Australian (ASX) Stock Market Forum

RAU - Republic Gold

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I reckon they could find football sized lumps of gold but the way the market is right now I don't think that would raise an eyelid:eek:
I think there is a collective "just get me to the christmas holidays now" feeling out there at the moment.:rolleyes:
 
X888 said:
actually this is a good thing :

1. shows confidence in the company
2. directors will try to exercise as close to the lowest price as possible to minimise taxes
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Please explain...
Why would it be a tax advantage? The exercise price is the cost base. So how does the market price affect their tax?

:confused: Unless they on-sell on market...
 
Wow ...... big surge on descent volume of 44 Million today. RAU opened in low 8's today and closed at 11c .....UP OVER 30% on no news! Quite a turn around to the down-ward settling trend it was on.
I wonder if the market considered it was oversold at a SP under 10c? or i wonder if there is positive news on the way? or i wonder if overseas investors are buying in (possibly Chinese after recent visit)? ......i'd like to know what others think is the most likely!!!
I'm holding ... :D
 
My take on RAU is that the Whumbal West deposit was the project that the SP took off on - others have posted that Burraga or other gold deposits were the attraction. If it is WW that is attracting attention then it may be that people are positioning in anticipation of those results, which are due out any day. As I am holding it is obviously my hope that these results are V good ;)
 
jonojpsg said:
My take on RAU is that the Whumbal West deposit was the project that the SP took off on - others have posted that Burraga or other gold deposits were the attraction. If it is WW that is attracting attention then it may be that people are positioning in anticipation of those results, which are due out any day. As I am holding it is obviously my hope that these results are V good ;)
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uhm.. if i were correct,
there is a high speculation on RAU at the moment regarding tungsten mine, in mt Carbine which the result will due in early january (rumors).
this may trigger the buying on rumors.
cheers
 
There has been a lot of increased interest in RAU over the last 2 days trading.

We've now seen a very impressive SP increase over 60% in 2 days from an intraday low of 8.1c yesterday to an intraday high of 13.5c today on good volumes of 44 million yesterday and 51 million today.

There is still a lot of news pending for RAU and from my reckoning this is what is still to come:
* Northcote Gold Project - drilling results for remaining 6 holes
* Mt Carbine Tungsten Project - drilling results from 8 holes
* Whumbal West Tungsten Project - full set of drillhole results
* Tregoora Gold Project - drilling results

Aswell as these significant drilling results there are also plenty of other things happening for RAU:
* Expected purchase agreement to be finalised for Mt Carbine Project
* Strong interest from Chinese mining company delegation who visited some projects recently and intend coming back to visit in the new year again

I think the current RAU share price run may be related to the purchase of the Mt Carbine Project together with the pending Whumbal West drilling results as this tungsten anomoly could be proven a very significant resource!

Its easy to see that there is potentially a LOT of upside to RAU in the future! However, this is all IMHO........before investing DYOR! :D
 
AussiePaul72 said:
There has been a lot of increased interest in RAU over the last 2 days trading.

We've now seen a very impressive SP increase over 60% in 2 days from an intraday low of 8.1c yesterday to an intraday high of 13.5c today on good volumes of 44 million yesterday and 51 million today.

There is still a lot of news pending for RAU and from my reckoning this is what is still to come:
* Northcote Gold Project - drilling results for remaining 6 holes
* Mt Carbine Tungsten Project - drilling results from 8 holes
* Whumbal West Tungsten Project - full set of drillhole results
* Tregoora Gold Project - drilling results

Aswell as these significant drilling results there are also plenty of other things happening for RAU:
* Expected purchase agreement to be finalised for Mt Carbine Project
* Strong interest from Chinese mining company delegation who visited some projects recently and intend coming back to visit in the new year again

I think the current RAU share price run may be related to the purchase of the Mt Carbine Project together with the pending Whumbal West drilling results as this tungsten anomoly could be proven a very significant resource!

Its easy to see that there is potentially a LOT of upside to RAU in the future! However, this is all IMHO........before investing DYOR! :D
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RAU continues to march forward closing at 13.5c yesterday on an ordinary day. Quite fascinating to watch the market depth. There are high numbers on the sellers side at each level (I'm assuming from short term traders that got caught on the last rise and fall and now want out) ..... however even with these large numbers on the sellers side, the buyers are steadily chomping away at each level. I actually feel much more comfortable with the share price steadily rising this time, instead of the VERY rapid rise last time and hence the falling back last time. Fundamentals have not changed and there is lots of news to come!
How do other RAU holders and watchers perceive this movement and market depth?
Best of luck to all :D
 
AussiePaul72 said:
RAU continues to march forward closing at 13.5c yesterday on an ordinary day. Quite fascinating to watch the market depth. There are high numbers on the sellers side at each level (I'm assuming from short term traders that got caught on the last rise and fall and now want out) ..... however even with these large numbers on the sellers side, the buyers are steadily chomping away at each level. I actually feel much more comfortable with the share price steadily rising this time, instead of the VERY rapid rise last time and hence the falling back last time. Fundamentals have not changed and there is lots of news to come!
How do other RAU holders and watchers perceive this movement and market depth?
Best of luck to all :D
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It was between RAU and EXM yesterday. EXM won because of the sell volume lined up on RAU... and my chart said if EXM went above .034 yesterday it would break out. I waited. .035 then .034 and I got it! At .037 close today I was right. It's off. Anns coming soon should fuel it.

With the vol of RAU I was right not to buy yesterday despite the initial drop to .105. It went down from .135 to .12 today due to those backlog sellers. The prices are even now in the top five lines but the .15 and up sellers (probably buyers from 20-28 Dec) have to retreat to tempt me in. I hope I have a week to get more $ so I can pick it up about 10-11 before an ann comes in!

Only three weeks left to sit all day and try to daytrade! Then back to school! :(
 
Doris said:
... have to retreat to tempt me in. I hope I have a week to get more $ so I can pick it up about 10-11 before an ann comes in!
(
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Might even tempt me back in if they get down into the 8c again, now that the POG has risen and copper seems to have bottomed. But I would really feel more comfortable if they had that luzon business completed and Mt Carbine signed and sealed just to improve the balance sheet a bit and get rid of some of the uncertainty and speculation.
 
Whiskers said:
Might even tempt me back in if they get down into the 8c again, now that the POG has risen and copper seems to have bottomed. But I would really feel more comfortable if they had that luzon business completed and Mt Carbine signed and sealed just to improve the balance sheet a bit and get rid of some of the uncertainty and speculation.
Click to expand...

I think RAU has suffered from the uncertain market lately. I'm no TA expert but to me it would seem to have good resistance at around the 8.5c level. If the uncertainty continues (as you would expect Monday to be a down day) we may see RAU get down to those levels again. However, with so much news pending on significant projects I'd be surprised if it didn't at least hang around the 10c level as larger volumes of sellers seem to be reluctant to go under 10c.
Hopefully some news soon on Mt Carbine and Whumbal West!! :D
 
TUNGSTEN MINERALISATION ENCOUNTERED IN 11 OUT OF 13

Released this morning, good news to hear they have hit Tungsten!
Anyone care to interpret the results and whether it's a substantial find?


KEY POINTS
Best intersections of 4 metres at 0.09% WO ,8 metres at 0.08% WO , 1 metre at
3 3
, 1 metre at 0.35% WO , 3 metres at 0.09% WO ,2 metres at 0.10%
0.40% WO
3 3 3
WO
, 1 metre at 0.15% WO and 1 metre at 0.14% WO .
3 3 3 The previously defined Whumbal West scheelite geochemical anomaly has been
drilled with 1,456 metres of RC and diamond drilling. Of the total of 13 completed exploration holes drilled; 11 holes encountered
tungsten mineralisation and only 2 were barren. The previously defined 3,500-metre long tungsten anomaly was drilled over a
very wide-spaced section spacing of 350 metres in the central portion of the
anomaly over a strike length of approximately 1,300 metres. The drilling leaves
the mineralisation open to the north and the south. The anomaly has been drilled for 300 metres across strike on two drill sections. Highly favourable geological setting, with coincident geology, geochemistry and
geophysics being confirmed by positive drilling results. A Stage 2 drilling programme will now be designed with drilling to take place
following the wet season.
 
New Ann. Great results.

ASX ANNOUNCEMENT
25 January 2008
The Manager
Companies Announcement Platform
Australian Stock Exchange Limited
REGIONAL EXPLORATION DRILLING AT TREGOORA
INTERSECTS 6 METRES AT 8.47 G/T AU

KEY POINTS
♦ Best intersections of 6m @ 8.47 g/t Au, 30m @ 0.64 g/t Au, 4m @ 3.64 g/t Au, 8m @ 1.67 g/t Au,
20m @ 0.63 g/t Au and 4m @ 2.57 g/t Au.
♦ Drilling confirms the importance of the Tregoora region to the Company’s FNQ operations.
♦ Drilling results have sufficient width and grade to add to the resource base for the proposed heap
leach operation at Tregoora that is the subject of a Feasibility Study in 2008.
♦ These results extend known mineralisation 7 kilometres north of the Retina open cut workings
and extend known mineralisation to 10 kilometres along the Retina Fault within EPM 13937.
♦ Five areas were drilled, with strong indications of potential resources for two of these areas.
♦ The geology of this region is now better understood with distinct structural bedding plane faults off
the main Retina Fault being seen as the loci for mineralisation.
♦ A stratigraphic geological target at the Red Dam Prospect has demonstrated continuous
mineralisation in the drilling and exhibits similarities to a VMS setting.
♦ A review of the drilling programme has now commenced and additional drilling will be designed to
increase the confidence of the interpretations in two of the areas in order that new resources can
be calculated, with drilling to take place following the wet season.
♦ The Company is in a strong financial position to accelerate development, moving towards
production.

The Board of Republic Gold (“Republic” or the “Company”) today announces the results of December’s
drilling programme at the Tregoora Gold Project in Far North Queensland.
The drilling programme focussed on five target areas along the Retina Fault and has been successful in
intersecting gold in three of the five areas. Intersections and historic mining along the Retina Fault is now
known to cover a distance of 20 kilometres of strike demonstrating that this fault is a major regional
mineralising structure.

Republic said that the strong results are very encouraging and confirmed the importance of the Tregoora
region to the Company’s Far North Queensland operations.

Republic today announces that planning for the next stage of drilling at Tregoora is well advanced and would
commence shortly, weather permitting.

Managing Director of Republic Gold, Mr John Kelly said “The Company is embarking on a Feasibility Study for
its gold projects in Far North Queensland. A number of these results will be followed up with additional
drilling in order to achieve a drilling density that is sufficiently close to calculate new gold resources.
“Many of these results would be economic at the current gold price in any projected operation at Tregoora
for either oxide or sulphide mineralisation Heap leaching treatment of both oxide and sulphide
mineralisation is expected to have an attendant low unit cost base. The results of this drilling are a strong
step towards production on this very important tenement. Highly positive drilling results have been achieved
by the Company after a significant exploration effort at Tregoora in the past three years, not only along the
Retina Fault, but on other geological structures just a few kilometres to the east.
With over $9 million in the bank the Company is in a very strong position to accelerate development at
Tregoora.”

The drilling was done on five distinct prospects, which are from south to north; Retina North, Jack’s Dam
South, Terrace Creek, West Ridge and Red Dam. All of the drilling targeted geochemical anomalies, with
some areas following up older drilling as well.

The figure below shows a plan of the drillhole locations at the various prospects north of the existing
156,000 ounce indicated and inferred gold resource at Tregoora, extending the mineralisation in a northerly
direction to eight kilometres of strike length along the regionally significant Retina Fault.

Terrace Creek Prospect
The Terrace Creek Prospect is the site of the Company’s initial drilling success in this area in 2006 with
FN006 intersecting 12 metres at 2.88 g/t Au. The 2007 drilling programme saw seven new holes follow-up
this success. The best hole in the new programme, FN014 (6 metres at 8.47 g/t Au), is 100 metres north of
FN006. Hole FN031 was terminated prematurely and will require a diamond tail. The geology of this zone
now demonstrates continuity for 300 metres and is open to the north and south. The 2008 drilling
programme will in-fill drill this area to enable a resource to be calculated.

Retina North Prospect
Retina North sits at the southern end of the area drilled in 2007 amongst a nest of open pits mined in the
1990s and a series of holes drilled in the 1980s. The recent drilling has better defined the geology of this
northerly region and it is now understood that there is a series of bedding-related splay faults off the main
Retina Fault at which host mineralisation. This area now shows distinct structural similarities to the
Fosterville Mine in Central Victoria, which is the Company’s geological model for the region. Fosterville’s
historic and current resource inventory exceeds 3 million ounces of gold. There are two bedding-related
splay faults at Retina North that will be in-fill drilled in the 2008 drilling programme to enable gold resources
to be calculated in this area.

Red Dam Prospect
The Red Dam Prospect lies on a bedding splay fault at the northern end of the zone drilled. This geology
consists of a basalt /chert contact zone on the splay fault. Eight holes were drilled and all intersected
mineralisation, albeit generally narrow. Most holes have multiple intersections. The positive results and
intriguing geology with similarities to a VMS (Volcanogenic Massive Sulphide) setting means that this area
will see additional drilling in the 2008 drilling programme. If this geological setting proves to be correct this
could have very positive implications for the base metals in the area.

Jack’s Dam South and West Ridge Prospects
The Jack’s Dam South and West Ridge Prospects returned no significant intersections and will be reviewed.
General
A total of 2,327 metres of RC drilling was completed in 32 holes in the programme. Only seven of the 32
holes failed to intersect any mineralisation. Drilling intersections quoted are all downhole widths, which in
general are targeted to intersect postulated mineralised zones at angles of greater than 30°, i.e.
approaching perpendicular as far as practicable.
Planning for a 2008 field season drilling programme has commenced and will be targeted at extending and
better defining these new areas of mineralisation with a view to developing resources in these areas to feed
into the Feasibility Study for Tregoora.
The Tregoora exploration licence, EPM 13937, is 100% owned by Republic.

Mt Carbine Purchase Option Update
Work continues on the purchase of the Mt Carbine Project.

Further Drilling Results
Further drilling analysis results for the Northcote Gold Project in Far North Queensland and the Burraga
Polymetallic Project in NSW are either being examined by the Company’s geologists or are expected from the
laboratory soon.
 
Can anyone please comment on the significance of these findings. 8g/t - is this a good gold grade at this depth? Please share your thoughts so that novice like me can get some education on how to interpret these results in the future....

Many thanks in advance!!!!
 
Sorry for being offtopic. I remember there was a thread which mentioned how to interpret the grades of gold/minerals etc.

Does anyone know the post?
 
Mt Carbine has (temporarily??) fallen through...

RAU ann certainly suggests talks still possible...

any other thoughts??
 
Viginti said:
Mt Carbine has (temporarily??) fallen through...

RAU ann certainly suggests talks still possible...

any other thoughts??
Click to expand...

Not surprised they couldn't get an agreement following the Luzon debarkle.

Firstly, I wouldn't have raved on so excitedly about the project until I had it in the bag. All that has done is allow the seller to lure you up to a higher price.

Now the market is open to all comers, but RAU might have a little up their sleave from purchasing some previous records, but they would want to seal this one fairly quickly or loose investor confidence again.

The script element of the deal is probably the problem.
 
Well today was a real debacle for all RAU holders.:(

If the market didn't end up the way it did, I reckon RAU would have suffered a lot worse.

What does everyone else think about RAU situation? Is it a sinking boat?

I still believe in there other projects just that they seem pretty premature at this stage and will take years to get off the ground.

Not sure if I should sell and try to make back my money elsewhere or put them in the bottom draw.:confused:
 
This is just another example of my trading rules, "when a yet to dig anything out of the ground miners shares spike flog them off", this wirks 9 times out of ten, RAU is a classic, porkpie
 
porkpie324 said:
This is just another example of my trading rules, "when a yet to dig anything out of the ground miners shares spike flog them off", this wirks 9 times out of ten, RAU is a classic, porkpie
Click to expand...

Excellent words of wisdom Porkpie....lesson learnt the hard way in RAU for me now....bought in at 3.6c & was jumping with joy to see it hit 29c in a matter of weeks (my biggest ride on a speccie so far & I had bought a really biiiiig parcel - compared to my other holdings)....then when it started slipping from 29c to 20s & teens & low 10s I couldn't flog them off....& now this announcement :-(

Not sure of how to play it now !!!!!
 
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