most gold commentators and investors have a minimum requirement of 2mil oz's @ 2gt. rau doesn't cut it.
add to that they dont have the permits to mine in bolivia and they have consistently pushed their time frames out. so far these are facts.
then there is everyone elses position depending on their view of whether they believe what jk is telling them or whether they think he is a spin doctor travelling around the countryside on your money.
i dont care what the rau faithful say,the fact is jk has delivered zip.
gold needs to be above $2000 min before their 1.5gt mine in a politically suspect country would even be remotely looked at by any investors.
YES i know jk has mentioned he has been talkin with investors and financiers and chinese investors. yes i've been bringing this up for 2yrs now but nobody has put a name to any of these investors.
we are about to go into politically and financially suspect times, and if you remember last time this happened gaining finance was near impossible. and dont tell me that people will be lining up to finance a gold mine, when last time around the most promising prospects were nearly sent to the wall, and they were far far far far better companies than this money sucking leech.
no doubt sentia will come riding in on his big trusty stallion to rebuke my comments and leap to the defense of jk,rau and all that is good in the socialistic republic of bolivia. coincidentally sentia started posting on hc around the time that rau was in its euphoric spike from a 20mil mc to a 200mil mc on the back of jk spruiking a project that he offered 14mil for on terms the vendor rejected and eventually accepted an offer for less than 25% of rau's offer. what the terms were we dont know because as mere ants we weren't privy to.
as has been said endlessly by rau faithful, it takes 2 to tango. there must be some reason the vendor took the ugly geek in the corner instead of the smooth talking stud with $50 bills sticking out his ears.
once again we are in the lead up to expiring options which no doubt all being normal we will see a spike in price and a possible exit point for some of the long suffering holders who got sucked in from hype here and elsewhere(mostly here). look at the volume and there is enough posters here for the day to day trades.
if you think gold is going beyond $2000 then rau may offer something. but so do a lot of other gold stocks.
i've followed rau longer than most(not all)here. its a trading stock that will amount to zip in the long run in my opinion. but it will probably give you a chance to get out when volume increases. if not you will probably have to wait for the next cap raising(of course there will be free attaching options).
of cause i'm a cynic because history is on my side.
for those that got in 18mths ago they were told that fnq and bolivia would be up and running by now.
jk releases an ann saying that timelines have been pushed back a year but they are talkin to financiers and everyone thinks this is good. WAKE UP
its simple. GO BACK THRU THEIR ANNOUNCEMENTS FROM THE LAST 3 YEARS AND MAKE UP YOUR OWN MIND ON WHAT THEY PROJECTED AND WHAT THEY PRODUCED.
what i really wanted to say is WOOF WOOF. but i'd get censored for that so you got drunken ramblings instead.
ahhh
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