Makes sense and hope you are correct regarding the summer. It won't surprise me if we have a good pull back in the April/May time frame due to earnings unless analysts are currently revising their estimates lower before actual earnings announcements so that their numbers can be met or beat.
It looks as though the Services sector is doing well. Beyond that for all other sectors it's all about earnings and future outlook. The Market has been struggling with it's current highs and I would not be surprised if we see a correction this summer, if not earlier.
After about a week and half on vacation out of the country I've comeback to find the POG has soared from 1,150 to just over 1,200, but RBY is about the same price, maybe a cent or two higher. What's the street missing here, are they too slow to catch on to the high grade? RBY has been stockpiling ore for quite sometime now, shouldn't competent geologist be sampling it so that they can produce some sort of preliminary grade news? Were any stellar drill results released while I was gone? The more I think about the restricted stock units, management has shown shades of genius, not sure I've seen a team lookout for themselves as well as this one has.
Institutions have invested in RBY. How can the company differentiate as to how their actions, POG and Market effected the stock vs. the Yahoo message board. This is getting more ridiculous per post, I'm done with this topic.
No offense, but it appears that you have very little lawsuit experience if any. Secondly, the investor would be complete fool to take the advice or an opinion from a message board without doing their own due diligence. Thirdly, the cost of filing and working through a lawsuit would probably exceed a retailer's damage. And lastly, the first question from the defendants lawyer would be "was your client held at gunpoint to buy the shares". Sorry this is making absolutely no sense and very, very few and even desperate lawyers would even think for a second of taking on a frivolous case such as this.
Almost everything stated on a yahoo message board is subjective, investors basing opinions on past company history, POG trends, macro market factors, etc. Stock_canines has an opinion, you can take it or leave it, Sewells has an opinion, you can take it or leave it.
"If an investor believes the false claims, he or she may sell off the stock at the higher price before it falls. The basher will then purchase the stock and ride out the gains."
Does this work both ways, if someone creates a post and infers false or exaggerated optimism and then the investor buys the stock, does he or she have a legal case if stock falls by 75%?
I recommend that you take a look at several other Yahoo message boards of some major stocks, it makes the RBY board look ultra tame. In addition to that, if you think this board really affects share price, think again. Even RBY IR sometime ago laughed when the Yahoo message board was brought up. I get the feeling they don't pay attention to it, nor do they care about it as deeply as you think they do.
Regardless of the POG, whether it's profitable or not for RBY, I'm sure RG wants them mining ASAP so they can get their 6.3% of annual gold mined at 25% of spot price at time of delivery.
Conversely to the POG, NUGT is up today, while DUST is down. Even GDXJ is up today, almost odd with a falling POG. What this tells me is that sediment could possibly be changing or selling of gold stocks may, just may be bottoming out. Again, it's all about one's tolerance for risk as to whether to dip in now and cost average or wait for a clearer signal, should that time arrive anytime soon or not. Lastly, one day does not make trend, only an observation.
Agreed that the secondary IPO buyers may have legal case based on the timing of secondary vs. when the company began investigating BK as alternative or knew it was going to have begin preparing for Ch 11. I assume their shares are worthless. When I say it could be a buying opportunity, let it settle out for a little bit and it could gap up once or twice before going to zero.
You are probably right about the 10-20 cents, but I've seen a large company in the BK process go down to 25 cents and up to $5 before going to zero. Believe it or not, it could be a short term buying opportunity. The shareholders in this case probably should look for lawyer, it's not like Ch 11 BK happens overnight, a company must prepare for it.
Shares can bounce back once or twice in the Chapter 11 BK process, I've seen it happen before going to zero. Critical debt holders will be paid, non critical debt holders or vendors will get nixed. The very senior portion of the management team will also get replaced, but in general life continues and if they can change their in efficient ways with a cooperative POG or silver, or whatever they mine, they may emerge over time.
I tend to agree, we have not seen their current balance sheet, so hopefully they will not have go out for funding or dilute, we don't know where the POG is going, but it seems to be in steady state bear market since 2011, what if their all-in-cost are not perfectly accurate, they were recently downgraded, market is in a slight correction, etc. It's better buying now than it was at $1.10, maybe buy in portions and cost average and hope they don't delay due to a plummeting POG. It's all about your investment tolerance and risk profile.
Looks like the peaked out in 2011 at $43/share (others were buying equipment during peak prices of gold) and now are at .86 cents, but not all is lost, they filed for Chapter 11 BK, restructuring vs. Chapter 7, liquidation. From my experience the senior management team will be replaced and they will probably receive some sort of debt equity financing and over time they may emerge again at the shareholders expense.
Park, Rather than responding to posts by saying they are garbage, articulate your reply explaining why the post is incorrect. There have been a multitude of hints by good posters over the past couple of weeks, but all responses to them are "garbage, basher, etc." Califmale
PS Mad Money's Cramer is having a week entitled "Leadership" and says it's the single most important aspect of any company that you invest in. Everyday he will have a CEO on from company that is managed very well.
I'm asking RkyMTGeo, I don't think he is an idiot. Like everyone else, I would truly like to understand the downside, especially with the lingering POG out there.
When you say downside is limited are taking into account they need to execute a benefits agreement with the WFN and may have to sell off more or the ranch, put together a revolver or maybe even dilute to operate? At least this is what I recall them saying about operations, they will need more funds, but due to dated balance sheet, it's tough for me to figure where they stand financially.
I should have mentioned that I was talking about the 43-101. I understand that you compared it to Campbell and did your own analysis. I also understand that RM and AEM had a good look at it, as well as RG. Both RM and AEM walked away for the most part while RG put in $75 million for RBY to complete construction with equipment as collateral and a very handsome ROI should they be successful producing. I'm also assuming Zack's did some homework and it wasn't solely based on grade. There are to many other parameters, events and factors mentioned in my previous post that currently far outweigh grade associated with investors being able to get a healthy return on their investment in the near term, with the exception of buyout.