Originally posted by colinchi
Jay.
I have stated before.
It is my bitter disappointment with what they have done.
To me they have destroyed my chance to make a lot of money.
Maybe some of it comes from the failure
Of other posters to get their head out of sand and see what has happened.
In my opinion the reason the share price
is $1 and not $3 is very poor decision making.
If what was stated in the 2016 CR was followed. They would have 2 mines already operating at full tilt producing 400k oz
They would have no debt and enough cash
To fund Bibiani.....They could have looked at buying up another asset as well.
Too waste time money and production
To worry about some automated masterpiece doesn't sit right with me.
Another thing is the fact that no time line
Was set from the start of the development
and no costings. How is it possible to say on time and on budget. All the while saying in line with company expectations.
I honestly thought that the sulphide plant would have produced at least 25k oz this
quarter....maybe even 30k
The sulphide plant itself should be humming as it just had maintenance done and improvements made.The company
Stated that improvements had already been shown at the end of last quarter.
Over the last quarter they were to have used stoping ore and some cave ore in December.....These should have been higher grade than the stockpile.
So obviously there is a problem.
For some reason some think things are going to plan...well they are not.
I am sure if RSG get to $2... I will be holding. As I said a year ago something was on the nose. Since then guidance has been missed and $178 million debt added .
I wonder why only Goldbear, Loki and myself could smell it.
Maybe it is because we make money
From investing in gold stocks.
Sorry if there are any spelling mistakes.
Afterall that is the main thing that makes a good post......
Cheers
"It is my bitter disappointment with what they have done.
To me they have destroyed my chance to make a lot of money.
Maybe some of it comes from the failure
Of other posters to get their head out of sand and see what has happened.
In my opinion the reason the share price
is $1 and not $3 is very poor decision making."
No one destroys another's chance to make a lot of money more than ourselves in exercising our discernment and then taking the risk to make decisions. Even if someone lied to us in such a case, this is hardly a justifiable reason to behave as you do on this forum. The tone you come across is one of entitlement and a sense of someone owes you. I do not believe this is the case. The money you made off of others in other stocks, should they hence be bitter towards you because they sold low to you and then you offloaded at higher prices to another who then are left holding the bag in the case that the stock price came down?
I think while your opinions at times are valid and appreciated, the atmosphere you have created in the RSG forum has become quite unpleasant. You have drawn a lot of attention to yourself, a large amount of it being potentially not what you would want since the response to your posts have become increasingly negative and even personal.
While I am in no position to offer much in your case, I want to express that your disappointment is shared by me. I gained what I thought was a pretty handsome profit from RSG from 2014 to mid 2016, and then gave back some 15% of that up to now. I also recommended this company to some of my friends in mid to late 2016 and there are a number of them who are polite about their stagnant results. However, I do not believe I am entitled then to slag off on everything the company does and draw attention to my own views as if they are more valuable than others, especially when they are not in agreement to you. You may end up being right with the outcome, that the company is a dud after investing $250+m into their mines and new technology. However, unless we are able to prove that the management is intently deceptive in what they do, that you being right in your call will not endear you to many. And if the company does turn out to perform well after all the drama, what does that leave you?
At this stage, I think no one here or in the broader community has any reason to believe that the company is engaging in behaviour that would warrant them being condemned and derided at every opportunity. But that is my opinion, happy to hear people present their views.
(20min delay)
