RNC Gold Inc fka RNC

[amarksp]

well, I beg to differ somewhat...

R Martin stated in January that RNC was likely to do a PP, and they did..., so he was telling the truth. You are correct that any talk about "great access" to financial markets certainly did not apply to the March PP. Clearly R Martin wrong in implying any great access given PP results which was NOT a bought deal, rather a Canaccord screw job...

Dilutive financing is subject to debate since this PP has clearly made all those Dec 05 warrants out of the money permanently, and RNC management/insiders had a huge chunk of those warrants which will expire worthless. Net, net the Mar 2005 PP was anti-dilutive given that more warrants will expire worthless than the new shares+1/2 warrants issued...

Jury is still out in regard to RNC hitting cash cost and production targets for 2Q/3Q/4Q as well as R Martin's comments on Bonanza bulk target. Certainly investors do not give much credence to these remarks but I still await the jury verdict via the news releases this next week or two...

Thanks for your comments, the crap has surely been beaten out of us...