1.02 so close I can taste it. I don't think first pour will do much for price (how many past theoretical catalysts came and went with little impact to price). Price will not move until grade is better understood. According to PEA stock is fairly priced especially with uncertainty in gold price. Increasing shorts suggest perhaps grade will come in even lower than PEA; anyone thought of that. I see price remaining weak through summer and later this year perhaps an upside surprise in grade and some movement finally in share price.
What are you talking about? We got news and lots of it. You know, electricity agreement, we're all invited to the AGM, and they are on target, on budget. What more could shareholders ask for . . . ha ha ha
The stock is a 1.10 only months away from production. How is it all good? I still find it alarming that no takeover attempts have emerged given the low price. Makes you wonder what folks in the industry see that people on this board fail ro recognize. I think Sewells has it right. Keep cost basis below a $1, and one should make money here.
They have never released any news that I can recall on the day of the AGM (except for that bungled bulk sample). Perhaps they will release news a few days prior to. They are increasing their news flow, but it is boring operational updates that does nothing to raise the profile of the stock or the appetite of potential investors.
Does anyone else find it strange that the company has still not released any drill results? We have seen no results since January 7 although they have completed tend of millions of dollars of drilling. Odd.
Ready and waiting - gold will be weak for the remainder of the week (ha), so tomorrow or Thursday could possibly get us there.
People have been writing that on these boards for 7 years and counting. GG will not make a bid for RBY unless another company makes an initial offer. Don't see it happening.
That is not good news Rocky - seems like market is not going to buy into RBY until grade is known - I imagine a few more months hanging around these price levels.
July 5, 2103, RBY was 1.14 per share . . . May 15, 2015, RBY is 1.14 per share. Gold price on July 5, 2013, $1223. Gold price on May 15, 2013, $1226. Nice job boys. Of course, shares outstanding has increased tremendously since summer of 2013, so enterprise value has increased, but not to the benefit of any long term shareholders. Once again, nice job boys. Adding zero value to shareholders since day 1.
The good thing is the warrants are issued to Canada Pension Plan Investment Board who are quite conservative and less likely to trade/hedge then if they were issued to a hedge fund or some other investment group.