Replies to post #1646 on Claude Resources, Inc. (fka CLGRF)

[geodan]

many years ago, so ignorant of it now. But have a principal, buying producing profitable things. RBY was 2 years from production then, lost some on it.

Same for oils, have TUWOY and AOIFF both have great position in new Kenyan field, but Tullow is profitable already and has declined less than African Oil has, in oil drop.

[TMLonggun]

was it the suspension of milling operations at Pheonix gold project or just Lalonde leaving further exposing their poor management?

Both. More because of Lalonde than the delay IMO Why would a production CEO leave a quarter into production? Things are either really bad or L had personal or medical issues. We don't know and it certainly doesn't look good so everyone naturally assumes the worst. There is also a third skew, most Rubicon shareholders want concrete production numbers that prove the deposit is as rich as first outlined. The BCSC made them redo their 43-101 years ago to show substantially less gold, even though the gold in reality is very likely to be there. Production will prove it but we are still in that bumpy start up phase before commercial production commences. Everyone wants good news while Ruby recently just delivers 3ds - delays, dilution, and disappointment. Like Claude Rubicon must first earn profits otherwise it is unattractive as an investment. Rubicon is not a "strong miner" - yet. They will get there eventually.

Rubicon also did not promptly inform shareholders of government notice and of imminent mill shutdown. Not a good sign.