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Strategies & Market Trends : Ride the Tiger with CD
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To: Rocket Red who wrote (261711)9/11/2018 6:31:33 PM
From: cessnastreet1 Recommendation

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Rocket Red

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Got it - RNX has dumped preferred bidder and now pursuing a different strategy.

"As a result of the discovery and related developments, RNC is no longer in exclusive discussions with a preferred bidder for Beta Hunt.

“We’re going to look at all the alternatives in terms of whether we look to raise capital at the mine level, whether we look at spinning it out publicly, whether we look at joint venturing with another mining company – this allows all options to be on the table for us,” he said.

RNC said it is the first owner of the Beta Hunt Mine to focus on deeper drilling in the Lunnon Basalt in its search for gold, and therefore the first owner to discover and mine gold from newly discovered coarse gold located entirely within the Lunnon Basalt."
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