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Richmont Mines Inc. Message Board

  • imonwedc_now imonwedc_now Jan 21, 2011 5:34 PM Flag

    Were the results "leaked"?

    the crushing fall
    $5.30 to $4.40
    Then the next day we magically hear from
    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!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Were the new bad to justify a 20% drop ??

      I don't think so , The fund who dump has no idea of the new IMO

      You can critic RIC on many point, but be sure they are very clean.

      • 1 Reply to miche1a
      • 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.

    • 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.

    • 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?


9.63+0.06(+0.63%)Oct 21 4:02 PMEDT