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RAU - Republic Gold

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kennas said:
There are some fundamentals with this stock, so I do not want to take away from that, but there seems to be a lot of momentum trading going on at the minute. There's been $$ sitting on the sides waiting for direction and the direction is UP. Ups finish in downs. Be a boy scout. ;)
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Kennas, the "momentum" trading has been underway for four months...suspect that it is not momentum / day traders here but mahjong players? get my drift? The chart certainly looks good. RAU also announced visible metal in their cores at three different projects...too much going on to stay down.
 

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I may be completely wrong but i thought today was a very good consolidation day for RAU.
After a previous close of 8.1c, it opened today down at 7.3c and went as low as 7c (maybe due to the XAO being down as a flow on effect from the Dow being down significantly last night). However, it recovered the loss quickly and touched 9c well within the first hour of trading.
I think the most encouraging thing was that for the majority of the rest of the day the trading was consistently waivering in the low 8c range which was very good consolidation IMHO considering such a steep rise yesterday and a day where the XAO was down by as much as 80+ points at one stage and finished the day down 40 points.
I'd really like to know what has triggered the huge run this week. I agree with Sydneysider that it has shown good gains over the last months on some good fundamentals. Is it just that the market has become aware of RAU and (like me) considered it undervalued? And are we now seeing as a result of some big investors getting in on RAU .....a snowball effect with RAU now on many investors screens?
There was another possibility that crossed my mind as to the rapid rise this week in the SP. Does anyone know (Sydneysider???) if the case with LZN is any closer to being resolved? If LZN can only resolve by passing some of their projects on to RAU as settlement then this would obviously add value to RAU. If i recall correctly, i think Sydneysider stated that LZN had some highly prospective gold projects.
I'm holding and was considering buying more as noted in my post on the weekend and soooooooo wish i had bought more first thing Monday morning :banghead:
However, i am very pleased to be aboard! :D
 
AussiePaul72 said:
I may be completely wrong but i thought today was a very good consolidation day for RAU.

I'd really like to know what has triggered the huge run this week. :D
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Yeah I thought it held quite well too. It looks like someone buying up big or a lot of buyers coincidently buying at the same time on no news.

I'm rather hoping for a bit of a market correction soon so I can get back on board again at a good price, since I left an order hanging in the market for my opies which got taken out at 6c.

Nearly tempted to get them back again at 5.1c this arvo, but I think the US market will fall back a bit later in the week and take us with it.
 
RAU continues to run extremely bullishly and hit a nu hi at 9.3 earlier this morning. I have published below a 10 day chart with 15 minute counts. The "break-out" move to 9.3 was on the highest volumes in RAU history. Remember that "volume goes with trend".
 

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A most erudite poster from another forum posted this:

RAU just keeps on going. Has now hit 10c.

So among the things that interest me:

1. From the potentially large copper/gold play at Burraga, NSW, covering the old Lloyds Mine and surrounds from the fact that:

"Visible copper mineralisation has been reported from the field in a number of drillholes and importantly, previously unknown zones have been intersected away from the historical mine itself...."

What interests me IS:

1. What are the grades?
2. What are the width of these intersections?

Should there be any wide, high grade intersections then I think we will really be off to the races.

Particularly as RAU reported last month about the mineralisation on their lease:

"The mineralisation is hydrothermal Cu-Au style with a suggested deeper porphyry intrusive source, similar to most of the major discoveries in NSW over the last 20 years."

2. RAU has access to the BHP data base and so has access to the initial sampling results of Vital Metals emerging world class tungsten discovery. RAU has reported that the sampling results on RAU's ground surrounding Vital Metals discovery are superior.

Are we going to see what seems the logical follow up - superior drilling results from RAU?

3. Then of course there is the old Mount Carbine mine, closed due to the depressed prices at the time about 20 years ago.

Has RAU's recent drilling given RAU confidence that there are plenty of easy to access, cheap to mine resources still there?

4. Then let us not forget about RAU's 500,000 plus ounces of gold. RAU are very confident this resource can be increased and will be very profitable at current prices.

Plus let's not forget our overseas investor friends with financial backing who recently took a placement in RAU.

Thank you to Siamese Parrot....great post!
 
Sold mine earlier in the day but not at the top:banghead:My own personal feelings and watching the trades as much as i could,the trades were mainly smaller parcels(100k ish with the odd 1Mill)but still within the realms of the ordinary punter.It has also had an incredible run(especially the options were i was)and its never wrong to lock in a profit.Add to that the nervousness surrounding the Dow and its was a pretty good reason to sell for me personally
 
Hello all. Any thoughts on RAU as where it will go now?? Would like to hear from some thoughts from of the more established traders who are just monitoring this thread. Kennas any thoughts.

These are my thoughts. The pull back would be expected given the extreme run it has so far. Also a number of traders would cash out at the end of the week. Further I believe the all ords was in deep red and a had traders buying in late at upper ends of 10C to 12c causing selling due to unsureness. I would have thought this expected to happen. I brought in at 3.7cents and believe this stock may have big potential given other minesook the worth of the old OLD want to let this run a bit more.

This stock has a potentially large copper/gold investment at Burraga, NSW, covering the Old Lloyd Mine and surrounds which RAU have recently reported to the ASX

Visible copper mineralisation has been reported from the field in a number of drillholes and importantly, previously unknown zones have been intersected away from the historical mine.

The heavy asian investment is interesting they are pretty careful investors in this field.

The repots show that Visible copper mineralisation and importantly, previously unknown zones have been intersected.

The mineralisation is hydrothermal Cu-Au style with a suggested deeper porphyry intrusive source, similar to most of the major discoveries in NSW.

There is a possibility that RAU are on to something substantial. Hopefully we will know more when some drilling results are released.

It will be intersting to find out the grades and the width of the intersections?

It is not surprising given all that is going on with RAU that the trading volume is high on this spec stock and we see a rapid rise. My only concern here is the DOW and another major correction and ay thoughts on that would alos be interesting in regards to how it may affect this stock?
 
iamtrueblue said:
Hello all. Any thoughts on RAU as where it will go now?? Would like to hear from some thoughts from of the more established traders who are just monitoring this thread. Kennas any thoughts.

These are my thoughts. The pull back would be expected given the extreme run it has so far. Also a number of traders would cash out at the end of the week. Further I believe the all ords was in deep red and a had traders buying in late at upper ends of 10C to 12c causing selling due to unsureness. I would have thought this expected to happen. I brought in at 3.7cents and believe this stock may have big potential given other minesook the worth of the old OLD want to let this run a bit more.

This stock has a potentially large copper/gold investment at Burraga, NSW, covering the Old Lloyd Mine and surrounds which RAU have recently reported to the ASX

Visible copper mineralisation has been reported from the field in a number of drillholes and importantly, previously unknown zones have been intersected away from the historical mine.

The heavy asian investment is interesting they are pretty careful investors in this field.

The repots show that Visible copper mineralisation and importantly, previously unknown zones have been intersected.

The mineralisation is hydrothermal Cu-Au style with a suggested deeper porphyry intrusive source, similar to most of the major discoveries in NSW.

There is a possibility that RAU are on to something substantial. Hopefully we will know more when some drilling results are released.

It will be intersting to find out the grades and the width of the intersections?

It is not surprising given all that is going on with RAU that the trading volume is high on this spec stock and we see a rapid rise. My only concern here is the DOW and another major correction and ay thoughts on that would alos be interesting in regards to how it may affect this stock?
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Lots of folk now following RAU and IMHO the Asian connection is manifest in the big turnovers in daily trading. The fundamentals are very interesting and have been repeated on this thread, so no need to rehash. The technicals look very bright. The retracement from the stellar run now looks like it had a bottom yesterday and the nu buyers are munching away on the profit takers at 9.9 and 10 cents. I have duplicated an hourly chart over the last ten days that clearly shows that some indicators are now turning positive, MACD, Stochastics and price is trending upwards
 

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When I first jumped on this stock someone was buying huge, really huge ie accumulating. The volumes in the depth were not so large. They could buy out numerous lines in one hit. I am not sure if this big accumulator is still around as the massive volumes now drown out such activity and also the affect of such activity. So whatever he may or may not do now will not affect the s/p as before. It is possible the accumulator does show his prescence when the s/p drop to the low .09,s as soon as there is a sunstantial price drop it just comes back again to about .10.
 
Wow that was a massive crapola dump today. Wonder what that was all about. Any thoughts? I havne't seen any news come out.
 
I believe this slump relates to the news on New York Times reported Merrill Lynch & Co. will probably add $2.5 billion more in writedowns in the wake of the U.S. subprime mortgage crisis.

This also caused the ASX slumped this afternoon.

Cheers
 
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) :D
 
Will this new announcement still push the price up more?
It opened at 0.096 today, high of 0.105.
Lots of volume. Looking good.

When do you think will we see 0.2?

Are you guys cashing out at 0.1 already or holding ???
 
I hold opies, toped up a few when they dipped to 4.5c a few days ago. The sellers are drying up for opies. :)

Shares up 1 cent and opies up 2c.

What would they have done if we had the XAO and XMJ going in the positive!
 
imaginator said:
Will this new announcement still push the price up more?
It opened at 0.096 today, high of 0.105.
Lots of volume. Looking good.

When do you think will we see 0.2?

Are you guys cashing out at 0.1 already or holding ???
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Hi Imaginator ..... you'd be a game man to put money on when RAU is going to hit 20c!! The way its going we may even see it before the end of the year with some good drilling results. There is definitely a lot of interest in RAU now and if the announcements are positive anything could happen!!
Personally i am accumulating and holding. I first got on at 3.5c and just as i was considering accumulating some more the SP went almost vertical. I have waited for it to settle and decided to accumulate more last Friday at 8.8c with the drilling update announcement released and before the SP went on another big run.
The next couple of months will see many announcements released in regard to drilling results from most projects (see my previous post for list of upcoming announcements). There hasn't been a drilling result announcement yet since the update last Friday and the SP has already shot up over 20% since Friday to close at 11c today after 2 days where the market fell significantly on both days.
Please do your own research but IMHO there is lots of upside to this stock :D
 
RAU looking like it's going to break up from what might be seen as a pole and pennant. Target generally considered the length of the pole from the break from the pennant. Just depends on your judgement of where the pole starts and finishes and where the break is....

(just probabilities, not certainties)
 

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kennas said:
RAU looking like it's going to break up from what might be seen as a pole and pennant. Target generally considered the length of the pole from the break from the pennant. Just depends on your judgement of where the pole starts and finishes and where the break is....

(just probabilities, not certainties)
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16 cents projection, from 5 to 12 cents (speculatively speaking). Made a substantial placement this morning IMHO getting major support from Asian investors who may also be buying on market. Good luck to all longs
 
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