RNC Gold Inc fka RNC

[amarksp]

C$1.08 is my prediction, tried to pick up a partial position at C$1.13 today (and would try to pick up remainder if it fell below C$1.09) but did not get filled...

http://www.investorshub.com/boards/read_msg.asp?message_id=5627006&txt2find=rnc

FWIW, the PP apparently did not close today, should close tomorrow. We'll see. This is the news that likely caused the meltdown today:
"For the first quarter ended March 31, 2005, RNC expects consolidated gold sales of approximately 16,000 ounces. Higher than expected dilution at Hemco and lower than anticipated equipment availability caused by a lack of working capital at La Libertad have resulted in a first quarter production shortfall. The Company anticipates these issues to be substantially resolved and expects to return to budgeted production in the second quarter of 2005."

I reiterate, the primary driver to RNC stock price is their acquiring San Andreas/Honduras mine on terms outlined. This acquisition (on which RNC has right of first refusal) as outlined will be significantly accretive to EPS and cash flow.

The exploration possibility is another potential positive, but more meaningful to others than to me. I just want San Andreas deal done on terms outlined (i.e. 5M shares plus assumption of bank debt).