Ignored The Bot I'm back. I guess it just took some time for the "PostBot" to show up with some "user actions" for all the members. Now I have ignored the Post Bot and the clutter from all the SH Editorial posts is gone. (I do like the SH Bull-boards...)
Check the RCTFF link above. No volume in Canada, but the pink-sheet had 1200 shares sold at $0.065. At that US price Canada would have to be 'round $0.08.
This month RGC's CEO bought $60K undiluted - partially diluted shares for himself and another entity he has a 50% interest with. (I wonder if he knows something...) Other officers and directors in the company participated in the PP so that the total of the shares placed was 1,850,000. I'm not aware of the breakdown regarding dilution and non-dilution, but there is some sort of mix to the deal.
I'm looking for a report this coming week, first one since April... I wonder how much money they made?
I think it will be clear that the PP was for investment purposes, and that the profit in the report will dwarf the money raised by the PP. After all, at a price of gold equal to $1,800 US, we're talkin' a bit more than 50 ounces of gold = $92.5k. If RCT has $350 US dollars of profit in each ounce, that's about 265 ounces worth. They have an annual production of around 4000 GE ounces, (just a very round figure.) That leaves 3735 ounces at 350 = about 1.3 million + 92.5k more call it 1.4 million in profit - yes? Don't hold me to these numbers - this is very speculative - but fun... I could easily be very wrong - JMO. We'll soon see. (I'm trying to under promise - over deliver... The profit might be $500+/oz as I speculated in a post back in July... YIKES!)