Bullboard - Stock Discussion Forum Ruby Creek Resources Inc RBYC

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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

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Ruby Creek Resources Inc > Financing

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Post by cadillacsam on Jul 25, 2012 3:39pm

Financing

I believe that if Ruby Creek is able to get financing it will be at 10 cents per share or less. That is what is happening to most miners that don't have a track record; below market financing. This will be highly dilutive but probably their only chance to stay solvent.

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