"New CFO came with tremendous knowledge and has done a great job getting project fully funded. "
I think going forward it would be wise to remember this. Certainly this remains to be seen. We have been down this road before.
Again you prove you are incapable of reading. I said it was not as often as some of the others. First you indicated it the first time you had seen it, now you back off and use the word rarely. Which is it? I only expect you to be able to answer this comment if someone reads it to you, which may not happen. Once again I watch that page several times a day and I have indeed seen JPM trade. I have also seen Raymond James trade and that too is not so often. So do not tell me what I have seen until you can prove me wrong.
Who said they did not understand. You are another jerk that does not even know what debt really is. If you did then you could see the harm this will do. I think they may have enough trouble turning a profit as it is without this sort of arrangement hanging over their heads.
Certainly it was a bad deal. In fact with proper management would not have been necessary and I am not all that certain that we have seen the end of their blunders. As bad as any kind of debt is for a young developing company, the normal type of debt would have been far superior to this never ending debt. A reasonable person can not realistically see this as a good arrangement. I am not all that sure this management can see far enough ahead to see the real harm this has done.
Yes they sure did and they expect to be well rewarded for that donation at the expense of Rby shareholders. They did not give them anything.
You really are much more stupid than I realized. Each day the site clears that days actions in preparing the next days actions. In fact you can not even see the activity for more that the latest few minutes. When I pull that page up for yesterday it shows trades from 3:51 to 4:00 pm. I can assure you that 222 is the number that JPM comes under and I have seen it before but certainly not as often as I have seen National Bank Financial or CIBC World Markets. Now could you please point to the evidence that might support that they have not traded before on the TSX?
Well I have watched that movement fairly regularly and have seen JPM buy shares of Rby many times before but not near the end of the day. I suspect after buying that many shares at the daily high they will likely get plenty of chances to buy at $1.09 on Monday.
Perhaps there is quite a bit to hide. This management will not bring out the next batch of bad news until it finds it totally necessary. Perhaps production is not approaching too soon.
I am sure he is not swift enough to figure that one out. I owned AXU and got out when they made that deal. They could have issued stock for $50 million at the time and they went for a streaming deal. That will be something they will regret forever. So now that use to be $9.00 stock is changing hands for less than $.50 and may be overpriced at that. They only loss $47 million as recently as 2013.
Nobody said that it necessarily measn problems. But in so many cases it does. It amounts to a give away. Just take a look at the various companies that have done so and see how many are making money. Of course it would take someone more alert than you will ever be to able make that distinction. You are so narrow minded and think you know it all and generally prove to know nothing about what you are talking about. And for that matter I am sure you do not know how the Osisko deal will turn out. Sometimes it takes a little time to see the downside.
I suppose if gold was trading hands for $1800 an ounce this streaming deal, while still very costly would not seem so serious. However gold is struggling to remain above $1200 and there would be little profit should they start producing with gold at these prices and that would be reduced even more by this streaming deal.
I am not sure that those serving with the CEO as Directors are any better than he is. I am beginning to think maybe GG helped him out the door. I am sure they can not be missing him. I think he has pulled blunder after blunder since arriving. AXU ( a silver miner) did a streaming deal a couple years ago for $50 million and they have performed poorly since. There has got to be better ways to do it. But like somebody said, it allows management to buy some time and keep on getting their fat salaries for a bit longer. How much longer is anyone's guess. Should they ever really go into mining some gold we will then see just how bad this deal is.
Any sophisticated individual would be concerned about educated folks. We can not help your situation. You can expect to be educated so do not let it bother you. You have been this way far too long. Get use to it.
It seems to me that the latest CEO that came over from GG made this deal. I think the results of the deal falls on his back. Not to mention it seems to fit right in with the kind of incompetent things he is use to doing. The worse part about this is that if Rby had been producing gold a long time ago even at a reduced rate they could have used their own cash flow and could have avoided this deal totally. If this miner is to ever amount to anything it will require a takeover and new handles making the decisions.
The people running Rby do not care about stockholders. This is made clear each day. This we see when they keep us so much in the dark. Any decent CEO and his staff would keep shareholders informed of what is going on. They want their benefits and more and more money and the heck with those that supply the funds. I guess Lalonde did this deal. He has been the one that has done the most damage in my view and it never stops.