The same consortium that was selling shares above $3 -- and whose masters will soon acquire Rubicon's assets -- are now quietly amassing those same shares at $2.88. It's a simple process that's been played over and over for years (since McEwen supposedly "sold" his 46M shares). What a sad joke to play on honest investors. JMO as always but one needs only to watch daily trading for a few days to see evidence of this heavy-handed manipulation of the share price. Still a strong buy at these bargain basement prices. Good luck to the faithful :)
If you look at RBY and GDXJ overlaid on the same chart, you see that, for the most part, as RBY moves so does GDXJ and vice versa. Very tightly correlated.
If I've got the logic of the situation correct, either BOTH RBY and GDXJ are being manipulated in the same way at the same time or ... neither is being manipulated and it's just the market doing what it does.
I think the latter conclusion is far, far more likely than the former.
Sewells -- Maybe that's the Master Plan...to closely correlate RBY's s/p with that of the GDXJ. But is Rubicon's value worth the same (percentagewise) as the composite price all stocks listed within the GDXJ. Is Rubicon really only worth the "average" of all those stocks? I think not. Easy to manipulate our share price down if the GDXJ is our model.
GMM -- You and others here would have a better guess than me. We could be close however when (if) a new resource estimate is announced. But if no substantive news prior to production, we may have to wait till then. JMO it's anyone's guess.