GREY:RNKLF - Post by User
Comment by
Andrewskion Apr 15, 2020 5:14pm
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Post# 30913634
RE:RE:RE:Cash is king
RE:RE:RE:Cash is kingYou bag bag holders never give up. You guys see your bank accounts at -35% and come here and post how good of a job rnx is doing. Can argue all day long but look at a chart market says I’m right lol
and the HGO mill was up for sale even before FDV so another 2 months mining would of been fine
Farquar wrote: To the great Andrewski: RNX didn't mine it then when Gold was at what 1350$? The fact they diluted the shares to get the mill and 1.8 million ounces is probably what angered Sprott at the time, but it's a done deal and it was still a steal for RNX , regardless of how they paid for it . Who's to say if they had chosen your path ,that is mine the sh-t out of it first and pay cash , that the opportunity would still have been there ,at the cheap price they ended up paying for the mill.. Btw, that 50 million$ worth of gold ( if it exists)is now going to be mined when Gold is $1700.00 plus..So they got the mill, the fantastic land package and 1.8 million ounces and counting and they still HAVE the gold at beta hunt...nobody likes dilution but this last round or two of dilution may have ended the dilution cycle that kills many a junior gold co. Sometimes a dilution is justified if it will add 100's of millions if not billions of dollars value to a company... My critique of your viewpoint is that you are not acknowledging the astounding value that was acquired with that dilution.