Rockfire Resources Share Discussion Threads

[soultrading] 12/7/2019 10:54

2Magpies has his own personal vendetta against the company because he bought in too high.

He thinks he can influence you by not allowing positive comments to remain on the board.

[bill hickman] 12/7/2019 10:31

magpie by not answering my quite reasonable question you have answered it.

2magpies
11 Jul '19 - 18:23 - 1093 of 1095 (Filtered)

[bill hickman] 11/7/2019 18:25

I’m not expecting a placing magpie but if there was on I’m not concerned as the market cap is so low compared to the value that has already been discovered.

Magpie if you have such a low opinion of ROCK why do you spend so much of your time following this BB and posting all negative ?

[2magpies] 11/7/2019 18:23

Major shareholders: somerset-Leeke, NW, DP, PJ etc are all sitting on HUGE paper losses (i.e. 'stale bulls'?).

It would take a thumping great 1kg nugget (or 20) of Au and a small town's worth of Cu to clear that sort of overhang, imo.

[2magpies] 11/7/2019 18:16

yeah Bill, just hope a dolloping placing doesn't head this way and make you rue your timing!

[soultrading] 11/7/2019 14:59

Good to have you on board bill.

[soultrading] 11/7/2019 14:57

David Price has 13.6 Million shares so he has skin in the game. He is also not on a huge salary so is working to increase the value of his investment.

As you mention shareholders it is probably worth mentioning that he is not the only major investor. A whopping 41% is taken up by major share holders which when you fact in the tiny amount of shares in issue 433m you can see why this could move fast with any buying volume.

There are lots of positives, metal prices likely to go up, tiny market cap. A flick through the last presentation could be adventurous.

[bill hickman] 11/7/2019 14:25

I bought a few of these recently and will be adding more when more readies available. Recent news showed clearly how undervalued the company is.

[2magpies] 11/7/2019 14:25

andysand

indeed.

And, of course, ROCK is still an 'explorer', and not yet a even a 'miner' - and the share price chart suggests every spike has been followed by a slide. Makes you wonder why it has spiked so many times - and why it spikes anyway. Each time it gets sold into.

As I said, only if the share price exceeds 5p (without any prior share consolidation) that the market will have deemed it to have good (& credible) visibility, imo.

[andysand] 11/7/2019 14:18

It could be "fear of placing" yes. These small mining companies have a history of diluting holders to extreme levels. When i asked my questions, I was looking for a proper business plan. This seems to be beyond the ability of lots of AIM miners. We need to know financing plans and specifically; how much and how long to be profitable. Asset values are meaningless where the assets are buried underground. I will keep it on my watch list for now.

[2magpies] 11/7/2019 13:58

Nope - Mr Market - he still no listening!

[simondunmore] 11/7/2019 13:44

Have a disco biscuit magpie.

[2magpies] 11/7/2019 13:42

Nope. Still no more trades.

Fear of placing??

[simondunmore] 11/7/2019 13:36

Copper-in-soil defines clear targets at Copper DomeRockfire Resources plc (LON: ROCK), the gold and base metal-focused resource company, is pleased to announce that recent extension soil sampling at the Copper Dome Project in Queensland, Australia, has returned strongly anomalous results up to 0.1% Cu in the soils. As announced on 26 November 2018, Rockfire has an option to acquire Copper Dome (the "Option") and a decision to exercise is required by 23 May 2019. -- Anomalous copper and gold results have been returned from the soils; -- The copper anomaly has been extended south from the previous Rockfire survey by 500m; -- Copper-in-soil is strongest at the margins of the mapped porphyries; -- Gold-in-soil occurs in a confined east-west band between the two largest mapped porphyries; -- The anomaly remains open towards the east and west; -- Soil results are up to 1,115ppm (0.11%) Cu and 145ppb (0.15ppm) Au As part of the recent extension soil survey at Copper Dome, 108 soil samples were collected over an area of approximately 850m x 600m. As previously announced, this extension was to test south of strongly anomalous soil samples collected by Rockfire during March 2019. A link is provided below which illustrates the distribution and magnitude of the copper-in-soil and gold-in-soil results.

[simondunmore] 11/7/2019 13:35

Maiden Gold Resource for LighthouseRockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer is pleased to announce a maiden JORC Resource of over 50,000 ounces of near-surface gold at its 100%-owned Lighthouse tenements ("Lighthouse") in Queensland, Australia. -- Inferred 1,349,000 tonnes @ 1.18g/t Au for 51,000 ounces of gold; -- Rockfire has a discovery cost of AUD$13 (GBP7.50) per resource ounce of gold; -- This resource includes drilling at both the Plateau and Double Event Prospects, providing two outstanding targets for resource growth within 30km of each other;

[2magpies] 11/7/2019 13:31

All that 'PR' and less that 60,000 shares traded today.

Shiny shiny things to no avail, it seems.

I, for one, wouldn't be surprised if there isn't a massive placing at sub 0.5

GBP555m worth of Cu? -- purrleeezze!

[2magpies] 11/7/2019 13:27

"simondunmore
11 Jul '19 - 13:22 - 1074 of 1076
0 0 0
[e-mail]

ask David Price."

Yeah, and whilst you're at it, ask him also why he hasn't bought anymore shares for ages??

[simondunmore] 11/7/2019 13:25

Maiden Gold Resource for LighthouseRockfire Resources plc (LON: ROCK), the gold and base-metal focused explorer is pleased to announce a maiden JORC Resource of over 50,000 ounces of near-surface gold at its 100%-owned Lighthouse tenements ("Lighthouse") in Queensland, Australia. -- Inferred 1,349,000 tonnes @ 1.18g/t Au for 51,000 ounces of gold; -- Rockfire has a discovery cost of AUD$13 (GBP7.50) per resource ounce of gold; -- This resource includes drilling at both the Plateau and Double Event Prospects, providing two outstanding targets for resource growth within 30km of each other;

[simondunmore] 11/7/2019 13:25

Rockfire Resources plc (LON: ROCK), the gold and base metal-focused resource company, is pleased to announce that an updated version of its corporate presentation is now available on the Company's website at https://www.rockfireresources.com/.

[simondunmore] 11/7/2019 13:22

[e-mail] David Price.

[2magpies] 11/7/2019 13:20

andysand

To me it seems that they are still at the 'geology field trip' stage.

Do you really think that Mr Market is so stupid as to value those thousands of tons of Cu at a market cap of just £2.8m??

Really??