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Gold/Mining/Energy : Rubicon Minerals -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (414)	5/13/2014 10:31:00 AM
From: wolfgangrene	Respond to of 470

I'd like to think it is basing for a nice upside move. Gold needs to hold the 144.

To: Enigma who wrote (414)	5/13/2014 10:35:05 AM
From: The Ox	Respond to of 470

If I may, I think the market is digesting the recent changes and deals. RBY is basically trading at the midway point of the washout lows and the huge pop. It's trying to decide whether or not the moves were short term positives and long term negatives or vice versa. I'll be honest, I've been trying to make the same evaluation and I'm leaning toward long term positives and short term negatives. The costs were high but in the long run could prove to be well spent. I don't think there's much we can know at this time, it will be how the production comes along down the road. Patience should be rewarded, IMO, but the market may be attempting to try the patience of those who've bought in recently at higher prices? Short term, the market is digesting these moves and may think they paid too high a price? I think this view is weighing on the stock, from Wall St. Cheat sheet: Royal Gold is a royalty and streaming company. It makes its money by making payments to mining companies in exchange for the right to receive (or buy at a fixed price) a certain amount of gold. The specifics are arrived at by Royal Gold and the mining company that it is dealing with. For instance, Royal Gold’s most recent deal was to buy the right to purchase 6.3 percent of the gold produced by Rubicon Minerals ( NYSEMKT:RBY) at its Phoenix gold mine at 25 percent of the spot price of gold. It bought this right for $75 million, which will go toward developing the Phoenix mine.