You know its grim when PIO throws in the towel. Actually, he has been the best contra indicator possible. Perhaps people should be buying. Still, sort of wimpy of him to just run away from this board after he's been pumping this stock for the past four years straight.
Who liquidated their position in RBY today? Who bought? Who sat still? I did the latter
Every time this company releases news, the stock goes down. I knew something seemed off when Mike spoke at the Denver conference. Wish I had acted on my intuition. Again, this management team is/was pathetic.
And today RBY is trailing GDXJ by close to 5% - when will you realize that management screwed the pooch on this one.
Yeah, that's why you hold RBY. To match the returns on gold . . . ha ha ha . . .too funny. That's weird though because if you are trying to match the return on gold, you've picked a horrible vehicle. I don't think gold is down 85% over the past 4 years.
But can someone please remind me of the last time RBY shareholders were awaiting news and that news actually came in better then expected and there was a corresponding strong move to the upside that was not immediately sold off. I remember when the Peter George report was released, that sure was a positive and the stock took off. Since hen, I can't recall a single time the news was a real catalyst to higher prices. It's almost always been a non event or caused a sell off in price. Something to keep in mind as we await October's supposedly flurry of news . . .
Believe Lalonde's comment was not a mere off-the-cuff statement, but rather a purposeful statement based on observable facts at the mine site. Question is, what will the share price be when it is announced that the head grade for the 20K sample is between 7 and 8 gpt? Will we see new lows in the 50 - 60 cent range? Lower?
I guess it is representative of the fact that almost every thing about this project has come in to the downside of expectations - initial bulk sample, revised PEA, time to production, cost to production. There was a time when investors thought this was going to be a 'gold mine', but expectations have been seriously dampened. I, for one, will not be surprised if the head grade from the 20K tonnes disappoints. Its been the trend for quite sometime. I know gold price is depressed and sentiment is putrid in the industry, but 0.75 cents . . . .
You're right, I mean according to the PEA the first year if commercial mining was to be 2014, and we know how well that worked out. You have been on these boards for quite a long time stating that this management team is adopting an under promise over deliver mantra. It's nearing the end of 2015 and I can't think of a single time these guys over delivered yet.
Well, I provided you a source after your so snidely remarked, "Additionally, I don't know how often settlement with RG occurs and I don't think you do either". Your pretentiousness has become commonplace, so I was not surprised, but I only hope, for your sake, that your confidence in Phoenix is more well founded than your (false) confidence in this statement. Anyhow, you still think it is okay that Mgmt keeps shareholders in the dark regarding these items when they are clearly mandated to report them to Royal?
Below is from the Definitions section of the Royal Agreement.
“Monthly Production Report” means, for each calendar month, a written report with
respect to the Project prepared by Seller or any of its Affiliates, to manage the Project and
communicate to Project managers and corporate officers (without redaction), which shall
include at a minimum the items set forth below, together with such other materials and
information as Purchaser may reasonably request:
(i) a summary of the types, tonnes or tons and gold grade of Minerals mined from the
Project during such month;
(ii) types, tonnes or tons of gold grade of any Minerals stockpiled;
(iii) for any processing plant operated by Seller or an Affiliate of Seller related to the
Project or Reference Gold, a summary of the types, tonnes or tons and gold grade
of processed Minerals, recoveries for gold, and all metallurgical material and gold
(iv) for any processing plant operated by Seller or an Affiliate of Seller related to the
Project or Reference Gold, the number of ounces of Reference Gold in Minerals
processed during such month, but not delivered to an Offtaker by the end of such
(v) a summary of any Lot(s) delivered to Offtakers during such month, showing the
calculation of, among other things, Reference Gold amounts and Offtake
Payments received during such month;
(vi) a summary of any Reference Gold placed into Seller’s or any of its Affiliate’s
inventory, including the form of such Reference Gold, the amount of ounces
placed into inventory, and the date that each ounce was placed into inventory;
Why the company can't simply tell shareholders/market how much gold has been poured to date and the number of tons mined? They are providing this info to Royal per the agreement.
What a piece of garbage this stock is. I wonder if it is more of the same on Monday - Management getting uo on stage blabbing blabbing blabbing - no results, no grade, no updates - pathetic.