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Re: RSL - Retail Star

Sheepdip,

Judging by the sharp falls we've seen in the prices of most uranium stocks, the "current uranium boom" seems well and truly over.
I'm taking a cautious view on the market at present and feel that RSL is too speccie for me at present. If it was a pure iron ore play, I'd be more interested as its a hot sector, but I'm trying to stay clear of speculating in stocks which have a strong uranium focus. However, I must concede that its management looks impressive.
DYOR
 
Re: RSL - Retail Star


hey greggy I certainly agree that RSL is very much in the speccie stage at the moment, but as they have only recently changed company direction they were never caught up in the previous overheated uranium market.

I think you will find that alot of attention will be paid to the northern territory tennements that are highly prospective for iron ore/gold as well as uranium.

Thats the beauty of investing in the spec sector it always comes up with the unexpected, and I would be willing to bet it won't be long before we here about how prospective their iron ore tennements actually are, much like what happened with FDL,GNL,NSL,MDX before them.

I believe alot of attention is being paid to the awarding of the Malawi Uranium tennements as they are south of the upcoming Paladin mine, but once the dust settles investors will sit down and realise the potential the company has outside uranium.

Below is a summary of the northern territory prospective iron ore tennements.

Hayes Creek South

The area is a significantly under explored polymetallic target centred on the Hayes Creek fault and possible related splay structures forming structural corridors. In 1969 an iron rich bed was traced over 9.65 km

-Undrilled structural corridor on Hayes Creek Fault
-Iron-carrying breccia zones exposed over several hundred metres
-Exposed cliff of massive haematite
-Rock chips up to 57.3% Fe and 37.1% Mg, with up to 15 g/t Au
-Possible uranium


Marrakai

-In Rum Jungle Uranium Field
-Previous exploration for uranium, gold, base metals
-Iron expressions at surface and possible Frances Creek type structure

These two iron ore targets highlight the potential iron ore related upside for RSL, Hayes Creek South with a 9.65km strike with grades already discovered up to 57.3% Fe, and Marrakai a possible Frances Creek target (remember TTY is a $300 million market cap company)


Companies like RSL are certainly not for the feint hearted, but as we know with risk comes great reward, but judging by the quality management team they have put together they obviously know something the broader market doesn't.
 
Re: RSL - Retail Star


Greggy, I think our time frames might be somewhat different for in my mind, the uranium boom is only in its infancy. Sure there has been a pullback in a bunch of U stocks recently but that is really a consequence of the market getting overheated as the spot price shot up near $140 mid year. On top of that there was the problems at Cigar Lake which also pumped up the U stocks a bit. Now I think we are back to realistic levels once again and doubt we will see the U price back near the $70 of January ever again.

Worldwide demand looks set to escalate dramatically and supply is not yet rising to meet it. Looking ahead to 2010 and beyond there are major shortfalls likely to be occurring with U prices well in advance of where they are now IMO.

Agree with your thoughts on the market though - at present I'm already 70% cash and looking at cashing out more. Interestingly though, the three stocks I am most reluctant to cash in are all U stocks (BMN, EXT and RSL).
 
Re: RSL - Retail Star

the further I dig the more and more I like what RSL are sitting on.

One of their Malawi Uranium Tennements, Chintheche shares the same location as a favourite ASF uranium play Mantra Resources (MRU), which as most people know has a market cap of $95 million and institutional shareholders all over the share register. With Mantra currently exploring the Chintheche region and RSL to begin early in the new year watch for any positive news out of MRU as the nearology of the tennements is likely to cause a positive reaction out of RSL.


But what has just blown me away was the Northern Territory Tennement Daly River (ELA 24391), and its Iron Ore prospectivity (don't know how I missed it before)


Daly River (ELA 24391)

-Well-known iron occurrence
-Extensive boulders and outcrops
-Resources estimated at 126m tons in 1967-8 drilling programme
-Little follow-up work

The project (ELA 24391) of 20.04 sq km is among the best known iron ore prospects in the Northern Territory, where infrastructural constraints and low iron ore prices have until recently discouraged active exploration. A large portion of this area situated near the western edge of the Pine Creek Geosyncline close to the old Stuart Highway consists of outcropping hematitic iron ore, with ironstone lenses near the base of a highly lateralized sequence of Cretaceous claystone porcellanite, siltstone and sandstone capped by remnants of nodular laterite. The iron ore occurs at surface as dark red boulders of varying size and outcrops.

Most of the areas of potential within the prospect are barely explored, and numerous magnetic anomalies in the north of the license detected by regional wide-spaced aeromagnetics have not been systematically tested. Where the wide-spaced and shallow drilling carried out to date has intersected iron ore mineralisation, no follow-up work has been completed. Very little geological mapping or geochemical sampling has been carried out. The likelihood that further exploration would enable further substantial high grade iron ore resources to be delineated is considered to be considerable.
 
Re: RSL - Retail Star

Hi mick2006,

I wish you, Sheepdig and others the very best in relation to your trading here. I appreciate all the effort that you and others put into your research.
Maybe I'll regret making this statement, but I personally reckon it will be a while before there's another uranium boom. So many people were burnt by the recent sharp correction in the prices of uranium stocks, whilst iron ore stocks such as IRM and LML (amongst many others) have done relatively well.
I'm just become more cautious of late.
DYOR
 
Re: RSL - Retail Star

Held strong I thought, I`m in at 2c which should be support level (1.9 maybe)
Got this from AIM (RRR)........17/12/07

On 9 May 2007 Retail Star Limited (“Retail Star”), a Company listed on the Australian Stock Exchange (ASX:RSL), agreed Heads of Terms to acquire 100% of Orion Exploration Pty Ltd, owner of Red Rock’s Northern Territory uranium assets, and of certain other uranium interests, including any uranium interests held in Malawi that might be transferable and the uranium rights at the Mt Alfred licence.

We entered an agreement with private Chinese parties in Zambia on manganese processing. This group ran into trouble as a result of the poor environmental performance of their plant. We also identified safety issues at the plant, which has been periodically shut down by the authorities. We have conducted a study on the plant and have concluded that correct operation would not be difficult to implement. We therefore continue to negotiate a revised agreement allowing us to operate the plant and produce ferromanganese. There can be no certainty these discussions will be successful, but we remain hopeful of an early and positive resolution.

Post-balance sheet events

Further issues of stock on 2 July 2007 at 3p per share and on 22 November 2007 at 2.5p per share strengthened the Company’s balance sheet by raising £825,000 before expenses.

The transaction with Retail Star was completed, and as a result Red Rock holds 80,000,000 shares (15.5%) in Retail Star, as well as 20,000,000 options with an exercise price of 2.5 cents each and an expiry date of 30 June 2008.

A further 60,000,000 Retail Star shares will be issued to Red Rock in consideration of the Malawi licences being issued to or transferred to Retail Star.

Red Rock has appointed two directors to the board of Retail Star and recruited Ian Scott, former Geology Manager and Chief Geologist at the Olympic Dam mine, as Managing Director. Ian Scott has extensive uranium experience and we welcome him to the group. With his expertise, we have hopes of building Retail Star into a significant player in the uranium exploration market.

Recent work has been carried out by the Company at Mt Alfred, testing for uranium at the eastern end of Lake Barlee on behalf of Retail Star, and sampling for iron ore in the areas lying along strike and in some cases adjacent to the sites of recently announced discoveries by our northern neighbours Iron Mountain Ltd and Mindax Ltd. Results from this sampling of the banded iron formation horizons are awaited.


Maybe already has been released on ASX via RSL 9/5/07
 
Re: RSL - Retail Star

looks like a few traders have sunk their claws back into RSL today, some good longer term uranium/iron ore potential here for those who are patient, be careful taking positions while its running.
 
Re: RSL - Retail Star

I’ve been watching RSL with keen interest over the last month and in particular when enormous volumes of shares have been traded.

I happen to be a shareholder in AIM listed Red Rock (RRR) & Regency Mines RGM, the largest shareholders in RSL and all Chaired by Andrew Bell.

As I said the volumes of shares traded have been quite staggering even by Aussie standards of Uranium exuberance (I am a Pom, no offence intended!).

There have so far been 2 waves of trading, after the first wave just before Christmas, I have asked Andrew Bell what he thought of this activity and the fact it seems to have come from nowhere. He wasn’t very specific and speculated it might have had something to do with the transfer of the Malawi Uranium Licenses – which I understand is a formality.

Then on Friday in London the following announcement was made:

http://www.smallcapnews.co.uk/article/Red_Rock_buys_Mindax_stake_/4245.aspx

Fair enough – Mindax have the adjoining tenement and Red Rocks Mount Alfred. Red Rock have Cash, so what better way to negotiate with Mindex than from a position of strength.

But this is an Iron ore story right> So how can this relate to RSL??

Well at that point I couldn’t see any connection – then later in the day this article appeared on Mineweb, where we get a bit more follow through from MR Bell…

http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=43724&sn=Detail

Now I hope its getting bit clearer.

Red Rocks Uranium interests are all now in RSL and as you know Olympic Dam Uranium Guru Ian Scott has been installed as CEO of RSL. He’s remit was quite clear from the start – RSL was to become a significant player.

As an investment it complements what we are doing, because of its iron ore potential and because of its uranium involvement.

This in my view could be mean a strategic move to bring together Mindax & RSL closer together – which makes a lot of sense in respect of the trading activity going right now with RSL??

Nes Par??

There is a lot of stuff going on right now with RGM & RRR - as a private shareholder I have only my own research to go on – but happy to share in this thread.

Have a good weekend

Cheers
MG
 
Re: RSL - Retail Star

I wonder if TTY are interested in their tenaments for Iron Ore. they are right next door and TTY needs more ore...

And RSL really need to update their website..."Retail Star Limited is a retailer of outdoor and activity-based brand leisure and sportswear products" - doesn't help an investors confidence to read that when looking at investing in a mining co.
 
Re: RSL - Retail Star

chewy said:
I wonder if TTY are interested in their tenaments for Iron Ore. they are right next door and TTY needs more ore...
Click to expand...

..................Chewy - are you sure? which tenement is belongs to TTY??

 
Re: RSL - Retail Star

Perhaps not "right next door" but TTY's main site is at Frances Creek in the NT (near town of Pine Creek), RSL's biggest tenement in the NT is just below Pine Creek, so very close.
 
Re: RSL - Retail Star

looks like RSL is going on another good run today, after seeing FDL,GDA,HAO run very hard recently its hard to predict where the hell this is going to end up, but one thing is certain i'm enjoying the ride.
 
Re: RSL - Retail Star

Me too mick
Think we'll see 4c tmrw, maybe 3.6c open and loads of new people taking positions

Massive volume today and very strong buying at the close
Exciting days ahead...
 
Re: RSL - Retail Star

Guys, tangrams at HC has put together a brilliant information site for rsl.

In times like these, when stocks like rsl are running, many people dont even know wh ythey are buying and making money on something, so this should be very well recieved, and gives you some insight into why they are such a good potential multibagger, or at least what they are up to

Check it out if you want

http://www.watch.htmlplanet.com/
 
Re: RSL - Retail Star

RSL - Retail Star - Boardroom Radio announcement

Getting that warm and squishy feeling now about RSL. There is something very comfortng about listening to the guy, instead of reading a pdf or such

This is a very encouraging announcement, and I'm sure all holders will be extremely please to listen to what Ian Scott (formerly olympic Dam head Geo - now MD of RSL) has to say about their company

It is my opinion that the days of RSL being under 3c are numbered.
Take a listen below if you hold, or are considering it

--------------------

10 January 2008

AUDIO BROADCAST

RETAIL STAR LIMITED (RSL) provides the opportunity to listen to an audio broadcast with Mr Ian Scott, MD and Boardroomradio in a presentation titled "First Malawi Uranium Licence Granted".


To listen, simply click on the link below:


http://www.brr.com.au/event/39702

The presentation details are as follows:

� First Malawi Uranium Licence Granted

� Presented by Mr Ian Scott, MD

� Thursday, January 10, 2008, 4:45 PM AEDT

Boardroomradio offers many free services, such as:
� Boardroomradio Alerts
� Easy access to archived presentations on demand
� Pod cast subscription with daily updates
Visit http://www.brr.com.au for more
 
Re: RSL - Retail Star

Got in yesterday at 2.7 as this looks promising, but got flushed out when my stop loss of 2.5 was hit; damn. Now I'm gonna have to buy back in again.
 
Re: RSL - Retail Star

bit of guessing about what the price of U2 will be from here

suggest you look at what the LT experts in the game ERA are saying

their 04/12/2007 6:56PM Presentation - Melbourne Mining Club (view thro ASX releases) appears pretty straight and not so rosey as everyone was last year - at least not in the next few years - something about an oversupply problem
 
Re: RSL - Retail Star

Looking very strong today, accumulation happening here folks.

Classic manipulation, capper had 2.5m moving down in the que, just out of reach
people panicked and sold down to 2.6c, clear it out, then someone picked up 2m at 2.6

Asking price now 2.8c
Think it will retest 3c today

Happy to be holding - and very bullish now on rsl especially after listening to the boardroom radio announcement from last night.

Link below if anyone is interested.

Remember, Ian Scott is a huge assett here, formerly head geo at Olympic Dam - now he is with RSL, do you think he would be onboard if it wasn't going places??

he is also on nice incentive optiosn to make this a multibagger company

------------------

10 January 2008

AUDIO BROADCAST

RETAIL STAR LIMITED (RSL) provides the opportunity to listen to an audio broadcast with Mr Ian Scott, MD and Boardroomradio in a presentation titled "First Malawi Uranium Licence Granted".


To listen, simply click on the link below:


http://www.brr.com.au/event/39702

The presentation details are as follows:

� First Malawi Uranium Licence Granted

� Presented by Mr Ian Scott, MD

� Thursday, January 10, 2008, 4:45 PM AEDT

Boardroomradio offers many free services, such as:
� Boardroomradio Alerts
� Easy access to archived presentations on demand
� Pod cast subscription with daily updates
Visit http://www.brr.com.au for more
 
Re: RSL - Retail Star

Ok is anyone else holding this stock, or just me????
A low today of 2.2c and a close of 2.5c - tell me thats not strong, and it has been massively capped the last week too

Somethings gotta give here, and I think we will see it push back above 3c soon
 
Re: RSL - Retail Star

Wilson I too have been holding this stock. Capping certainly appears to be evident. Maybe once traders get there fix you will see a climb in the share price. I luckily bought in at .022 but would have thought that .03 is certainly not an unrealistic expection if not more .03+

Happy days trading.
Drubs
 
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