Red Eagle Mining (R.TO) Buy, Sell or Hold

Red Eagle Mining (R.TO)

0.02

-0.00 (0.00%)

as of Nov 10, 2018, 9:04:49 am Market Open.

5 watching

BUY

Had challenges in getting permits. Delays sold it off. It won’t be a quick win. Will be 6-7 months before they can do the filings. Then there is a very good chance someone may take them out.

DON'T BUY

Doesn't like the Canadian banks currently, earnings growth is muted. Much prefers the US banks.

WATCH

Intrigued about the geology. It worked well in New Zealand.

COMMENT

Unfortunately, junior mining companies sector is such that nobody cares right now. Cancelled the financing in the last month, which is never a good sign in the short term. As far as a junior gold mining potential company goes, it is pretty good. Nice project and good management and they know what they are doing. It’s just an ugly scenario for gold.

COMMENT

Got a bit ahead of itself over a year ago and he reduced his position. However, he has started to add back slowly. Did a financing and have lots of cash. Just came out with an update on their project. Part of the issue they have now is that they have to deal with the governments and the bureaucracy involved. Had been hoping to have a permit by the end of this year but this won't be out until August/13.

COMMENT

Gold. Can't give anything to solid about this company. The story is a bit long in the tooth. Has been going on forever. 4 million is a decent size in ounces but you really want to get 10 nowadays. Not his kind of company.

WAIT

Was Short on this one but covered the call when bad news hit. Had permit problems and project delays. Believes they will ultimately resolve the issues but won’t be without some trials and tribulations. If you are not risk averse, wait and Buy at a higher price when their problems are solved.

COMMENT

Gold in South Carolina. A past producer that was closed and reclaimed. Good drilling success in finding more ounces and consolidating the land together to re-open and re-start. May be forced to re-engineer the entire project, resubmit a new environmental impact study and provide more data on the quality of water and disturbances in the area. EPA was not happy with the reclamation and closure plan so there is concern on increased costs. Good entry point if you have a longer-term view.

PAST TOP PICK

(A Top Pick July 16/10. Up 34.48%.) Gold exploration in South Carolina. Have had a number of great drill results. 4 million ounces proved up and another 2 million inferred. As they continue to drill it could increase to 9 million or so. Cashed up with $100 million.

BUY

A pre-production gold company. Exploration results have been very positive and will continue to be a very newsy story. Could be a prospective takeover target.

COMMENT

Recently came out with drill results that were super high grade. Asset continues to get bigger and grades are getting better. Expect someone will buy the company before they go into production.

TOP PICK

Explorer and have done an unbelievable job in the last 2 years in growing their asset base. Have about 4 million ounces that has been proven up and management believes the asset will be between 7-10 million ounces in the ground at least. Continue to get better grades on each drilling. A lot of cash on the balance sheet. Looking for production in 2012.

WEAK BUY

Has had two mergers fall apart. Have good people on the exploration side. If they get results based on what they have in the past it would be great. Very speculative.

Showing 1 to 13 of 13 entries

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

Red Eagle Mining (R.TO) Frequently Asked Questions

What is Red Eagle Mining stock symbol?

Red Eagle Mining is a Canadian stock, trading under the symbol R.TO (previously R-T on Stockchase) on the Toronto Stock Exchange (R-CT). It is usually referred to as TSX:R or R.TO

Is Red Eagle Mining a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on R.TO (previously R-T on Stockchase) on Stockchase. Read the latest expert commentary for Red Eagle Mining.

Is Red Eagle Mining a good investment or a top pick?

Red Eagle Mining was recommended as a Top Pick by Lawrence Roulston on 2006-03-07. Read the latest stock experts ratings for Red Eagle Mining.

Why is Red Eagle Mining stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Red Eagle Mining.

Is Red Eagle Mining worth watching?

Red Eagle Mining is covered by Stockchase experts and is worth watching.

What is Red Eagle Mining stock price?

On 2018-11-10, Red Eagle Mining (R.TO) stock closed at a price of $0.02.

Most Recent Experts

Stockchase Insights

5i Research

Brian Acker, CA

Acker Finley Inc.

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

David Burrows

Barometer Capital Management

Jim Cramer - Mad Money

CNBC

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Summer Sale

Red Eagle Mining (R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)

Romarco Minerals(R.TO)