RBM - Redbank Mines

[powerkoala]

Glad I did some avg down buying around 3c, was able to bring avg buy from 10c down to 5c,

Showing a healthy profit now lol, finally, lol

Will take some profits as I think alot of traders are on this

Value was always there, pity I didn't miss it and see it a few months later, then my avg would be 3c, oh well tis the game we play

YT, how are you considering about RBM now after this fantastic news?
watching today's price action, bringing back to 7c area. looks like market price it more than the SPP before.
Considering glencore took most of the SPP with extra options, will this still have place to run up high?
good luck all holders.

 

[rico01]

Looks like RBM is getting a little interest after the presentations on boardroom radio. they are saying EBITDA of 7.6CPS for the next 5 years
For a share trading @ 4 cents Extreme value IMHO!
The feasability study is only based on the top 100metres and the the deposit is known to go down at least 300metres

 

[steven1234]

There appears to be much negative sentiment with this stock. Management is trying hard to get the price to rise, but the market keeps punishing RMB.

If you listen to the presentation from 20/05/08 it is announced that drill hole results are due this week (@26min.10sec). Surely this must create some interest.

We have also had a positve announcement today in relation to the Glencore JV area, but the markets response is minimal.

It looks like the only thing that will get this to rise is RBM finding the source of the copper in the pipes.

 

[countryboy]

your right about negative vibes,read "buyer beware" on the RBM thread on the Topstocks site. Directors and their previous links are given a pounding. Im glad i read the thread. i will reconsider taking a position in RBM.

anyone think the company has changed ??

 

[steven1234]

Trading Halt announced.

Countryboy, I hope there is not much to the rumours. If there were, i would expect the sentiment would be far worse and the company (and share price) would suffered and RBM would have been taken over because of this. Fundamentally the company looks good and the project robust.

Lets see what the trading halt brings us.

 

[fgzq88]

Any thoughts about today's ann?

37m at 8.4% Cu from 5m, including 10m at 20.67% Cu
- Hole RB08-14;
35m at 3.92% Cu from 6m, including 8m at 12.8% Cu -
Hole RB08-13;
23m at 3.39% Cu from surface including 10m at 6.01%
Cu - Hole RB08-10;
13m at 4.09% Cu from 8m including 3m at 9.55% Cu -
Hole AZ08-28 and
12m at 4.42% Cu from 3m – Hole AZ08-22

 

[steven1234]

Its all adding to the resource of RBM.

We have more assay results due next week.

Hopefully it gains a little more interest now.

 

[rico01]

A new company covering RBM have given a valuation of 25c in the next 24 -48 months . thats from 4c- 25 even in4 years is more than 100% a year.
the report is available on the RBM website

 

[steven1234]

We may get some news soon, in relation to the JV area the company was undertaking an 11000-km fixed wing airborne magnetic and radiometric survey; results are expected in late July 2008.

 

[explod]

May be an announcement is close at hand. Have had a few of these for many years as residue from a failed company.

Large volume for a few days and the price is up 15% today on increasing volume.

 

[explod]

15 July 2009
The Manager
Companies Announcements Office
Australian Stock Exchange Limited
4th Floor, 20 Bridge Street
SYDNEY NSW 2000
Dear Sir/Madam
CHANGE OF NAME
The Company is pleased to confirm that pursuant to shareholder approval obtained at the Company’s General Meeting held on 10 July 2009, it changed its name from Redbank Mines Limited to Redbank Copper Limited.
Accordingly, from Thursday, 16 July 2009, the securities in the Company will commence trading under the new ASX code: RCP.
Yours faithfully
Ildiko Wowesny
Company Secretary

Would it be appropriate to start a new thread or rename this one Joe?

Cheers explod...

 

[sunslush]

can any one explain to me why RCP (RBM) when up so quickly? today it closed at 0.029c up 16% again. it jumped more than 100% from last week onwards. i cant really find any significant new that can lead this share to rebound that much.

 

[sidious]

RBM which is now RCP is rising so quickly. I'd like to buy but with the sudden rise, I feel that I'll be the sucker who bought at the top. I'll see the action tomorrow. Sudden rise can mean sudden drop as well especially if the news is out.

 

[Joe Blow]

Redbank Mines (RBM) is now known as Redbank Copper (RCP). Please see the RCP thread for continued discussion of this company: https://www.aussiestockforums.com/forums/showthread.php?t=16395

This thread has now been closed.