I have observed off and on the seemingly constant negative posts on this thread, and it has always been good for a chuckle. First, it was contended that RYO by now would be in bankruptcy, well it is not - then it was contended RYO would never get a loan to complete Kemess, and it did - then it was contended that Kemess would never be a viable producer because of hard ore, used equipment, adverse claims etc., well it appears it is, - its stock would collapse relative to its peers, and it has not - and now it will never be able to pay its debts to a sophisticated financier who lent RYO money notwithstanding unfavorable market conditions and being well aware of the risks because of an unstated desire to claim the lousy producing mine for itself.
It does not take an expert to figure RYO is a call on gold. If gold rises nicely the stock being deeply leveraged should do very well - but if gold and copper stay at these levels or go lower for an extended time, RYO will most likely not make it, which it itself impliedly admits. The well-publicized negatives should already be discounted by the market and are included in the price. Thus all of this continued heehawing is much ado about nothing.
It is not my intent to be rude but merely give some balance to the thread.
Vieserre |
