All upside strength today in golds and silvers occurred on puny volume, proving that it is nothing more than scam green volume created by fund manipulators, and such puny upside volume is unsustainable.
You name the sick gold or silver stock and it will be joining RIC soon in the doghouse where it belongs, well before Summer 2014 arrives.
This is an ultra bearish sector and most stocks that have lost more than 75% of market value and fallen below 5.00 never recover. Never.
'try' RIC at 1.00, then .81 cents isa buy IMO... and yes the miners have been killed recently They are now buys; URZ, PAL, USGIF, GSS, VGZ, SYN, IVAN @ 35 cents, WTER, WILD @ 5 cents.
Say it's trading in the .50-.75 and has been under $1 for a couple months. They will likely get a delisting notice saying they must get the stock price over $1 for 30 straight days. Only way they can do it is a 1:3 or 1:4 Reverse Split.
And once cash is low in several months, and the share count have been divided by 3 or 4, they could very well issue shares to raise money. I started watching this stock right after a secondary offering. They had $65M in cash after that and 2 quarters later they only have $22M and just took on $50M in debt. IF they can't be profitable with gold above $1350, then they won't be profitable below $1200 soon.
Hey, I warned anyone who wanted to listen back when this was above $2. And now GS and Jim Rogers say gold could keep falling through 2014, so I just don't know about that rebound on higher gold. If gold went above $1350, then I would buy a miner. If gold goes below $1100, then I would buy gold. But $1125-$1325 is sort of no-mans land.
There won't be a reverse split with this one......but it does need a higher gold price as with the other miners for a strong rebound..it's coming
How much was spent on the ramp and equipment again?
I think I would feel better with my money on the Hoffman's in South America. And that's SCAREY!
Hope you bought like I did in mid September, been a good ride so far. I plan on taking a position soon Ric in the a.m. Good luck
I expect a gold rally soon our new boss at Fed will keep printing money hence that will probably boost gold prices above 1400-1500 area then we have decent management taking actions in the background Downside is limited at these levels
Hello there punk. Why are you referencing uranium?
Don't be bashful. You're already proven your stupidity.
CXZ, XING, URRE, DNN, ect.
Stay long and lose your money punk.
Sentiment: Strong Sell
Doodle wrote: "from what I have seen"
Why don't you list all those examples. Go ahead, don't be bashful.
Also list the years involved with each company.
Of course he knows a reverse split does not change the market cap.
"In 1985, drilling approximately two kilometers south of the Kremzar Mine intersected a series of sub-parallel lenses containing gold mineralization within deformed rocks of the Goudreau Lake Deformation Zone (gldz). These lenses are known as the Lochalsh, Island Gold, Shore, and Goudreau Lake Zones. Over 1989 and 1990, underground infrastructures were built into the Island deposit beneath Goudreau Lake from an adit on the north shore. A bulk sample weighing 4,167 tonnes was extracted and processed at the on-site Kremzar Mill. Encouraging results were obtained from exploration work conducted from 1996 to 2002 and, in 2004, an exploration program was initiated in order to complete a resource estimate. On January 1, 2005, Richmont Mines became operator of the project. The project began commercial production on October 1, 2007. Richmont acquired Patricia Mining’s 45% interest in December 2008, becoming 100% owner of the property and operations."
You have a good point top. The problem is it doesn't work that way in the stock market. It does work that way on Main Street. You would be great as a business owner and CEO of a private company imo.
As for reality of the Street, things tend to work the opposite so think of your view as banking and private industry while my view is accounting and the Markets. As you probably know, banking and accounting are two different things.
RIC will be trading at $10 again because that is how it works in the markets however; if this were a private company, things would work more like your logic. This is why, I must have a strong buy on RIC even if prices could go to lows as they have before only to provide great wealth to those who bought, held and sold a short time later as in just months or a year.
Good luck to everyone no matter opinions or stocks trading.