RIVERSIDE RESOURCES
Good morning gang, anyone here follow Riverside? Largest rise today in years, anyone know what’s going on with them? Thanks
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Don’t bother. Plunger owns all of it. 🙂
Not all …… I have 300 K …..
Look at the chart. This is a regular occurrence, no reason, just trading in and out. It goes up, then usually crashes the next day, but now it’s in an upward arch that is maintaining, so chances are it will continue in it’s upward trajectory. I got in at .12 because of Plunger’s excitement over the stock. At .12 I figured I could go wrong. Every time I think of selling, it does what it did today. Weird stock, strange company. They are a prospect generator, finding properties for others to develop. Those miners usually do better than Riverside, so, like I said, it’s weird, at least for me. I’ll just hold until they reach a dollar, which I have no doubt they’ll do in a year or two, if even that, then I will sell.
While I’m here, BTG is starting to make its move, unfortunately on little volume. I’ve bought and sold this miner for excellent profits, and recently Rick Rule said it was one of his favorite miners. Look up what he had to say about them. They are undervalued compared to most in their range of production. They front run any potential problems in Mali, a bad jurisdiction, which is why they’re so undervalued. They have other mines though in better places. Once it takes off it will go to $6 again with no problem. $8 is the upside target. Once it gets to $6, I’ll probably sell again because of where they are and then wait again for another entry. With the way gold is going, we’ll probably never see this current price again though. If they get embroiled in domestic disturbances, then all bets are off.
Trying to find some news.. Nothing yet although Union is supposed to be releasing drill results which is a Riverside Property….
I was in on the recent financing along with Rick Rule. It was Rick who went to John-Mark and asked to issue more shares as he wanted to increase his position