Re: RCF buy in.... not good...
posted on
Mar 25, 2012 06:27PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
"These guys will sell their accumilated shares at the earliest opportunity for a quick buck."
I'm having just a bit of difficulty understanding the above statement, B. 'These guys' bought their shares from someone who was willing to sell them at an average of 61 cents. If they turn around and sell them at 1.20 for a quick profit, they are the bad guys who prevent us from ever getting the 5 dollars we are hoping for???
What about the idiots that sold 21 mill shares to them? Do they merit sympathy because RCF ripped them off somehow?
What would you or I do if we had 12 or 13 mil at hand, and could see a double with little effort? Should, or would we abstain because some retailer may not agree with our action?
These guys apparently bought 21 mill shares in the market place. That means there were 21 mill shares available. Perhaps we should be thanking them. If 21 mill shares were thrown out there for sale, and RCF was not there to absorb them, consider where the SP would be today.
Best regards
K