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All this is good news for existing stock holders.

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Handyman4545   Saturday, 12/10/16 07:52:19 PM
Re: None
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All this is good news for existing stock holders.

We're not dealing only with Rubicon's promise, we're dealing with the informal endorsement of CPPIB and Royal Gold because neither of them would reduce or amend their cash investment in Rubicon for a stake in the company shares if they didn't have faith that there is gold to be mined and that Rubicon can pull it out.
Nor would they reduce or amend their cash investment in Rubicon if they thought the company couldn't make good on its initial promise to them without a little easement.

That Rubicon didn't throw in the towel and reorganize also shows a regard to some degree, for its initial investors.

For what it's worth, I currently have enough faith in the company management and their field ops to deliver on their initial promise of production and baring market interference (gold pricing) I believe firmly that Rubicon will deliver.

I'll hold their stock and possibly even buy more.

BUT... That's my OPINION and I've been wrong before.

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