RE:RE:RE:RE:RE:RE:Crux interview February 16Stockpicks96 wrote: Thank you Blue Chipper. Just about every company that does an MRE will see a falling share price afterwards. Look at tudor gold or wallbridge mining for example. They rarely ever live up to retails unrealistic expectations. Now I'm now saying that they can't recover after an MRE if they truly have the goods, but history has shown they do very little to move the needle. I could care less about MRE's.
Thanks for pointing out Wallbridge as an example. Sprott actually talked about how he hates RE's after the Wallbridge came out. He talked about how ultra conservative they are and the top cuts to grade ect.
Tudor's RE actually exceeded expectations in terms of ounces and I was hoping for a bump up in my Teuton shares at that time which never came (Teuton directly connected to Tudor which is too lengthy to discuss here). I sold out of Teuton shortly after since it was already priced in or there was no real news in it. Just what the market knew already.
BC