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Rupert Resources Ltd T.RUP

Alternate Symbol(s):  RUPRF

Rupert Resources Ltd. is a Canada-based gold exploration and development company. The Company’s principal focus is Ikkari, which is a gold discovery in Northern Finland. Ikkari is part of the Company’s Rupert Lapland Project, which also includes the Pahtavaara gold mine, mill, and exploration permits (Pahtavaara). The Rupert Lapland Project is located within the Central Lapland Greenstone Belt (CLGB), part of the Fennoscandian shield, which hosts 1700 known incidences of mineralization in Finland, Sweden, Norway and Russia, including around 80 mines. The Company also holds a 20% carried participating interest in the Gold Centre property located adjacent to the Red Lake mine in Ontario. The Gold Centre property lies to the southeast and within the shadow of the headframe of Evolution Mining’s Red Lake Mine (which has produced 23.8 M ounces of gold at an average grade of greater than 1/2-ounce gold per ton (or greater than 15.6 g/t).


TSX:RUP - Post by User

Comment by ferret_caon Feb 18, 2021 12:15pm
119 Views
Post# 32596371

RE:RE:RE:RE:RE:RE:Chart pattern

RE:RE:RE:RE:RE:RE:Chart pattern"it's all the commodity that is wrecking 
this stock not the execution by the company"

I think you are only half right here, rup started drifting lower before gold started it's pullback. I think what's happened (along with price of gold) is the market got used to the stellar results from the ikkari drilling then the last result, while still very good, was not as robust as the previous few results, so that caused a wee bit of a sell off, and then results came out from heina , which is a bit diffferent geology and metrics, and they were much lower than ikkari results (which was expected by people that understand what the diff is between the deposits) and the market didn't like those results so more sell off.

also a lot of money in these juniors is fast money and moves to the hot sectors in a heart beat, so between this , price of gold, and the last couple of results have all contibuted to our current s/p  imho

so if we get back to great results from drilling we should reverse trend even with pog down imho.  I might add some more but not until I see some insiders stepping up to the plate down here, the insider selling hasn't helped much either but it's mostly the one seller who holds a lot, so rather meaningless but still doesn't look good for those looking to invest here.

I also think when you see bitcoin pull back you will see some money move back to gold.

sorry for all the drivel, lol

cheers and gl ferret
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