Australian (ASX) Stock Market Forum

Re: RSL - Retail Star

Archfield & Castle Bailey, apparently private investors recently just became significant holders with 770K purchase in mid .02s. Dont know if id be dropping that kind of money into this low cap speccie if I didnt have some idea or something on the horizon. Former head geologist of Olympic Dam Ian Scott on board also - IMO he wouldnt take part unless he thought there was significant potential.

I bought in yesterday - should be due for an announcement re exploration program soon. Sp now 0.022 cents.

Anyone got any opinions on this one?
 
Re: RSL - Retail Star

RSL Up 20% today, no announcement, after these WA dentists recently invested a large sum of cash .. now all we need is a big annoucement

any one else on this one ?
 
Re: RSL - Retail Star

little bit of news, share price is currently 2c

Retail Star Limited

Retail Star Ltd (“the Company”) is pleased to announce the approval, by the government of Malawi, for the
transfer from Red Rock Resources plc (“RRR”) to the Company, of the Chintheche uranium licence in the
East African country of Malawi. This property comprises an Exclusive Prospecting Licence (“EPL”) covering
an area of 210.9 sq km.

The grant and transfer of the EPL is pursuant to the agreement dated 26th July 2007 and subsequently
approved by shareholders on 6th August 2007 (the “Agreement”), whereby RRR agreed to sell its uranium
interests to the Company. Following transfer of the EPL to the Company, 30,000,000 C Class Converting

Performance Shares issued to RRR convert to 30,000,000 new fully paid ordinary shares in the Company.

The Chintheche Property

The Chintheche property covers some 210.9 km² sq km and is situated immediately to the west of Lake
Malawi about 240km north of the capital of Lilongwe (figure 1). The 1987 report, “Interpretation of Airborne
Geophysical Survey Results” by Paterson, Grant & Watson for the United Nations Development Programme,
highlighted significant uranium anomalies for investigation.
Subsequent review by the Company confirmed that the anomalies are over both Basement Complex rocks
and over younger clastic sediments that sit above and marginal to them (figure 2). The younger sediments
are prospective for roll front style uranium mineralisation and the basement rocks for vein style uraniumniobium-
tantalum-rare earth mineralisation.

Peak airborne radiometric anomalies are in the order of four times higher than background readings within
the main target zone (figure 3).
The granting of the Chintheche licence complements the previously announced Machinga licence (figure 1).
The Machinga property covers some 378 sq km just north of the old capital city of Zomba in south central
Malawi. In their 1987 report, Paterson, Grant & Watson highlighted two areas for investigation for uranium
exploration within this licence; the Chinduzi Radioactive Zone, and the Machinga Radioactive Zone. Both
were rated as high priority targets.

The Malawi exploration programme is scheduled to commence in the first quarter of 2008. The intended
programme is summarised in the Company’s AGM presentation released to the ASX on 6th December 2007.
The Company believes exposure to uranium-prospective countries of East Africa, with a positive attitude to
uranium exploration, and in particular Malawi, reduces the risk of becoming heavily reliant to one region and
gives diversification. The Malawi government has expressed commitment to assisting companies exploring
for or wishing to produce uranium.

there were maps but I couldnt paste them check with ASX

Happyjack
 
Re: RSL - Retail Star

Hi gents.

I hold these.

You know i used to work at Morgan Grenfell and this is where Andrew Bell the chairman used to work.
I am sure i met the guy but cant remember as it was 16 years ago.
I am trying to get in touch but cant get him at mom.

I like Ian Scott....his past says it all imo.
Red rock resources have 140 million of these and imo they would want to get some returns on this....keep watch for a left field announcement...could be a few weeks time.

cheers:D
 
Re: RSL - Retail Star

Just a cautionary tale.

I've been sucked into poor investments in the past by being influenced through my personal knowledge of one or more of the parties involved. In my experience, it pays to be extra careful here to avoid the " rose-tinted glasses " effect of personal knowledge. I'm sure you're aware of this.

Could you elaborate on reason(s) why news ( presumably good ) might be expected in a few weeks time?

:)
 
Re: RSL - Retail Star

the trading band i think is going to be 1.8 - 2.4.
This has been the case for a while.

Regarding any announcement coming i am presuming that Red Rock resources who now own 140 million in RSL would be looking for a return very soon.

If you look them up you can make up your own mind about them.

http://www.rrrplc.com

Again its up to you but i have bought on a hunch and ntg more.
I have always played the "specs" this way.

My way is not everyones way in investing...more gambling with a little knowledge!!:)
 
Re: RSL - Retail Star

plus a little note ....which i think is worth mentioning.

Red Rocks website when you log onto it give you the choice of English,German or Chinese.........

Chinese....hhhmmm not many website have done this.....

Small things like this is what i look for.

cheers.:cool:

by the way you can go thru various stocks like AAR with a fine tooth comb and yet the s/p will do ntg.
Rumours,chinese and uranium is all thats needed for it to move.
 
Re: RSL - Retail Star

RSL is now consolidating its shares, can anyone shread some lights as to whether this is good or bad....
 
Re: RSL - Resource Star

What’s peoples general opinions on Resource Star Limited?

Worth investing @ 20c a share? :cool:

Cheers.
 
Re: RSL - Resource Star

Very Big things ahead for RSL with relisting and $5m capital raising before Christmas :chimney:jump::bananasmi
 
Re: RSL - Resource Star

Any holders of this stock out there?
It was on my watch list 18 months ago.
What rpojects does it have on the go?
 
Re: RSL - Resource Star

RSL looks to be taking on a change in structure and direction.

Voluntary suspension today.
The reason for the request for voluntary suspension is to allow the Company to progress discussions with its board structure and ongoing funding arrangements
The Company expects the voluntary suspension to end at the commencement of trade 10 April 2013

From a previous announcement.
DIVERSIFICATION PLAN
Resource Star advises that it is in active discussion with owners of various gold projects in order to implement the Company’s previously advised diversification strategy.
“We have had to recognise the realities of the current market for uranium, and therefore, while we intend to retain our uranium properties, which we believe have long-term potential, we see that the time is right to diversify” said Chairman Andrew Bell. “The current difficult markets mean that excellent opportunities exist to implement that strategy. We are particularly attracted to projects with near-term production potential, and are pursuing opportunities in this area. Further announcements will be made in due course.”

Nothing overly remarkable but I do like to keep an eye on this kind of movement within a stock, sometimes opens the door to new opportunities.
 
Re: RSL - Resource Star

RSL, nothing to get excited about at this point but chart spike on minuscule volume after company has been restructured may indicate something to keep an eye on.

Any positive news out of RSL is likely to be an acquisition.
 

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Re: RSL - Resource Star

2nd August 2013

The Board of Resource Star Limited (ASX: RSL) (RSL or the Company) is pleased to announce that on 1 August 2013 the Company entered into a legally binding terms sheet with Australian owned Searex Petroleum (BIV) Limited (Searex) to acquire a 50% shareholding interest in D-Bar Leasing Inc (D-Bar), a company incorporated in Abilene, Texas, USA which has a 100% working interest in 2,732 acres of oil leases, as well as ownership of freehold land, buildings, plant and equipment (Acquisition).


● Resource Star has entered into a binding terms sheet to acquire a 50% shareholding in D-Bar Leasing Inc, which holds a 100% working interest in 8 oil producing lease groups, 96 wells covering approximately 2,732 acres located in Abilene, Texas, USA.

● Internal projections to achieve production rate of 500 barrels of oil per day (BOPD) by December 2013 increasing to 1,500 BOPD by December 2014 with a minimum 15 – 25 years + low cost production life.

● Work-over program to be completed over next 18 months with plans to increase production to 1,500 BOPD at estimated cost of USD3 million.
 
Re: SRT - Star Striker

On September 15th, 2015, Resource Star Limited (RSL) changed its name and ASX code to Star Striker Limited (SRT).
 
Re: SRT - Star Striker

Potential Transaction with a Third Party

Star Striker Limited is pleased to advise that it has executed an exclusivity agreement with various third parties for the prospective acquisition of a new business.

The Business owns proprietary financial planning software and has a track record of delivering the industry’s first scalable offshore processing platform. Star Striker believes the Business has the potential to disrupt and revolutionise the financial planning industry.
 
Re: SRT - Star Striker

This reverse takeover courtesy of Intiger Asset Management looks to be proceeding.

If they are successful in what they are trying to achieve it will be big. They now have Mark Rantall, former head of the FPA (Financial Planning Association) on board. That's a big vote of confidence.

This is definitely one to watch.
 
Re: SRT - Star Striker

The financial planning industry is comprised primarily a large number of small to medium-sized businesses, most of whom handle paraplanning and administration internally. Still very much paper-based and manual processing.

Intiger is doing something different to Decimal. It look as though Decimal are targeting large institutions and super funds. Intiger appear to have an offering which would allow small business to potentially slash back-office costs, i.e. admin/paraplanning.

I don't necessarily think SRT is a buy, there is an impending capital raising and significant dilution about to hit the market. I don't know what Intiger's financial will look like.

I can see the stock is being ramped on hot copper, but that doesn't mean this is not a story worth following.

Mark Rantall is a massive recruit. I don't know of any other company attempting to do what these guys are trying to do, on such a scale.
 
Re: SRT - Star Striker

What a name though.
Makes me think of Star Wars.
 
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