Dropping like a rock, heading for new 52 week lows
Say goodbye forever to prices above 5.00,
RIC is dead in the water for the rest of the year and RIC shorts are about to make the biggest score of a lifetime, thanks to the rotten management who have conspired against their own stock, in a most overt and flagrant manner.
you can pump all you want but it does not change the extremely bearish future for RIC and all other gold miners.
RIC just happens to be the worst of the worst, but I always warn people away from all gold or silver miners, especially considering how rotten and shareholder unfriendly their management happen to be.
Imagine announcing a dilution a significant discount to market price, to a group of complicit funds who so obviously shorted the stock, wrote call, and bought puts some time ago, safe in knowing that they could cover the short with the new issuance of stock.
How many times have these rotten gold and silver miner managements screwed their own shareholders in such an obvious flagrant manner?? Yet you never hear a peep of protest from those who are the targets of such overt manipulation, designed to feather the nests of management (miners and funds) at the expense of shareholders?
What kind of masochists suffer this abuse? What kind of idiots remain long in any of these miners?