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RNKLF - RNC Minerals: Assessing The Technical Damage After The Drop
Royal Nickel Corp Ord
It's been a tough start to the year for many gold miners (GDX) given the volatility in gold (GLD), but few names have suffered the massive decline that RNC Minerals (RNKLF) has just 55 trading days into the year. The stock is down 50% year-to-date, after an uninspiring 4% return last year in a strong year for gold, and the stock has now dropped beneath pivotal support at the C$0.40 level. RNC Minerals has announced ambitious cost guidance for FY-2020, forecasting a 10% drop in costs, but the