That's a stupid title mate ......because in this game , the volatility , risks , and benefits really do favor the knowledgeable and those who had positioned themselves for this trade ages ago - and who see the results as a further ' Buying ' opportunity.
Like for instance, the fact that the 1.01 g /t from 58 meters has an increase of 60% over the next 10 meters of Depth , and a Whopping 135% increase over the next 3 meters from 65 meters. Wonder what this is telling us about the potential Geology. Perhaps one should compare it to the ' Nearology ' of similar large finds and ownership from the likes of NST .....and other activities which have been recently happening in the area.
Even the second bulleted results would indicate the showings increase 34% for the 6 meters from 111 meters depth with the THIRD results indicating a similar 35% increase over 3 meters or less than 1% increase in depth.
All of these results of course coming off the back of previous and similar trending results from 2018 .
Just the fact that there is so much ' under explored ' Geology in the Yandal East belt which is ONLY 20 - 30 kilometers to the east of Yandal West and NST which extends a MASSIVE 60 kilometers North - South strike , and well beyond the Millrose deposit says it ALL about the speculative upside and leverage to this Play.
And after all isn't that the reason as to why we ( investors ) do what we do , by investing in these highly leveraged , and highly speculative plays. So obviously the smart money will not be scared off by your silly comments which are clearly designed to induce fear into the ' uneducated ' investor's who generally go to great lengths to calculate their risk weightings on these moves.
Yes the stock collapsed significantly on the news yesterday , but as someone has already mentioned the Market tends to ' over react ' to these sorts of events and hence the opportunities created.
I have a very large holding as well , but in fact I am not even at a loss if it had closed on .004. So I make no apologies for running the rule over the probabilities that yesterday's news had a higher likelihood of a more positive landing And after weighing it up , I still think it does. And I don't call that ramping.
All that has been accomplished as far as I am concerned in yesterday's move is that the Register just got a whole lot tighter for the Insiders and the Large holders. Time will tell , and I have plenty of that to spare on this trade.
RNX was ' Cheap ' back when I bought in .......so I would suggest it is still cheap now .....perhaps even cheaper when you weigh it against the the potential Gold Tenements holdings of Others........ So no real lesson there my friend .....
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