Rockfire Resources Share Discussion Threads

[iamgreat1] 18/12/2019 15:17

Get out and buy back cheaper guys this will now drift probably below 1p

[iamgreat1] 18/12/2019 13:31

So was correct in my 1.4 marker 2 days ago. I can now see that 1.05 is looming Bail while you can

[andymunchkin] 18/12/2019 12:50

no.1 @chrismass

[three_fitty] 18/12/2019 12:42

Of course all of that is potentially a while off yet, and that is the unknown. In addition there is the potential for further fund raising and the requirement to partner with one of the local processing plants. Guidance from the company here will be key. The upside is the JORC revision and further good news from additional drilling.

[three_fitty] 18/12/2019 12:39

Nice to see some well considered post for a change. I agree there's no manipulation going on other than walking the price up and down a bit to shake any nervous holders. There will be a bit more of that in between now and the next round of exploration and my guess is the price will trade sideways/down for now. There seems to be two models of mining at play here. An open pit, which they indicate there will be further drilling to ascertain the limits of and a possible deeper mine around BPL025. If you estimate a net profit per oz of $400, then there is approx $16m in profit here, so the current valuation looks cheap. However a further restatement of the JORC reserves would increase that. Therefore my target valuation is around 3p on commencement of production, with further upside dependent on the revised JORC values. I'm no expeer, so I'd value others opinions.

[paleje] 18/12/2019 11:13

That's the truth of it, always the same, warrants end up as shares in the hands of retail investors at the end of the day but at a higher price and the original holders long gone to rinse and repeat. So it smarts a bit but as 2mags says, dosh coming in so no foreseeable raises and the outlook is attractive.

Buy when nobody wants to and sell when everyone wants to. It isn't failsafe but it's not a bad maxim.

[2magpies] 18/12/2019 10:59

yes, but the warrants are bringing money in -- so no fundraise. I believe, altogether, there is approx £1.9m that could come in via warrants.

All we need is a J/V between then and now.

Just three words need to be remembered: "open pit mining"

As I see it, those three words show that ROCK's mindset has moved from exploration to production already.

Not doing it yet (bleedin' obvs) but clearly aiming that way.

[enewman36] 18/12/2019 10:49

Let's not be to naive here, there are a bucket load of warrants being sold into every rise which is scuppering sustained share price rise, this will only rise once the warrants are sold off

[kcowe] 18/12/2019 08:56

its not manipulation , this is the last assay rns till more drilling ... traders have sold and moved on till another round of news is due.

[janestone] 18/12/2019 08:26

It's called manipulation. This is why rubbish gets pumped and good stock gets held back. This is why this exchange is screwed and the Brits are broke. He needs to dual list in the asx.

[charlesjames1] 18/12/2019 08:23

I am again gobsmacked at reaction here. Simply staggering when some shares fart and rise 100%.

[janestone] 18/12/2019 08:13

Depends on whether you're a five minute trader or you have the money to invest in what could potentially multi bag and become a million ounce project. I reckon it's undervalued.

[charlesjames1] 18/12/2019 08:12

Too many warrants. Will take weeks to pass them through.

[andyview] 18/12/2019 07:47

What do we think then? Priced in already or primed to spike?

Unfortunately I think it’s already in the price...

Gla

[iamgreat1] 18/12/2019 07:12

That's it final holes done now and so the big sell off will be today after a mini spike

[outlawinvestor] 18/12/2019 07:05

Good grades in final two holes.

[johnwise] 17/12/2019 20:50

Harvard University - Kennedy School Talent Show 2011 - Winning Act

[three_fitty] 17/12/2019 16:52

I'd agree Outlaw. In addition the further 13m shares added today are also probably playing their part. Like the exploration these companies are a high risk bet.

[freddie01] 17/12/2019 15:25

Sultans of Swing - Dire Straits (Josh Turner Cover)

[outlawinvestor] 17/12/2019 14:04

Some jv interest would be nice here.

Yeah. Realistically though JV talk is miles away.

I imagine no one is more disappointed than the CEO. The last result update sounded flat IMO in comparison to the first two, with little or no mention of Mt Wright.

Bottom line IMO, and probably not a popular opinion, since ROCK is nowhere close to development it remains a cash burning explorer (as should be for any explorer) and there's only so much value anyone can place on it. As things advance to a feasibility study stage a sticky re-rate will happen.

[sapper2476] 17/12/2019 08:45

I’ve seen better share reactions from a duster. Just goes to show how warrants can totally stop a share dead.

[sapper2476] 17/12/2019 08:38

Wow. Just wow.

[paleje] 16/12/2019 15:01

2 more holes to go, not all that much interest right now people stocking up on 'boris bounce' stocks. That might change again in the new year if he doesn't match up, we'll see.

Some jv interest would be nice here.