While what you are saying is true, I am quite sure in the early stages Goldcorp was somewhat in the same situation as Rby is now. They have no always diluted to by producing properties. Either way, the fact remains that they grew the company and in order to grow the company it took some dilution to do it. The main thing is to avoid debt which strangles the company and hinders growth.
Goldcorps acquistions were for producing properties. With income generation. MUX has just done a combination to support mine development. No dilution of the shares. We should have got the money from Franko Nevada for a percentage of future mine production.
Yes, we all know that the Greece situation has been up and down now for a month or so. One day things look better and the next it looks like the default will take place. You could be right and it may get smoothed over. But if it does not then certainly gold will not be the place to be. That is just one more case of wishful thinking.
Really what Bonanza is saying isn't so blasphemous. Back in Dec I sold 25% of my RBY ( don't crucify me please) and bought UXG. Since then RBY is up 20% and UXG up 90%. Now the question is: Should I move those $ back into RBY. My answer is not yet. Think I will wait another 2-3 months and evaluate again.
Have been in RBY for over 4 years. Love the potential but the last 2 years there has been very little appreciation.