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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@stocklor@RocketRed, $RMX bought some before, just in case this news came. Will buy more on the 22nd. Tagged George on two other plays that I made out good on. Buy the jockey, not the horse. Good clean up man, Scottish blood ya' know
@stocklor@RocketRed, don't remind me 62-1;-) Looking forward to the re-build. GO knows where to find the $$ over seas. I'm betting I know who he finds on this side of the pond. Like my few other turd exchange plays....we see (wonder if she trades in the 600's this week, looks like it). That's why I don't own many plays, the Exchange that's going nowhere $RMX
@stocklor@Allan, $RMX, I don't blame her. Bad news. I remember walking into their office with my key GEO and meeting with the CEO, when they were in their prime.. Within 10 mins he was kicking me under the table, telling DA we had to go and plug a quarter in the meter. Well, you know how I'm not shy about shorting shyte.....and now I'm buying it long. Crazy biz
@nlepanIn a note to clients today, TD Securities analyst Daniel Earle announced that he will be resuming coverage of Rubicon Minerals $RMX after the company has completed a restructuring transaction. TD Securities concludes Rubicon is in possession of an underground gold mine, mill and associated infrastructure in a premier mining jurisdiction. With a competent management team and financing for its immediate plans in place, the stock could re-rate as the company rebuilds confidence and moves the project forward. TD is upgrading its recommendation to SPECULATIVE BUY (from Hold) and increasing its target price to $4.00 (from $0.35). $RMX is currently trading at $1.88 before market open. #Research
@lukejackson"But you know the street. We have to be careful here when we put out results... it would be very easy with the right external environment and positive momentum in the gold price for people to put one and one together and end up with five, and suddenly think that there’s a mine there tomorrow. We have incredibly good holes drilled historically yet if you believe the 2016 global resource, there are only 400,000 ounces." George Ogilvie on how the market can out pace itself when it sees compelling drill results (new CEO of $RMX). http://www.northernminer.com/news/can-rubicons-phoenix-rise/1003783560/
@lukejacksonYou’ve got a company now that has got an asset where there’s $770 million of sunk costs. Now, $200-plus million of that would have been in the drill bit. But there’s $300 million-$350 million there today in hard tangible assets, so you’ve got a 720-metre-deep shaft, there’s a hoisting system, there’s a mill capable of 1,800 metric tonnes per day, but it’s permitted only for 1,250 tonnes per day at present, you’ve got a tailings impoundment area, you’ve got 9,000 metres of underground development $RMX
@lukejackson53 million shares issued, 3 million stock options, so 56–57 million issued fully diluted, $27 million cash in the bank, $12 million of long-term debt, but that only needs to be repaid on the first of December, 2020...you have got a company here now that essentially is a mine that’s 95% built but is lacking the ore body. $RMX
@TedIt appears that Rubicon is now backtracking on the original mine plan with a drill program which will be probing the existing ore body model along a new "reoriented" azimuth trace....In other words, the original mine plan is now technically defunct, and is being approached again from scratch......In other further words, the retail investor could be in serious trouble with a potential outcome similar in scope to that which transpired in Brazil with Colossus. Given that we can reasonably calculate that the current funds which were raised in an attempt to proliferate the mine development resurrection are already knowingly insufficient, has this play already being set up in the cross-hairs of its sale to the institutional realms....The gradual price decline since the roll back is not a good sign.
@BruceWayneThe time machine is pretty fun to use to go back to big days in the market over the lst couple years. $NXE maiden resource, $RMX warning signs and implosion, the gold bull market heating up etc etc. Great work by @Murat and team
@Stargate2The majors are listening, which is the reason why our modeling will be followed up by Goldcorp....Rowan "could" have more significant returns come back if they drill the drag fold arm parallel to structure instead of only down-dip, as is the present case. The Rubicon F2 Zone failed to produce due to not following this approach which was as well recommended by SRK...... $RLG$RMX