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Rubicon Minerals Corporation Message Board

  • stock_canines stock_canines Sep 17, 2010 11:45 AM Flag

    How Else Can the Market Read This?

    The great debate surrounding RBY over the past year is, is this a 3 million oz deposit (3 - 4 dollars) or a 10+ million deposit (10 - 12 dollars)? If Rob McEwen, one of the most respected and acknowledged gold and PM investors out there, sells 45 million shares at 4 dollars, what do you think the market is going to think? What side of the debate is Rob telling you is accurate? I just fail to see why he would sell now if over the next 6 months (a blip on the clock) we were going to learn something that dramatically alters the markets perception of this find. Management wants to sell, but Rob doesn't want to, so he unloads his shares at a price that the stock was trading at a year ago. Doesn't make sense to me. I think this is a sign to unload part of my position. I think RBY will be dead money for many months. We'll see. I hope I am wrong, but this does not make sense to me.

    Last night, when reading all the post late into the evening, I thought that if it was announced that a specific buyer was taking Rob's shares at a nice premium to todays trading price, that would instill great confidence in my position in this company. I also thought, if the world's most recognizable PM investor unloads his shares with no known buyer at a price that is less than todays market price, I am selling as well.

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RBY
1.56+0.12(+8.33%)Jul 11 4:00 PMEDT

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