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Bullboard - Stock Discussion Forum Ruby Creek Resources Inc RBYC

Ruby Creek Resources Inc. is engaged in developing a gold property. The Company's project includes the Gold Plateau Project. The Gold Plateau Project consists of property, which has artisanal gold mining activities. The Gold Plateau Project is located in southern Tanzania approximately 150 kilometers north of the Mozambique border. The Gold Plateau Project consists of around 15 properties of... see more

GREY:RBYC - Post Discussion

Ruby Creek Resources Inc > any thoughts?
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Post by Sound1 on May 29, 2012 7:00am

any thoughts?

Just doesn't feel right...feels like there a sellers lined up to hit the button on any meaningful up move.  Away from some tweaks to the company presentation---no interim updates and zero noise form company. Fact that Toby bought $14k worth of stock means nothing. Anyone have a thought? Think capital / funding is an issue?
Comment by jonggua on May 29, 2012 9:35am
they have to get more funding, they only had $250K in bank last quarterly report and now cash flow positive is pushed out to Q1 2013 due to much smaller m3/hr input than planned before. Where before ruby had been talking about 200 ton/hr (133 m3/hr) this summer, now it is 40-60m3/hr. Also, all gold stocks have been crucified for many months. majors are selling for 7x eps, 5x cash flow, juniors are ...more  
Comment by Sound1 on May 29, 2012 9:51am
great color, thanks. appreciate it. key is where does that additional capital come from? Chicken and egg story...who will throw more $ at them without better clarity on what's in the ground...?