GREY:RNKLF - Post by User
Comment by
Geodan2on Feb 18, 2020 3:33pm
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Post# 30704638
RE:RE:RNC Minerals: Could 2020 Be The Year For a Share Price Rise?
RE:RE:RNC Minerals: Could 2020 Be The Year For a Share Price Rise?Well today for first day have gone into margin. Bot 50,000 at about .335. Gold over $1600 for first time in years, everything seems to be bullish for RNC. I have not expected so much good news for RNC as we have got. Going forward good news is so much more likely than bad news. Reduced Maverix royalties, just a matter for how much lower, FDV will be mined, the rich Fairplay ore will hit the mill, they are drilling multiple new targets, and cash is piling up in the bank. Was not all that hard of a decision to make with gold breakout frosting on cake. BTW it is still about 50% short at IB, not hardly any yield now on interest, like 3% per year, but a setup for possible squeeze.
So short answer, YES and am betting on it :-)