Post by
DEXTERBOY on Aug 28, 2019 10:16pm
Viking
Welcome here. Many of us have been or are involved in both plays.
My feeling hasn't changed at all. I think the share price was dropped down to the .10 cent level on purpose to Get Kalt money for his deal. I think the are friendly not hostile. I know btu insiders hold many shares of rgld as well so they are seeing benefits there as well.
My thought is Kalt needed money but no one was going to pay him .20 to get out. They probably agreed around .10 they could generate enough buying to get Kalt what he needed. At least there is buying at.10 otherwise this thing could have went much lower. I mean why pay a guy when you know he needs money. It has to work for everyone. Once he's gone of course btu will rise or should especially with a drill hole or 2. But also noted is the shares outstanding, much harder to move up. I also a double from .10 to .25 for btu can easily happen as it already did, however I feel rgld can go to 1.00 just as easily. If Kalt stays with his m/o of keeping shareholders best interests in mind the float will stay low! Remeber gbr has about 60 million shares and went from .50 a year ago to 6.25 now! We have half the shares...omg! gbr is drilling right to out boundry so if results there are great ours will be too unless of course gold knows how to stop on a border. So with no real reson to drill right now rgld will continue to rise on speculation, but educated speculation. Price of gold going up like crazy, a canadian discovery (so it should be safe lol), no geolists on board that like to take helicopter rides or shady presidents either. This seems to be the real deal. Maybe 20 million ounces of gold right next door! If rgld had 2 million of the same type and depth how much would it be worth. Maybe a couple of posters may want to take a stab, I'd like to know because I believe if its there and fault runs thru ours why wouldn/\,t we have it too.
Sorry to ramble but this has to be for real. So cheap!! An educated gamble I calling this.
Goodnight all
Comment by
Galaxym31 on Aug 28, 2019 10:26pm
If GBR has 20 million oz. we had better buy as much as WE can of GBR and anything within 100 KM .