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Richmont Mines Inc. Message Board

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  • whitesands_8 whitesands_8 Dec 13, 2010 1:56 PM Flag

    Addressed to longs:

    What's holding it back ? Nothing wrong with this stock or company...There are quite a few stocks that are in the same boat stock price wise, even big producers...Actually, RIC has outperformed quite a few companies in the last two years...GG was higher two years ago than it is today with gold about $400 higher....That is just one example of LOADS of gold stocks in the same predicament...KGC, NEM, AU, AUY, RGLD....I could go on and on...It's just a matter of time.

    As far as what's holding it back..Supply of shares in the $5 area and the way the stock has been acting I suspect that the $5 area will give away not too long from now followed by a very explosive move as it breaks out of this huge pattern.

 
RIC
3.19-0.01(-0.31%)Mar 30 4:02 PMEDT