Rye Patch Gold issues Normal Course Issuer Bid
As you can see from this release, Rye Patch management is putting their money where their mouth’s are. To me this says nothing but good things about the Company. – Big Al
Rye Patch Announces Normal Course Issuer Bid
- Advancing the Lincoln Hill project toward production;
- Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
- Seeking new project opportunities and accretive transactions.
The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, please visit our website at www.ryepatchgold.com.
This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
I am with you Wyn. He can’t have mine either.
Agreed. I’ve been a fan of the company for a few years, was rooting for them to win the legal case with Coeur because they did everything right….and they did.
With the Net Smelter Royalty they’ve been doing all the right things with the incoming revenue 1)funding an intense exploration program, 2) acquiring strategic land positions around their existing key properties 3) moving forward on mine development at Lincoln Hill and 4) now they are buying back shares of their own stock.
How many other Jr Miners accomplished that much over last year or so?? Very few cash-starved Jrs have done much of anything, as most just got de-listed in the last few months, or they are zombie shells waiting to be delisted. Even many of the good projects are starved of cash to move things forward, so they are just treading water and burning through cash. If they were luck enough to raise finances in this brutal bear market, then they diluted the snot out of the existing shareholders. Rye Patch is doing all this good work without diluting their shareholders, so that makes them a diamond in the rough. Eventually the marketplace will take notice and they’ll be re-rated.
Al thanks for keeping everyone abreast of their progress, and Bill Howard…..you and your team keep up the fantastic work!! I’m a happy shareholder and look forward to continuing to celebrate your success.
Sorry that should have said Bill Howald keep up the fantastic work. (gotta love spell check when changes the correct spelling to the incorrect 🙂
I personally think that you and I will eventually be proven correct!
I agree Shad. KER provides some excellent insights re the juniors. But it falls down repeatedly as under Gary’s current column with the endless bickering always but always revolving around one man.
Jesus?
Rye Patch will not be getting my shares, on the contrary I have been waiting for a good indicator to buy more, which this latest news indicated nicely. Thank you for those who sold me their shares today, which Rye Patch won’t get either.
This company is well positioned, financed, and in holding of a nice resource portfolio which they continue to build on with every update.
Easy double in my opinion and that is an understatement.
I agree 100% Imtiaz. Personally I could see it doubling, and then getting taken out by Coeur and going up another 35% after the double. (2016/2017 timeline)
Really, that is my conservative bet. I could see Rye Patch as a triple or quadruple bagger in a 2 year period of time. They got their ducks in a row…..
WELL, HE CAN’T HAVE MINE, BECAUSE THIS IS A SOLID COMPANY AND VERY SOUND INVESTMENT.