rowscoe I would agree with all that. I would have no doubt that MK has done the best he can in the situation. He has had no way of controlling the way this company,s MC has been grossly inflated beyond all reason. It all came about becuase of the SFR phenomenon. Lots bought in on the nearology factor who obviously had no idea on how difficult it is to find deposits on this scale. Instead of taking profits along the way, they held on thinking he was some sort of magician who would do another SFR. I mean this thing got to $1.60 last year, i.e a MC of $200m!. Thats ridiculous. Anyone who follows the microcaps knows what bargins are out there atm. I can name several small oufits with as good as or better ground than RNI's trading with MC's of $10-$20m. Now that a couple of the better looking targets have been drilled, he is trying to derisk things for investors by the acquisition. And the guy is no fool. He knows both gold and diamonds, what is and isnt good turf, and how to get an operation up and going. If you bought in at a stupidly inflated MC, it is your laziness and greed that is the problem. Not management.
AUR Price at posting:
55.6¢ Sentiment: None Disclosure: Not Held
