Jay Taylor, in the Feb. 13, 2015, edition of Gold, Energy & Tech Stocks, says sell Rye Patch Gold Corp., recently 15 cents. Mr. Taylor said buy four times between Feb. 14, 2011, and Dec. 18, 2013, at prices ranging from 16 cents to 54 cents. Assuming a $1,000 investment for each of the four buys, selling the $4,000 position at 15 cents would yield a loss of $2,111. Mr. Taylor says Rye Patch's performance has been lacklustre ever since it settled with Coeur Mining over their claim dispute on the Rochester mine in Nevada. As part of the settlement, Rye Patch gained an NSR on Rochester's production, which gave it $2.85-million in the first nine months of 2014. Management has been taking care of itself with that NSR however, as $1.15-million ended up in the pockets of executives. Through various companies they control, the president collected $487,579, the corporate secretary $130,658 and the CFO $104,144. Even a former chairman raked in $384,785. The editor says he will not begrudge management a good income, but spending money in this way is not the spirit a junior should have if its interests are aligned with shareholders. As a result, he is selling Rye Patch even though he thinks it has some good projects.
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