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RAU - Republic Gold

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Ahh so there is news out.

RGL
ASX ANNOUNCEMENT
24 September 2007
The Manager
Companies Announcement Platform
Australian Stock Exchange Limited
DRILL RIG COMMENCES WORK AT MT CARBINE
The Board of Republic Gold (“Republic” or the “Company”) announces that it’s contract drill rig has set
up on its first diamond drillhole at the Mt Carbine mine and will commence drilling soon. Mt Carbine is
currently the subject of an option arrangement whereby the Company has been granted exclusivity by the
owner of Mt Carbine to assess the property.
FNQ drilling contractor Drill North Pty Limited completed drilling at the Company’s 75%-owned Northcote
Project on Sunday before moving to Mt Carbine.
The Mt Carbine drilling will see three targets drilled. The first target is the mineralised body beneath the
former open pit. Two diamond drillholes that are each approximately 350 metres long will be drilled from
the north-east corner of the pit through the mineralisation and pass into the South Wall Fault where the
holes will terminate. One of the drillholes will parallel an existing drillhole and the second will cross two
existing drillholes. Both drillholes will cross the projection of a number of mineralised zones mined in the
open pit.
The second target will be the No 4 tailings dam where visible scheelite mineralisation can be seen under
an ultra-violet lamp. Mine records indicate that there is approximately 2 million tonnes of tailings in this
dump. This dump will be targeted with six short drillholes.
The third target will be the reject crushed ore stockpile which contains approximately 7 million tonnes.
This dump will be targeted with a series of six short drillholes.
Yours faithfully
John Kelly
Managing Director
Republic Gold Limited
For personal use only
 

RAU are drilling / targetting the granite "rejects" in both the tailings dam and crushed ore stockpile. This flows on from the work done by VML at neaby Watershed where they discovered significant quantities of tungsten in the granite. My understanding is that the original photometric sorting at Mt Carbine extracted most of the quartz that was the known carrier of tungsten in the area. Now RAU is targeting a reject pile probably containing significant quantities of granite of 7 million tonnes, tailings of 2 million and freah ore in the floor of the old open pit for 1 million tonnes.

There could be very significant quantities of remaining tungsten. Assume a head grade of .075% v the old .9% we get 16,500,000 pounds / 750,000 MTU's worth around US$180,000,000. Mining of crushed ore and tailings would be very cheap.
 
Larger volume again today following on from a big move late in Friday's trading. IMO the announcement today in regard to drill rig commencing work at Mt Carbine isn't the reason for the increased volume and upward movement in SP.....lol !!
RAU tested the four month high of 0.043 in intra day trading a few times before settling back to 0.04 at close. Will be interesting to see whether an announcement follows soon!
 
AussiePaul72 said:
IMO the announcement today in regard to drill rig commencing work at Mt Carbine isn't the reason for the increased volume and upward movement in SP.....lol !!
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I'm inclined to agree AussiePaul. I suspect another lot of soil sample assays (abt 271) are due out from Whumbal West. The following extract is from the enhanced assay results announcement on 10 Sept.

The Company submitted further samples for analysis for infill and line extension sampling at
Whumbal West in mid-August. In the normal course of events, it would be expected that the
results of this work would be available within 4 to 6 weeks.
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Can't wait for them to surface.
 
Whiskers said:
I'm inclined to agree AussiePaul. I suspect another lot of soil sample assays (abt 271) are due out from Whumbal West. The following extract is from the enhanced assay results announcement on 10 Sept.



Can't wait for them to surface.
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There is also a second set of surface assays that are due from a number of anomalies located in the general area of Whumbal West. RAU reported them as due about three week/four weeks ago. They might have been held up after RAU were told by their consultants that the original aqua regia assays at Whumbal West were understated by about 90%. These assays are for moly, tungsten tin and possibly other metals.
 
Another good day. Currently up %12.50. It is reaching highs now and yet for some reason it barely ever gets any mention on here.
 
gordon2007 said:
Another good day. Currently up %12.50. It is reaching highs now and yet for some reason it barely ever gets any mention on here.
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It did draw attention prior to market shakeup, but seems to have fallen under radar for now..

So many exceptional shares, may have pushed this of the stage..

SevenFX
 
gordon2007 said:
Another good day. Currently up %12.50. It is reaching highs now and yet for some reason it barely ever gets any mention on here.
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If you can believe the reports coming through it may well be underpriced. But due to past shennannigins by the previous management, investors are wary. The chart would suggest something is afoot but with no announcement one should remain a bit sceptical.
 

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Yes I have heard and read about past problems. I also think things could be turning around. With that said, I cashed out today with a nice profit and also kept a fair few shares that are held free now. For me, this was a bit of a learning curve. I've held this one longer than any other shares I've had. I didn't panic when the market went haywire a couple of months ago. So for me, to come away with what I did I feel good about it. Good luck to anyone else holding.
 

Good for you on that. You say that you ..."think things could be turning around". Ponder this point, it is dangerous to just think, you are playing with real money when you go into the market. You must KNOW, have a read up on Warren Buffet the wealthiest investor in the world. His motto, never buy something that you do not understand. He did not get caught in the dot.com bubble because he did not understand IT, therefore had no holdings. Stick to this to the letter and you will succeed as an investor
 

I have cashed out today as well having been in for a few months also. Has lots of potential and will see what evolves over the next few weeks. Still uncertain what the market will do so wanted to at least have some cash on the sideline.
 
Its a shame that the boardroom interview released today was so brief with John Kelly. I'm sure many of us would have liked a range of other questions posed to John, particularly about Whumbal West analysis samples due any time now and also drilling sample results of possible new tungsten anomalies in the immediate area.
I can only presume that the big volumes since late Friday and increase in SP is a leak of this information into the market. If this is the case, at least it would appear that the news coming would be very good!!
I've been holding RAU for a couple of months now and its good to see interest and SP moving in a very positive direction as they appear to be sitting on a very promising tungsten resource at Whumbal West aswell as potential for discovery of new anomalies in the area, together with Mt Carbine and the Burraga copper/gold project.
Does anybody think RAU may get a speeding ticket shortly? Or will they escape this because there has been a couple of announcements released this week to the ASX, even though it doesn't take Einstein to see that these announcements have nothing to do with the large volume and movement in SP?
 

Yeah, I was thinking the same today, although I don't know the criteria, they must be getting close.

I bought the options as a short term play, but I also am going to hold for longer. I looked at getting into SDL earlier this year at about 7.5c, but left it too late. A WA newspaper broke the story that they were way undervalued and the rest is history. Early days yet, but I'm wondering whether we might have something of a similar sleeping giant when this resource is defined.
 

Hey Whiskers I certainly hope RAU is another sleeping giant like SDL. I got onto SDL at 23c and still hold and very happy with the current status I bought into RAU at 3.5c and would be only to happy to see it take a similar track to SDL I am very encouraged by RAU's current potential but way too early to get too excited yet ..... but if it comes off i'll shout :bier:
 

Needless to say he did not make any money on this dot.com boom, given how long it went for.

There is a lot of focus on how much people lost, but little focus on how much people MADE...

Guess WB is purely a fundermental trader, not technical analyst hence why he didn't enter this boom.

SevenFX
 


Buffet as well as fundamental takes particular notice of trends. When it is all stripped down, technical anaylsis has at its very core, the trend in price and volume. What confuses is the different time frames. When you trade/invest, taking all time frames and fundamentals together, then you can say you are approaching a WB.
 
Interesting....as fast as it seems to have gone up the last few days....it's crashing back down too. Anyone else who follows this....are they aware if it was played on any other boards?
 
Whiskers said:
I might just take you up on that AussiePaul.

I got the options at .021. Hard to see us loosing at those prices.
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You would be most welcome Whiskers ...... and i agree .... hard to see things going pear shaped from the point where we jumped on board .... and now the train appears to be gaining momentum ... go you good thing!!!

RAU seemed to have a good consolidation day today IMO after its recent rapid rise. I was surprised once again that no announcement was forthcoming.....and for that matter no speeding ticket either (well that we are aware of anyway??). Drill results have got to be any day now!
 
Looks like a more significant longer term breakout may be on the cards here. Cracking and holding above 5 cents will be very significant IMO.
 

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