Since gold has gone up I will change my sediment to hold but still company is weighed down by too many problems, if gold explodes up everything will be fine but if gold stays around current price they are just treading water and assuming their asic goes up $100 every year then next year instead of $50M profit it will be a loss. I recently got back into WAF, Hold Deg as I think it's a similar play like SLV is to silver as to gold and PDI & GBR who are growing their resources. If Gold really becomes monetized again, the gold in the ground will be worth almost like gold in the hand because if gold goes to 100k and the highest gold mining cost per oz is $5000 then those resources are just as valuable as gold instead of being worth $100 currently because mining costs to gold price is not much margin, I am fully invested in gold mining stocks except for one coal stock NHC and I don't think I will sell that to buy RRL I think I would rather buy WMC instead, I do not like the woke management either, I keep looking at RRL but just does not pass my sniff tests.
RRL Price at posting:
$1.97 Sentiment: Hold Disclosure: Not Held
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