the crushing fall $5.30 to $4.40 Then the next day we magically hear from management. the law requires information be shared with everyone at the same time! 20% in three days? come on! There wasn't a LEAK? Outright craaaapola!
I started to look at RIC so I appreciate the comments on this board.
I noticed the stock since it was one of the few mining stocks that did not take a big hit today.
Gold, Silver, Platinum and Palladium miners were all heading down today and RIC was holding up well. I looked at some of the fundamentals and they have a low cost of Gold production per ounce... $832/oz. With a projected 2011 EPS of $.38 and a P/E of between 20 and 27 they could have an upside potential of between $7 and $10 per share....
Any thoughts about this? Am I missing some information about the company?
And it coincides with a large drop with every other gold stock, the HUI, and the XAU index...could it be just money moving out of the sector short to intermediate term ? Nothing is wrong..Just a normal correction.
They may be clean but I remember the time we saw something significant in an analysis's review (I think it was about the start of the de-watering of the Francoeur or the intent to do that) before there ever was a new release.
On another topic, can you explain the statement regarding the Beaufor. Are they even talking a the proven resources?
Existing resources are mostly below the existing infrastructure of the mine, and currently do not economically justify an extension of current operations.