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Re: bobby1231 post# 31400

Wednesday, 08/13/2014 6:40:10 PM

Wednesday, August 13, 2014 6:40:10 PM

Post# of 35713
Ironically it looks like I was selling to...

...CL001 if you subscribe to him who made good point that Orvana selling at around 1.5X EV/EBITDA now. Think it will be about 2X EV/EBITDA at current metals prices when all is said and done. Still out.

Would be happy to rotate money into recent rocket RIC.TO at lower prices which i sold yesterday. Checkmate and I were both emailing each other to discuss when the PR came out that rocketed Richmont higher that day. Think we both managed to buy small positions. Mine was around 1.80 so couldn't resist selling at $2.60.

Perhaps Richmont will get a bit of a retrace and I can rotate back in $2.20s or so.

Was planning to post early last week on this but the successful Q2, consolidating of 100% of mine and H2-14 access to 10g/t ore was the news that could transform Richmont so wasn't any time. Should of looked earlier!

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