The Investment Doctor
Long/short equity, value, debt, base metals

Will True Gold's Mine Prove To Be A Gold Mine For Its Shareholders?

Introduction

I wrote about True Gold Mining (OTCQX:RVREF) in December of last year, and after a nice run-up of approximately 15%, the share price dipped again and the company is now trading 6% lower than in December. However, a lot of things happened meanwhile, as the company discovered more (a lot more) gold and has raised $47M in equity to kick-start the construction and development activities on its Karma project. This article is meant to discuss whether or not it would still be interesting to increase my position in True Gold Mining, which I have held for almost three years now.

Source: company presentation

Trading on the US Exchanges is quite limited so I'd strongly recommend to trade...

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