Thanks to Adamson, RBY soared to over $6 and I sold all but 2,000 shares. My big mistake was buying back my RBY shares at too high a price because I believed Adamson, but Mr. Market didn't!!!
No, I believe management is so conservative in releasing good news because of the trouble Adamson caused in releasing great news that the British Columbia regulators refused to tolerate.
Pio, if RBY's management wants to prevent a buy out, they should be releasing as much good news as there is to get the price up. Unfortunately, they are not doing so.
RBY is still prevailing over MUX regarding their stock prices. A good case can be made that RBY has excellent management in putting its mine into production and surprisingly in raising money at stock prices much better than its market price. However, RBY's management is weak in getting its message to investors. So I voted against all their stock incentive proposals. Management should invest their own money in RBY stock and some have.
The press release for the loan mentions RBY's 350 square miles of mineral property interests "...in the emerging Long Canyon gold district..." Naturally the RBY web site makes no mention of it!!! Does any one have a link describing this district??? Rocky
RBY #4 on the Kitco best list, and 2 ahead of it sell for under .20, and this performance after 'bad" financing news. Watch out shorts!
Yes, Wolf, the bad financing news is out. I say "bad' only because I would love to own the7%+ loan plus the warrants. But, RBY is going to be a great producing mine PLUS owning Great properties for further development. Rocky
RBY has again gained the upper hand regarding the MUX index. My guess is that RBY will sell at a higher price from now on since the last "bad" financing news has been released. Hopefully for Rob's sake, this will occur despite good performance by MUX because RBY is now a great investment. Rocky
Sewell, I agree- based on management's record, more dilution is a possibility. Based on management's success in getting a price which was good based on the then and subsequent market price, it hasn,t been the end of the world.
Wolf, I explain my "reason" in RBY v.MUX. It has to do with Rob Past and ROB Present. Rob made me a Red Lake fan. But then he left for troubled water, and is paying the price.