Dr Air LOL! RIC Heres how it happened. You enlightened me to the story of RIC Richmont Mines, a then mediocre company I'd hardly known anything about, I did about 30 minutes of research, put the numbers together and immediately bought the shares before even finishing the research. I knew I would at least get a pop out of the news. I almost never buy that fast.
I followed up with deeper research, and as always, I'm looking for the holes in the story. It was Jennifer Aitken, the company IR spokes woman who set me straight. I was expecting a continued shot up in everything, as they got the island gold expansion going. I was expecting 150k production next year and up from there. She enlightened me on the 2014 H2 numbers going down, and the fact that the Island Gold project would take much more time than I was thinking.
I appreciated her honesty and openess (new word) and she impressed as one of the better IR persons Ive spoken with.
In the name of getting balanced real information on the board, I posted the negative points as well as the bright future and would do so even owning the stock. Sometimes I broaden my posts with information for new people here, knowing you know most of this stuff anyways.
Simply put, I think there is some time to buy the shares, before we see another substantial run up in price. My call to Jennifer prompted me to take my dollar per share profit, thanks to you :) and re access the situation. The only thing different thats happened since my call, was they have fast tracked Island Gold and obtained the new CEO.
Do yourself a favor, Give Jennifer a call.
Hope I helped someone here.
Checkmate28
AI
