Rockfire Resources Share Discussion Threads

[pro_s2009] 03/8/2020 07:09

Excellent news

[gf123] 03/8/2020 07:07

Lovely stuff

[serratia] 02/8/2020 22:53

Sit and watch the sun go down with a Whisky or what ever floats your boat and play this Santana track -

[leewink1] 31/7/2020 11:57

... Short lived ...

[leewink1] 31/7/2020 09:42

Still gotta break the 2p from nearly a year ago, could it be today ... been many long months waiting, get buying folks.

[maytrees] 31/7/2020 09:25

Good morning

The warrants are reassuring perhaps?

[telbap] 31/7/2020 09:23

Nice start to the day

[2magpies] 30/7/2020 13:11

Agreed.

Let's see if ROCK joins that list.

Although, silence on the June samples is starting to be a bit ominous.

[excellance] 30/7/2020 12:12

u don't know about that, sometimes we get the odd "spectacular" discovery that changes the dynamic of the situation, a real company maker, like EUA, SOLG, GGP and probably ECR at Bailieston, but there are never any guarantees of success.

[2magpies] 30/7/2020 12:00

I'm pretty sure that any further rise will arouse the fee-monster, and there will be repeated dollopy placings .......... for the always-just-out-of-reach resources!!

bit further along here, a bit deeper there....... you know... you've heard it before, no?

[maytrees] 30/7/2020 11:50

Greetings all

I added a few at sub 1.70

[excellance] 30/7/2020 11:42

well, if you are interested in getting in on this share, at 1.66p now is the perfect time, cos at 1.66 it near enough matches the placing price, so if you think they have a chance of making a decent discovery and remember they did find evidence of gold in all holes drilled in June so although not conclusive it is a good indication and assay results can only be a week or two away at maximum, so now is a good time.

obviously i have already done so, so my money is where my mouth is.

good luck!

[geko5trade] 30/7/2020 11:14

Yep, I agree.

[excellance] 30/7/2020 10:52

you would think that the market, or at least investors in ROCK would be happy with the placing, because although they could have waited for positive drilling results to deliver and so get a much higher price and less dilution they have hedged and received the cash in the bank, so ROCK now have a guaranteed future beyond te June assay results, and beyond the current drilling program. I have to assume that nothing up til now has been anything other than indicative rather than spectacular but at least theyn get to keep searching and you never know they may actually find something down one of those holes.

[geko5trade] 30/7/2020 10:47

That's why I like looking at the chart excellance. Unlike posters such as yourself it is incapable of missing the point!

[excellance] 30/7/2020 10:42

the market is positive again Geko, if down is positive in your world.

Touching base with the placing, should move only up from here.

[pro_s2009] 30/7/2020 08:35

Bit O/T but another one to keep your eye on.... RBW .... Rainbow Rare Earths.

Maiden JORC due soon, speculative buying (or inside buying) started ahead of the news due very soon it seems.

[geko5trade] 29/7/2020 22:55

excellance, no the market has been positive. It moved into an uptrend a couple of months ago and then broke the rising trend up with some volume just prior to this announcement. Falling to the placing price hasn't broken the trend. The reason they could get it away at twice the price of the last fund raising is because of that trend. Investors have already considered the new situation and decided to pay more for the shares. Of course it would drop on bad news but the current market sentiment has been undeniably positive.

[george23666] 29/7/2020 19:52

The assays from drills in June is crucial. I have a very sneaky feeling that they are very good. I think the fact that a placing has been raised in such quick time and investors have jumped on board probably have wind of these results. If they are rubbish, the share price will drop to below 1.40. Then everything hinges on deep drill. I honestly don't think money would have been raised in a placing on the back of no assay results or at least a nudge and wink.
If they were rubbish we would have seen a retail placing for around 1.3. Of course all in my opinion but the fact that we already have this money raised and it has knocked only 15% of share price is a bit of a result. More importantly it says volumes.

[excellance] 29/7/2020 18:48

the market response has been fairly standard, neither positive nor negative, the share price has merely moved towards the placing price while "investors" consider the new situation.

The new situation is that there are slightly more shares than before, the company now has a million quid in the bank, drilling is ongoing and further drilling looks certain, and another placing this year looks very unlikely, but all of this does not guarantee positive drilling results, that is a separate issue entirely.

the assays from the holes drilled in June must be with us in a matter of days, and i am surprised that the company chose to place shares prior to the results, but maybe they are exploiting their knowledge of the results, or, maybe they thought it wise to place before results in case they aren't that good?

We'll know the answer to that when we get to see them.

[geko5trade] 29/7/2020 18:25

Yes but when the placing was actually done the price did go up and so was in the price by the time of the announcement. There may or may not have been forward selling but so far the market response has been positive reinforcing the recent uptrend. Early days, we'll see if news flow can be maintained.

[maytrees] 29/7/2020 16:13

Tx excellence

[excellance] 29/7/2020 14:10

It'll likely stay at this level for a day or two until retail investors have forgotten about the placing.

Usually if placing shares are being dumped they do so at 5% above the placing share price or more, but it looks to me that with the share price at 1.7p there is no opportunity to dump, unless they were forward sold over the last few days.

When CHF had their placing last week the share price actually went up because solving the cash situation and fast tracking diamond drilling was seen as positive.