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JustForFun7

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JustForFun7

Re: None

Wednesday, 10/07/2015 4:41:55 PM

Wednesday, October 07, 2015 4:41:55 PM

Post# of 35708
RMX.to / RBY

anybody buying this sharp drop?
- mill shut down due to water issues
- CEO let go and replaced by a director
- concern that financing will be needed to see them thru to commercial production

Water issues will cost them 2-10 million to resolve (rumor mill by analysts).
possible that there are other undisclosed issues
water issues will take few weeks to fix (have been remedying them since September when issue was first brought up).

Bought a trading position for the short term. 40% drop seems overdone. Anybody else look at this?

JFF7

It's better to be out wishing you were in than in wishing you were out.

"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes

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