come on people. the charade has lasted longer than expected but...

come on people. the charade has lasted longer than expected but the end is near.

ask any investor who hasn't heard of rau if they would invest in a company with a mc under 10mil that needs to raise 140mil for a gold mine with a resource of 1mil oz at 1.1g/t in the mountains of socialist bolivia.

you dont even have to raise the facts of the government nationalising some mineral assets or that rau have failed to bring any of their projects even close to development.

remember the days when the share price was 29000% higher than it is today. they had about 100mil shares on issue. think of the amount of cash thats been raised by issuing another 2bil shares. they have sold all their other tenements and managed to drill a few dozen holes to help prove up the pre existing resource. these guys have had more trips to north and south america than they've drilled holes.

where has all the money raised gone?

the way the company has portrayed any dealings with any group, be it local communities or the photo op's with the government should all be taken as part of the charade. go back thru their announcements over recent years and tell me where they have ever achieved what they forecast. they have no credibility and i dont understand why people continue to accept what they tell you.

unfortunately some have done their dough on this dog but the warning signs have been there for years. hope you make it back elsewhere