Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Al Collard who wrote (3929)	9/29/2001 12:16:47 PM
From: marcos	of 11802

Hey hey ... well we can't know what this means exactly, but if they're 'continuing to work with' RCF i'd say that was a healthy sign .... russwinter has been following closely and his links here explain well the situation - Message 16431183 The part about RCF taking only 9.9% to avoid the onerous reporting requirements for insiders, there's logic in this ... of course they must be protected against loss, and they're in a powerful position for negotiation ... still, VdR is a quality mine, and the immediate cash flow imbalance has not been all that great - it would have been a much different story if the leach had just come a little faster from the start, and the new pad should be correcting that now ... more than half of the fresh cash i was able to bring back into the market in the last weeks went to Geomaque, so this better work out, got my toes crossed hoping that RCF wants a long-term future in mining finance .... cheers

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