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Bullboard - Stock Discussion Forum
Ruby Creek Resources Inc
RBYC
Metals & Mining
Gold
Industrial Metals & Minerals
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...
prospective gold mineralized territory. The Company has mining and processing equipment onsite and additional processing equipment. The Gold Plateau Project is situated at the eastern margin of the Selous Basin where the Karoo and young sedimentary rock are in fault contact with low to high-grade metamorphosed rocks of Neoproterozoic age belonging to the Mozambique Belt.
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GREY:RBYC - Post Discussion
Ruby Creek Resources Inc
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DRRabbit
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Post by
DRRabbit
on Sep 20, 2012 7:08am
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Awfully quiet.......was hoping we would have heard something by now. Is this good? Or bad?
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Yukon_Cornelius
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Comment by
Yukon_Cornelius
on Sep 20, 2012 10:12am
Last I heard, discussions with a couple of funding parties remain ongoing. This is good to neutral imo. While we all (Ruby included) would prefer that a deal be done by now, if they were out of live options, that would be bad. Things almost always take longer than investors hope. One positive that works in our favor is the recovery in gold prices as the world continues to infuse cash into the
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DRRabbit
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Comment by
DRRabbit
on Sep 21, 2012 10:36am
Took my own advice yesterday and talked with Toby. Negotiations are still on going with multiple interested parties. He didn't get into specifics but they have been extremely close a couple times to satisfying the needs of both RBYC and it's shareholders. While he can't guarantee success he remains optimistic about the companies future. I encourage you to call him if you have any
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