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Bullboard - Stock Discussion Forum Red Pine Exploration Inc V.RPX

Alternate Symbol(s):  RDEXF

Red Pine Exploration Inc. is a Canadian gold exploration company. The Company is in the exploration stage and has not commenced any commercial operations. The Company’s flagship asset is the Wawa Gold Project. The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario. The Wawa Gold Project covers over 7,021 hectares (ha), including 309 claims covering 4,788 ha; 17 leases covering... see more

TSXV:RPX - Post Discussion

Red Pine Exploration Inc > Anyone Else Think a Financing is Coming ANY DAY NOW????
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Post by crazytimes on Jul 25, 2024 5:10pm

Anyone Else Think a Financing is Coming ANY DAY NOW????

I could be wrong, but if I had to guess I would say 20 million shares at .07 cents with a .10 cent warrant to raise $1.5 million. I am thinking all this review etc. etc. has probably been expensive and the new CEO would probably want to cash up now while there is still the upside of the new resource to draw in some money ahead of time. If they don't get it now, what is upcoming catalyst/draw to bring in the bucks after? Some would think the price would be higher after the resource, but it is a tough market and if the big houses are not with you.... nuff said! Considering what has gone down here, not being greedy, and being friendly now to some of those who have been hit, might give larger shareholders a chance to average down and take some of the sting away from what happened. Certainly a better alternative to what big angry investors could do if they turned ugly. All just guessing and trying to see all sides! Just my opinion.
Comment by chuckie55 on Jul 28, 2024 6:38pm
Yup, I think a financing is coming within the next 90 days for sure......The problem is doing a financing at this price $0.05 US will crush the share structure... We also have tax loss selling coming hard for this one
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