces » Underpromise and overdeliver with RNX as Paul Huet used this strategy with Klondex https://ceo.ca/rnx?162f2e03d273. Also, + 100,000 ounces annualized confirmed.
« We are also very pleased to have been able increase our cash position to $34 million at year end, $9 million higher than $25 million at September 30, 2019. This strong cash position IS NET OF AN EARLY $3 MILLION DEBT PAYMENT we elected to make to reduce our interest costs in 2020. » Cash position = 34 M$ / 25 M$ = + 9M$ or + 36%. Cash position prior to debt payment = 34 M$ + 3 M$ = 37 M$ or + 48%.
https://www.rncminerals.com/2020-01-08-RNC-Exceeds-2H19-Guidance-with-Production-of-51-090-oz-After-Record-December-Monthly-Production-Since-HGO-Acquisition-Pays-Down-3M-in-Debt-Early-to-Reduce-Interest-Costs