The company acknowledges an act of vadalism has occurred. An attack by a jet looks like it might be a stretch.
NSU has been one of the few stable and solid dividend paying mining companies in the precious metals sector over the past several years. There is no disputing however that Bisha mine exists in a high risk jurisdiction.
Yes, the link is back open on Kitco. The page was unavailble when I tried a coupe of hours ago.
Only a fool would think the difference between a 18% loss and a 13% gain is "meaningless". My guess is that statement displaying that depth of ignorance could only be from the same fool who was pumping HERO a short time back.
He's one of the "fools" I have on ignore.
Great job putting things in their proper perspective Jaze. This is the type of info that the shallow minded pumpers on this board would prefer not to hear. I'm sure they will just continue to plug their ears and sing nursery rhymes.
And how many reversals have we seen like this in the past few years? Fact of the matter is that the POG is still in a long term decline. This reversal will be short lived, same as the one before, and the one before that, and the one before that..................
And the markets respond in a big way as rby languishes below a buck.
The delusional continue to miss out on the greatest run-up in stock market history while the mining industry and companies like rby swirl further down towards the bottom of the toilet. Smart bunch of investors all right. I'm really glad (not) I followed their advice.
This is obviously a production/grade issue. If rby was a potential near term producer with grades running 12 gpt this equity offering would not be necessary.
Ya, if that one week channel turns into a ten minute pincher play, I'm going to be all over this like a fat lady on a milkshake.
So say's the "ultimate" naive rby investor who laps up everything management says like a thirsty dog. With suckers like you, why should management even worry about producing in any kind of timely or cost effective manner?
Let me know when you wake up from your dreams eddie.
I suppose you'll use some of your "special dividend" proceeds to take Kate Upton out on a date, right.
It's posts from like naive investors like these that prove that rby management can continually fool enough people to support their short sighted, self-centered business plans. There is simply no accountability or concern when it comes to promoting the interest of shareholders or building the SP value.
Creatures of this nature don't generally change their color or habits.
"this is going to give some nice news release".
You must a newbie to this company and it's policies. Rby,s motto is no news is good news and the board pumpers eat it up.
When has the management of this company shown any inclination to further shareholder value or present the shareholders with any in-depth details on mine development or financing? This company's (along with many others in the mining industry) business plan appears to be one whose sole purpose is to enrich management and insiders at the expense of shareholders.
More than likely to cover the costs after initial start-up of production. It may take many months, along with a stable POG to reach the point of profitability. In the meantime, they will need additional capital to cover ongoing operating expenses.
Has anyone noticed how easily companies can dupe sch simpleminded naive investors like zoolish.
When not posting his foolishness on the messageboards, he probably spends his time on the Shopping Channel snapping up all those "great deals".