R, Romarco Minerals update

R jul 2012

We have been dead wrong on Romarco Minerals. It is a little late, once you get to 50 cents there is not that much room left after all, but with the benefit of hindsight it now looks like the count should have been a double zig-zag, a-b-c a-b-c. This is a complete correction which 5-waves down never is. This is very much a binary situation, they either get the needed approvals from US Army Corps’ by way of Environmental Impact Statement or they don’t. The expectation has always been that they will and if that happens the stock should shoot up. Unfortunately it will take time as the decision is not expected before Aug 16, 2013.