Australian (ASX) Stock Market Forum

RAU - Republic Gold

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mick2006 said:
just finished listening to the boardroom radio interview with RAU, with a few very interesting points raised.

-They have an extensive database compiled by BHP for their NQ tennements
-Already have substantial Gold resources
-Some of the recent Tungsten readings were off the chart they were that high.
-Interesting to note how the price of Tungsten has risen 6 fold in the last five years
-And finally the most important thing they are expecting a new set of assay results within a week from an area that is very prospective for tin/tungsten/molybdenum. If they have any decent samples in this next set of assay results it could certainly drive this one higher.


I don't know about you guys but with the recent surge in interest in the spec. mining sector it maybe worth putting a few dollars into RAU.

I think I will grab a stake tomorrow in the hope the upcoming sampling assays will drive this one higher.

This is another one that will have plenty of news going forward with both extensive drilling/sampling programs.

Also the results of the due dillegence on the Mt Carbine Tungsten project which could be a real company maker for RAU.
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IF u go back to the maps that RAU published from the old BHP data it becomes apparent that there is potential for a number of mines to exist on the RAU tenements (6,000 sq kms). BHP identified seven major anomalous areas for WO3. One of those is Watershed now owned by VML, the other six are all owned by RAU.

It is interesting to note that RAU did detailed sampling on Whumbal because it was the EASIEST target to get to after the rainy season finished AND the sampling data already released IMHO is very impressive. They have also completed the first run of sampling on a number of the other anomalous areas identified by BHP and results are imminent, one of the areas carries moly values.

The stock has held up very well to-day and the oppies have been extremely strong. I suspect that there may be parties trying to get a major position in the company which explains the strong interest.
 
I agree there with you Sydneysider the stock has held up extremely well today all things considered, infact the buying depth has increased as the day has gone on, certainly signs that this one wants to go higher.

I was lucky to jump on this morning at 3.3c plenty of upside left in this one.
 
hey sydney - loved todays strength in the face of a bloody massacre.

Got myself a nice parcel of options to boot/.
 
I agree!! I took the dive and got into RAU today. Even after doing my research I still wasn't sure i did the right thing after purchasing today, but at close i felt very encouraged. There is obviously good support for this stock out there, particularly considering the day it was on the market. Hopefully there are good things to come once the announcements start flowing.
I'm quite a novice in the market but have done reasonably well since i started investing in shares back in late March. I haven't been on ASF that long but want to thank all of you experienced investors (both techies & fundies) as i have learnt a lot from all of you so far.......cheers and thanks for sharing your knowledge with others!! :D
 
gordon2007 said:
News out on RAU.

http://www.asx.com.au/asxpdf/20070731/pdf/313q8jh638tb21.pdf

Wonder how it will be received.
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The technicals have now swung to the bullish side. Daily chart shows a breakout from a pennant that retraced to 3.2 and has now "broken" to the upside at 4.1. We have fairly decent volume confirmation that the upward trend is resuming. Watch volume carefully. A break above 4.3 will give us a count to 7.1 (counting from the base at 1.5 to the top of the pennant at 4.3 = 2.8 cents). So 4.3 + 2.8 = 7.1.

Quarterly is still due. I heard that the local North Queensland paper has been touting RAU as a major tungsten discovery. Lots of interest in the stock with to-day's volume already a very healthy 37,000,000. The oppies hit 3 cents in an extremely bullish show of bravado. I suspect that the oppies are being accumulated for a possible "run at" or JV with RAU. My sense is that the buyers are predicting much higher prices for RAU. Good luck to all longs.
 

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Looks like they're back from LATE lunch with large parcels of 1m-1.5m entering ther buy side.

Total b/s volumes starting to look better, with buyers churning through 4.1c

SevenFX
 
Hey tekk - todays announcement gives RAU a concrete footing. They have a tungsten deposit. forget the gold, this is arguably their most important ann. so far...

edit - lol as soon as i say that, we need a competent person statement. hold onto your hats this will e a deposit yet!
 
Caliente said:
Hey tekk - todays announcement gives RAU a concrete footing. They have a tungsten deposit. forget the gold, this is arguably their most important ann. so far...

edit - lol as soon as i say that, we need a competent person statement. hold onto your hats this will e a deposit yet!
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Welcome C, Yes certainly looking much better from a chart n anns pov.

Though, as I type/speak it's getting heavily traded with lots of traders volume in the last hr.

ATM it seems range bound bet 3.9c & 4.1c so till we see heavy volumes above/below that, it may be channeling there for the rest of the day(S).

SevenFX
 
sydneysider said:
The technicals have now swung to the bullish side. Daily chart shows a breakout from a pennant that retraced to 3.2 and has now "broken" to the upside at 4.1. We have fairly decent volume confirmation that the upward trend is resuming. Watch volume carefully. A break above 4.3 will give us a count to 7.1 (counting from the base at 1.5 to the top of the pennant at 4.3 = 2.8 cents). So 4.3 + 2.8 = 7.1.

Quarterly is still due. I heard that the local North Queensland paper has been touting RAU as a major tungsten discovery. Lots of interest in the stock with to-day's volume already a very healthy 37,000,000. The oppies hit 3 cents in an extremely bullish show of bravado. I suspect that the oppies are being accumulated for a possible "run at" or JV with RAU. My sense is that the buyers are predicting much higher prices for RAU. Good luck to all longs.
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Thanks for the charts and explanation Sydneysider! I bought in last Friday (nervously!!!) but the fundamentals look very promising, especially after todays announcement. Can we expect the quarterly this week?
I have a couple of questions that others may want to comment on:
(1) Does anybody think it will be a big concern that RAU are finding it difficult to come up with a drill rig?
(2) Will the approaching wet season slow their progress at all?
Just a few questions that i have been pondering. Regardless it was a very good day for RAU. Closed around 4.3 and hopefully a good day tomorrow and maybe we could be on our way. I hope your right sydneysider that we could be on our way to 7.1 if 4.3 is broken! That will be a celebration..... :2twocents:band
 
If anybody is really thinking there is some RAU specific problem with sourcing a drill rig, let me allay your fears:

1. Front cover story on Petroleum Mag was "Drill Rigs - The wait continues"
2. Feature Article in Mining Monthly was all about overall equipment shortages for exploration, specifically drill rigs.

I would hazard a guess that most drill rig operators have ongoing contracts and call-offs with majors, and thus smaller companies have to take their place in the queue as to availability.

Even booking one doesn't mean it will be available when you want it, just that you will get it when it's finished on the job before yours...it's a bit like trying to get a taxi anywhere but the CBD, Paddington and the Valley on a weekend night..which probably makes sense to the Brisbanites but you get the gist...

happy holding :D
 
sandlion said:
If anybody is really thinking there is some RAU specific problem with sourcing a drill rig, let me allay your fears:

1. Front cover story on Petroleum Mag was "Drill Rigs - The wait continues"
2. Feature Article in Mining Monthly was all about overall equipment shortages for exploration, specifically drill rigs.

I would hazard a guess that most drill rig operators have ongoing contracts and call-offs with majors, and thus smaller companies have to take their place in the queue as to availability.

Even booking one doesn't mean it will be available when you want it, just that you will get it when it's finished on the job before yours...it's a bit like trying to get a taxi anywhere but the CBD, Paddington and the Valley on a weekend night..which probably makes sense to the Brisbanites but you get the gist...

happy holding :D
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Sandlion, I wasn't thinking that it was an RAU specific problem sourcing a drill rig. Thanks for the info though and you confirmed what i was thinking. I wonder what sought of delay this may mean for RAU's timeline?

However, waiting for a drill rig doesn't change the fundamentals or analysis results to date. I'm in for the long term! :dance:
 
Is it just me or are there some really large buys on this today. The total volume is nothing to brag about, but the purchase amounts seem larger than normal today.
 
I am a little puzzled by the movement in RAU's SP lately. Results reported to date have been very promising. I thought the SP held up very well recently when the market was sliding. However, over the last couple of days the SP has taken a downturn. No news out and from my perspective the fundamentals still seem very promising and potentially exciting. I'd be interested to know what others read into this movement (if anything)?
 
while i dont follow rau heaps closely, it is on my watchlist.

i dont think there is much to read into it as the whole spec market is taking a hit even the 'solid' co's. And it will probably be volatile for a while yet, until the confidence comes back

depending on your strategy but either time to hold on, sell off, or a buying opportunity.
 
AussiePaul72 said:
Sandlion, I wasn't thinking that it was an RAU specific problem sourcing a drill rig. Thanks for the info though and you confirmed what i was thinking. I wonder what sought of delay this may mean for RAU's timeline?

However, waiting for a drill rig doesn't change the fundamentals or analysis results to date. I'm in for the long term! :dance:
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Well todays announcement answered my previous query. Announcement with more good news today from RAU in that they have secured drilling rigs and are planning to commence a drilling programme this week on the gold and tungsten projects in North Qld and then plan to drill the Burraga project in NSW in 2-3 weeks.

Also, at the end of the announcement John Kelly indicated there is a number of announcements due SOON and over the next couple of months:

(1) Assay results from a number of areas adjacent to Whumbal West will be progressively available over the next 1-2 weeks

(2) Due diligence on Mt Carbine is progressing successfully and a further announcement on this work is expected shortly

(3) Second round of sampling at the highly prospective Whumbal West tungsten project was completed last week. Its anticipated that assay results will be available in 6-7 weeks.

Very good day for RAU SP today on the good news .... up 45% !!! :D
 
New out today that they will commence drilling. Guess that is good news for those who had doubt.


http://www.asx.com.au/asxpdf/20070824/pdf/3144ps58vdwdc7.pdf



sandlion said:
If anybody is really thinking there is some RAU specific problem with sourcing a drill rig, let me allay your fears:

1. Front cover story on Petroleum Mag was "Drill Rigs - The wait continues"
2. Feature Article in Mining Monthly was all about overall equipment shortages for exploration, specifically drill rigs.

I would hazard a guess that most drill rig operators have ongoing contracts and call-offs with majors, and thus smaller companies have to take their place in the queue as to availability.

Even booking one doesn't mean it will be available when you want it, just that you will get it when it's finished on the job before yours...it's a bit like trying to get a taxi anywhere but the CBD, Paddington and the Valley on a weekend night..which probably makes sense to the Brisbanites but you get the gist...

happy holding :D
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Hi AussiePaul

AussiePaul72 said:
Also, at the end of the announcement John Kelly indicated there is a number of announcements due SOON and over the next couple of months:
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I wonder if the repayment of the $2.3m debt from Luzon will be one of them? :mad:

I also have only recently bought into them. I lost interest for awhile when the deal with Luzon started going wrong. Has anyone got any information how that's going? eg Is it an issue of Luzon contesting the debt or they can't raise the dough? :confused:

The soil sample assays adjacent Whumbal West should be out any day now too.
 
im not a holder, but from a very breif look at the ann it seems that all they have done is used a different method to analyse the rocks.

Seems a bit dodgy to me. IE - why did they need to use this method in the first place? what was wrong with the original way?

just seems as though they are trying to push the price. but i have very limited geo knowledge so dont take any notice of what i say. :D
 
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