posted on
Mar 11, 2008 02:07PM

Rainy River Resources
NI 43-101 Resources of 3.42M oz. Au Indicated and 3.17M oz. Au Inferred (Feb. 2011)

Message: Halt
Good for you, we will all have to wait patiently, I don't likewhats happening to the SP, but in the long run it really doesn't matter, Rainy has the goods, a lot of other juniors haven't.
I agree. Patience is the key with this one. Kind of like watching paint dry, but that's how it goes sometimes. RR is near the bottom of its current range so I may buy a little more. The closest comparison I can make is Virginia Gold, although I don't think we'll get taken out in a panic the way Virginia was. Market's changed a bit since then. Show me the gold seems to be the order of the day. Keep on drilling, prove up the resource, eventually we'll find a buyer. I have time. I can wait.
I see you are still in ARU, it was my first junior 2 years ago,sold it during the SP decline with the election of Correa.
I'm as close to an investor as you'll find in this game. If the gold is there, I'll stay to the end. I rarely buy unproven juniors - Aurelian was an exception because of the unique story - a very prospective area opening up to modern exploration for the first time. You don't find that too often. I still think you can buy ARU here - I just don't have the money to add. Gotta stick to my discipline - I already broke one rule by going big. That falls under the rubric of "know when to break the rules" but you can only do that in rare cases. If you're constantly breaking your own rules, well, what point is having them in the first place?
ebear
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