RDS - Redstone Resources

[Geo78]

Yes, I do have a small number of shares in Redstone floating today and I have heard some very positive information concerning the future and exploraiton targets. While it seems the company has attracted some interest from a number of large companies. It will be interesting to see what day 1 and the future has install. Anything 4km from the 3rd biggest mineral deposit must be highly prospective.

Seems it was there along.

 

[nuwave]

Very true Geo78.

Just got off the phone from a large stakeholder in RDS who was at today's meeting. He said it was a very positive vibe with about 60 shareholders in attendance.

I'm in for the long haul.

P.S Have a look at MMB, didn't they make a move today!

 

[Geo78]

I am going to but name on this RDS will be btw $5 - $10 around min 2007. These now way those results posted on the 20/11/06 do not indicated another Nebo Babel. Just look at them, the RDS Geological team is made up of some big names.

"another exciting nickel discovery had been made in an equally remote and poorly explored region in the Musgrave Block in central Australia. In this case the Nebo-Babel deposits are similarly hosted by high-grade gneisses in a terrane dominated by the large layered intrusions of the Giles Complex, many of which are of anorthositic and troctolitic composition."

"Discovery of the Nebo and Babel Ni-Cu-PGE deposits (in ground value of $25 billion) within the first year of on-ground exploration by WMC validates the ..."

I am just wish I got in the float instead of paying market price today.

 

[krisbarry]

Pity RMI had a down day today, considering the joint venture is with RDS

 

[Geo78]

Re: RDS - Redstone Resources (Boom Time)

UP 12.5%, I'd say the speculation has started anyway a collegue of mine from WMC has done a bit of research -


"the WMC Nebo-Babel deposit is a layered, basic, tube-like body intruding felsic granulite facies country rock in the west Musgrave Block, Western Australia.

Nebo-Babel is the largest nickel sulphide discovery since Voisey’s Bay, Canada. In this case the Nebo-Babel deposits are similarly hosted by high-grade gneisses in a terrane dominated by the large layered intrusions of the Giles Complex, many of which are of anorthositic and troctolitic composition. WMC, in its January to March quarterly, updated progress on its tenements in the Western Australian portion of the Musgrave in April 2000 a hole at its Nebo discovery showing 26m @ 2.45% nickel, 1.78% copper and 0.09% cobalt. According to the quarterly, WMC completed a regional airborne geophysical survey in January, the results of which have been interpreted with anomalies selected these anomalies require additional exploration in the form of ground geophysics, geochemical sampling and geologic mapping to determine if a drill test is warranted.

These techniques are the same asc RDS has used to identify a major Ni-Cu-PGE system as Nebo Babel this is defined gneisses in a terrane dominated by the large layered intrusion over 35km strike along the southwestern margin of its Saturn Complex. I think this speaks for itself DRILLING should be very interesting as should the share price.

Anyway why does WMC want to JV.

 

[nuwave]

I'm with you Geo78. I've been holding these since the IPO and now have around 50,000 shares.

Drilling and any potential JV should see this stock move to the next level.

It still seems to be a pretty well kept secret, considered the low volumes traded??

In for the long haul!!

 

[Lert]

I'm with you blokes as well. There are some large shareholders in there who have not budged.. Just wondering where the money is going to come from to properly explore the larger lease areas.. Time will tell I guess.

 

[Geo78]

I'm with you blokes as well. There are some large shareholders in there who have not budged.. Just wondering where the money is going to come from to properly explore the larger lease areas.. Time will tell I guess.

I doubt very much RDS will have any problem at all finding financial backing given the recent prelim results. I'd put another 50k in.

 

[Young Gun]

I'm with you Geo78. I've been holding these since the IPO and now have around 50,000 shares.

Drilling and any potential JV should see this stock move to the next level.

It still seems to be a pretty well kept secret, considered the low volumes traded??

In for the long haul!!

Its too early to tell for certain, but what would you regard the next level as? Do you have any expectations for the next increase? I have a small holding in this company and I know people have mentiond figures as high as $10 in 12 months time, but realistically whats your estimations?

 

[nuwave]

Its too early to tell for certain, but what would you regard the next level as ? Do you have any expectations for the next increase ? I have a small holding in this company and I know people have mentiond figures as high as $10 in 12 months time , but realistically whats your estimations ?

Certainly all holders hope it gets to these levels, I think this is long term though - particularly if a big JV came along. I think that $1 will be the next level for it to break (this could happen prior to drilling results - based on the expectation). If the results confirm the assays then anything is possible - realistically I am hoping we get to $2 in the next 6 months.

You must remember this is a very strong team of directors with good knowledge and contacts globally.

My only dilemma will be whether to hold or sell this stock when it reaches these levels.

 

[Geo78]

Certainly all holders hope it gets to these levels, I think this is long term though - particularly if a big JV came along. I think that $1 will be the next level for it to break (this could happen prior to drilling results - based on the expectation). If the results confirm the assays then anything is possible - realistically I am hoping we get to $2 in the next 6 months.

You must remember this is a very strong team of directors with good knowledge and contacts globally.

My only dilemma will be whether to hold or sell this stock when it reaches these levels.

I am going say it ...... if drilling proves these results the price will go straight up, there is a very strongly likely hood of another Nebo Babel the evidence is there. You prove this up with drilling your talking $$$ do the math we all know how much Nebo Babel's worth, prove it up and Paladin & RDS will be related.

anyway you heard it here first from me.

 

[Lert]

Very quiet on the RDS front lately.

The West Australian this morning has an article headed "BHP dusts off plans for Nebo and Babel" . Rumour is that BHP are preparing a "substantial program" of fresh exploration and delineation drilling at the project...

 

[Lert]

Near half page article on RDS in the West Australian this morning.. Nothing that an informed shareholder would not already know. Good to have RDS profile raised a bit though.

 

[nuwave]

Little volume traded in these over the last month. All substantial shareholders holding.

Drill results due next month. There may be an opportunity in the next two weeks to buy some in the 80's

 

[Lert]

Sellers have been pretty thin on the ground even through this latest carnarge.. My 75 cent order for a small parcel was eventually filled this afternoon after sitting in the queue for three days.. persistance pays off.. maybe someone needed some cash for a good night out.

 

[kevro]

The buyers are building and not many sellers left on screen. RDS has never had a strong on screen buy side so this is a major improvement. Drilling due to commence very soon so possibly explains the stronger interest.

 

[nuwave]

The buyers are building and not many sellers left on screen. RDS has never had a strong on screen buy side so this is a major improvement. Drilling due to commence very soon so possibly explains the stronger interest.

Yeah I agree. I believe drilling is due to commence this Friday and then throughout April. So we should start to see announcements coming through

 

[kevro]

Good day today for holders. Up 14c / 16% to an even $1 on its usual low volume. Less than 80k now left on offer. Must be the drilling coming up. Probably a speeding ticket as well.

 

[nuwave]

Yes they may well get a speeding ticket! Lets hope it is a strong open again tomorrow.

 

[kevro]

Big gap with buyers at 90c and the remaining sellers at $1. Then again this stock more often than not seems to work that way. Either way I'm happy as a pig in the proverbial holding 250k of these.