For those who think any non-positive objective comments from this board scare off investors, think again, this board has little or nothing to do with the share price at all. If or when this stock gets popular or in a positive light again, institutions will move the stock regardless of any chatter on this board. The average daily volume according to Yahoo is 1.9 million shares per day and I would bet very little of this average daily volume is associated with retail investors.
RBY has also made several to many mistakes, so if someone points them or has trepidation in investing going forward, it's warranted to a certain degree.
pio, it's okay that you use multiple aliases, we don't mind, it actually adds to the board. And yes, I'm still an objective contributor and when, or if the time is right, when I believe management cannot cause anymore damage, I will jump back into rby.
Also Jazen, Could you also be so kind as to have another contest at some point and time that better accommodates pio and aliases. A contest sometime during 2015 where there is no metal, market or oil manipulation. Thanks
Jazen, I'm sure you'll run a fair contest, so to be very fair to pio, I assume you will allow zoolish, bufford, powers, heavyfatboy and tickleturd to also enter the contest giving pio fair odds with all of his aliases. Thanks in advance from another fair contest manager.
I owned MSFT quiite some time ago, it never went anywhere and recently pulled down the tech's the day before AAPL's earnings. I'm not all that familiar with their revenue stream nowadays and do know that when Windows 10 comes out, I believe it will be a free upgrade for most, following the APPL software model. But since it's beaten down it may be reasonable buy, not sure. As stated previously, I've been long on AAPL for a couple of years which has been a nice, but bumpy ride.
The large cap, dividend paying stocks hold up better than others in downturns, while the small cap, riskier stocks do better when the Market initially turns back up. I'm looking for my next trade in small caps when I have a bit more certainty of what this Market, oil or gold is doing. I'd rather pay more for a stock than trying to time the bottom.
Wolf, That was several weeks ago and if I recall correctly it was Art Cashin saying that's the threshold people on the floor were worried about for the S&P. Art, like any expert or his colleagues, are right about as much as they are wrong. From my perspective, I don't doubt this could be, unfortunately, a healthier pull back, but as mentioned we'll see within the next week or so.
I'm hoping it is a healthy pull back and that's all it is, well over due. The only reason I said it was disappointing is that several of the Street TA guys have been looking at 2,000 as a semi critical threshold number for S&P. I hope you are correct that it was weekend book cleaning, but we'll know a bit more next week. I've been long on some large cap stocks for quite some time and am very content with the returns, but if and when the time is right I will get into small caps and trade gold equities a bit more than I have.
Disappointing that the S&P closed below 2,000, but it's not a sure fire bet that gold is any sort of safe haven. It's been moving the opposite direction of the Market and may continue to do so, but in theory, it's still in a bear market. Regardless of the POG, RBY hasn't been acting all that healthy, as it gets closer to production it should be moving up, but it's really not. Thus far, the Market, POG and oil in 2015 has been very volatile and tough to predict. For the time being I'm playing it conservative.
The answer to this topic will be an interesting one, as to whether it involves additional financing or a construction milestone was missed.
I certainly wasn't expecting someone like you see something that is blatant, kind of like your view on equities. Good luck to you dahdahdahdavid.
Shake Shack, a burger chain, IPO's today. In general, fast food semi healthy restaurants climb fairly well their first year or two and then correct over time. I don't think I would jump in today, but probably safe bet over the next year two for a healthy profit. Chipotle is still doing very well, but others that took off out of the gates and then corrected after a couple of years or so, Boston Market, Krispy Kreme, etc.
If no interest, then absolutely RBY should have taken that last payment as early as possible. In fact they could have collected some interest on it, not much, but some.
All good stuff, remember pio (zoolish, bufford, powers, heavyfatboy, tickleturd) doesn’t want RMX to get $2 before March 12, so the share price must rise slowly, not too fast. Pio sure does have these aliases synchronized, they all show up at once, kind of like Moses choir ladies arriving on time for congregation.
Could be, I'm not a finance guy, but have worked on highly capital intensive projects where dollars associated with interest can be significant.
"The Royal agreement was written so as to align construction benchmarks with the payment stream. If a payment has been delayed for 4 or 5 or 6 months, it would, IMO, suggest RBY's management failed to meet one or more of those benchmarks. Perhaps, mgmt would rather have Royal hold the funds until they 'need' it, but that seems unlikely to me."
If I recall correctly the $75 million is payed to RBY to help finance construction. Perhaps RBY does not need the money as of now, so they probably want to avoid incurring interest on money they don't need at the present time. I'm not saying they won't need this last payment and more once production begins, I think they will need to dip into someone's piggy bank once production begins even with this last payment made.