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Taken from another board,person spoke to someone at the company who told him results were due Friday so would expect some nervous sellers but also peole awaiting results and maybe even buying
RAU - Republic Gold
- Thread starter Caliente
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Guys,
A director (newly appointed?) bought 45,000 units of RAU today.
Is that indicating something, or perhaps he's a new director just gotto buy some?
Anybody know anythign about this?
A director (newly appointed?) bought 45,000 units of RAU today.
Is that indicating something, or perhaps he's a new director just gotto buy some?
Anybody know anythign about this?
Thats only $7200 bucks, and say tis loose change for them.... so not reading much into it... unless more parcels are bought.
Don't see much more of a rise and perhaps see bit of a pullback
SevenFX
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Appendix: they are releasing new issues at 0.23 - 0.3 cents
Is that good news or not so good news?
Is that good news or not so good news?
rub92me
Don't look back
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Neither good news nor bad news. It's just an exercise of options, for which they need to issue shares.
hi guys, i'm a newbie here and i was monitoring the progress of rau when it was at its low of 3.9 cents and at that time was pondering over purchasing it but was taken a back by the Luzon deal but my oh my, i have to hit myself hard enough now when i see its share price at 0.16 today. I think this company has potential and does anyone here thinks that it's a bit too late to enter the fray now? From my own research, which is not that professional, I reckon it could go all the way up to some way near 0.3 cents with the backing of foreign investors. But that also depends on the success of their projects and drilling report.
Sean K
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jacko, welcome. No one can tell you when to buy or sell here, just what they think a company might be worth. Your research has it at 30 cents? How do you come to that target? Perhaps if you post up the info we can attempt to dissect it and see if your analysis and assumptions are valid. Cheers, kennas
thx kennas for the warm welcome.
I see the share price soaring to some where near 0.3 cents because:
1. With the devaluation of the US dollar and the concerns surrounding it, the demand for gold will definitely increase and the last I checked the gold price has soared to USD 832/ounce with experts predicting it to reach USD 880-890/ounce.
2. The confidence shown by the foreign investors indicates that the company might have some "goods" up its sleeve that is yet to be announced. I think those foreign investors are not "no brainers" to simply put their money on a company.
3. The drilling report for Mt. Carbine and if this project turns out to be succesful, it will be the key for the soaring of the share price.
Hope my amateur-ish analysis is not too amateur. thank you.
I see the share price soaring to some where near 0.3 cents because:
1. With the devaluation of the US dollar and the concerns surrounding it, the demand for gold will definitely increase and the last I checked the gold price has soared to USD 832/ounce with experts predicting it to reach USD 880-890/ounce.
2. The confidence shown by the foreign investors indicates that the company might have some "goods" up its sleeve that is yet to be announced. I think those foreign investors are not "no brainers" to simply put their money on a company.
3. The drilling report for Mt. Carbine and if this project turns out to be succesful, it will be the key for the soaring of the share price.
Hope my amateur-ish analysis is not too amateur. thank you.
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From the drilling update announcement and boardroom radio interview with John Kelly, there is exciting times ahead for RAU.
There are many announcements that will be flowing through Nov & Dec that were outlined in todays announcement:
Northcote Gold Project (75% owned) - Last 6 drillhole results expected 1st/2nd week Nov
Barraga Copper-Gold Project (75% owned) - 3 drillhole results expected 1st/2nd week Nov & other 5 drillhole results expected 3rd/4th week Nov
Mt Carbine Tungsten Project (Option to Purchase) - 8 drillhole assay results expected late Nov
Whumbal West Tungsten Project (100% owned) - 3 drillhole results expected late Nov/early Dec, remaining drilling to be completed next week
Tregoora Gold Project (100% owned) - Drilling will commence next week
Even though it wasn't stated in the drilling update, i would expect the remaining drillhole results for Whumbal West and drilling results for Tregoora to be expected in the period mid Dec through to mid Jan.
So a lot of potentially exciting results to be delivered between now and early in the new year. I topped up with some more earlier today at 0.088. Good luck all and DYOR (but its all laid out in the drilling update today and it was very plain to me the excitement in John Kelly's voice in the boardroom interview)
Well ..... RAU just continues to have an amazing run .... what a gem! ....we haven't even seen any of the above listed drilling result yet this month and since i topped up last Friday its gone up almost another 80%. Gotta be happy with that
It will be interesting to see how the market responds to the drilling results and whether some of the upside may have already been factored in.Seeing as we didn't see any drill results last week, it would seem that there are two sets of drilling results due this coming week. These are from the Northcote Gold Project and also from Barraga Copper-Gold Project. Good luck to all fellow holders of RAU! Here's to another very interesting week ahead for RAU
Whiskers
It's a small world
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Well ..... RAU just continues to have an amazing run .... what a gem! ....we haven't even seen any of the above listed drilling result yet this month and since i topped up last Friday its gone up almost another 80%. Gotta be happy with that
Seeing as we didn't see any drill results last week, it would seem that there are two sets of drilling results due this coming week. These are from the Northcote Gold Project and also from Barraga Copper-Gold Project. Good luck to all fellow holders of RAU! Here's to another very interesting week ahead for RAU
It sure has been a solid performance, AussiePaul.
It gained a tad more since I took my profit. But mind you I'm ready to get back in pretty smartly. My main concern as you hint to, is what is the valuation going to be when the drill results come out, cos they have more than 597m shares and 214m options in the money and if exercised worth abt$6.5m to the company.
As I noted earlier, with a lot of Aisian investers jumping on board and my concern about their valuations relative to ours, I wondered if the price might fall just as spectactularly if either the market crashed or the results were not up to expectations.
I obviously had to take a best guess as to when the drill results would be out, and anticipating a correction if not another mini crash in the market I chickened out and took my profits.
I'm thinking monday should be a pretty subdued day unless some results come out, by the way the FTSE and Dow finished last week.
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up 2c and looking pretty solid there. I'm really hoping for some drill results soon. Its certinally an interesting ride.
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Agree interesting. I didnt think it would run this far, and am a bit worried that is has gone too far too fast.
Does anyone think that average drill results could result in a pullback?
Does anyone think that average drill results could result in a pullback?
20c milestone reached today at 10.50 am.....guys any idea where this is heading to? I am in since 3.6c & as I do not book in profits (no free-carry stuff for me), just wondering whats next here? I know the announcements have been fast & furious & very very good & with Asian money backing this up are we looking at some serious $$$ figures here? I have never been on a ride in a speccie from a few cents to 20c, hence just want to know if you guys have been in similar rides before & what to expect ....
Sean K
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Been there before and have ridden the stock all the way to the edge, and over, and back to the bottom. I've also sold on 200% gain, and watched a 500% run follow. I've also sold half on a 100% gain, gone free carried, and been very happy. The profits go into the next spec that hasn't run. My current policy on specs. Each to their own.
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This was my first real good winner. But with that said, I'm still kicking my self because I sold out way too early. I still have some free carried now but still I've really missed out big time. Oh well, such is life.
kicking my self because I sold out way too early. I still have some free carried now but still I've really missed out big time. Oh well, such is life.
Sean K
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Who was to know Gordon? Anything else could have happened to stop the run. If you are 'trading' specs, then I think you need to have a solid exit plan. Being 'greedy' and holding on for just a bit longer, can be a traders failure IMO. I think having a target, or a 'valuation', and holding on to that number and then moving on, is a decent plan. But I am not really a 'trader' so....This was my first real good winner. But with that said, I'm still
This will go to $10 now. LOL
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Who was to know Gordon? Anything else could have happened to stop the run. If you are 'trading' specs, then I think you need to have a solid exit plan. Being 'greedy' and holding on for just a bit longer, can be a traders failure IMO. I think having a target, or a 'valuation', and holding on to that number and then moving on, is a decent plan. But I am not really a 'trader' so....
This will go to $10 now. LOL
Is today's rise supported by any expectations or results?
Just wondering if they will be releaseing anything out soon?
How is volume today?
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42mil volume and up 3c today - with no news. I was told that there were results due out last friday, so they cant be far away.
Its my opinion that alot of the people that are on this stock are in for the medium term, in regards to so many drilling results due out over the next few months. In my opinion, even if the next drill result was not so spectacular we wouldn't see a major drop because people are there to 'ride it out' through all the drill results. I could be wrong.
Its my opinion that alot of the people that are on this stock are in for the medium term, in regards to so many drilling results due out over the next few months. In my opinion, even if the next drill result was not so spectacular we wouldn't see a major drop because people are there to 'ride it out' through all the drill results. I could be wrong.
rapture2002ca
Crisis
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I'm absoulutely loving today. Over 70 million traded and still no ann.
I thought 11c was too high, I'm glad I just on this tram.
I can imagine you guys who bought this at 3.5c. What a ride!
I thought 11c was too high, I'm glad I just on this tram.
I can imagine you guys who bought this at 3.5c. What a ride!
OK people, here's a stab at some FA based on RAUs Whumbal West tungsten deposit (at least the potential??)
At current WO3 prices of $23/kg, and a strike length of 3km x 200m (average width) x 20m (this is the guesswork, along with grade) x 2 tonnes/m3 x 0.2% WO3 gives us... 24 million tonnes x 0.2% = 50000 tonnes of WO3 @ $23000/tonne = $US1.15 billion
That is extremely rough, as I'm sure all you other FA experts will tell me, with the main points to get from the upcoming assays being the grade and depth of intercept.
As a comparison for mining costs, the Tiberon Minerals Nui Phao tungsten mine in Vietnam, which has one of the lower mining costs in the world tunsgten market, is $US8 per tonne. If we take a 20% markup on that and say $US10 per tonne, for 24 million tonnes we have a cost of $US240 million.
http://www.metalsnews.com/include.aspx?webpage=/public/tiberon/TiberonMinerals_TungstenMarket.htm
Then add in capital costs of ???? maybe $100 million????? and that leaves us with about $US700 million net income over the next ?? say 15 years at $US45 million per year.
So, when we get assay results, we will be able to firm this up, but if this is in the ball park, then it still makes the current market cap of $US120 million a reasonable price, considering the other projects RAU has on the go.
Feel free to comment - in fact I'd appreciate some!!
At current WO3 prices of $23/kg, and a strike length of 3km x 200m (average width) x 20m (this is the guesswork, along with grade) x 2 tonnes/m3 x 0.2% WO3 gives us... 24 million tonnes x 0.2% = 50000 tonnes of WO3 @ $23000/tonne = $US1.15 billion
That is extremely rough, as I'm sure all you other FA experts will tell me, with the main points to get from the upcoming assays being the grade and depth of intercept.
As a comparison for mining costs, the Tiberon Minerals Nui Phao tungsten mine in Vietnam, which has one of the lower mining costs in the world tunsgten market, is $US8 per tonne. If we take a 20% markup on that and say $US10 per tonne, for 24 million tonnes we have a cost of $US240 million.
http://www.metalsnews.com/include.aspx?webpage=/public/tiberon/TiberonMinerals_TungstenMarket.htm
Then add in capital costs of ???? maybe $100 million????? and that leaves us with about $US700 million net income over the next ?? say 15 years at $US45 million per year.
So, when we get assay results, we will be able to firm this up, but if this is in the ball park, then it still makes the current market cap of $US120 million a reasonable price, considering the other projects RAU has on the go.
Feel free to comment - in fact I'd appreciate some!!