RDS - Redstone Resources

[Stinger]

My question is this however, lets say all goes well with the drilling program and initial results are confirmed, how quickly would you expect the price to rise. I cant imagine a share price going from $1.50 to $5 in a matter of days (although it would be nice )

 

[Lert]

While we are having a nice long weekend, lets spare a thought for the RDS chaps out in the western Musgraves working away on the drilling program, hopefully ensuring our future prosperity

 

[kevro]

Its a dirty job but someones got to do it. The easter eggs will be covered in copper, nickel and platinum group element dust and flies.

 

[kevro]

Hi all,

If something is described as ppb (parts per billion) how does that translate as a percentage. In relation to the extract below from RDS's Dec report I am particularly interested in the Cobolt and other PGE elements. Are these good figures? I know the copper and nickel are high. Thanks in advance


Geological mapping of this anomalous zone at Halleys has highlighted a limonitic ironstone outcrop with a peak assay of 5400ppm Cu, 2400ppm Ni, 500ppm Co and 249ppb Pt + Pd. Analysis of the entire PGE suite (Os, Ir, Ru, Rh, Pt, Pd, Au) indicates a magmatic pattern typical of derivation from sulphides and very similar to that of the discovery gossan at Voiseys Bay (Figure 6). It thus appears almost certain that the soil anomalies and ironstones overlie Ni-Cu-PGE sulphide mineralisation at depth.

 

[Lert]

I suppose it works like this:

5400ppm=5.4 parts per thousand= 0.54 parts per hundred = 0.54%

Dunno if that is good or what and I am quite willing to be corrected..

 

[kevro]

Oops I got that wrong. Its not PPB its PPM, much better me thinks.

Thats the way I would read it Lert but I'm not sure.

 

[speccy boy]

food for thought.....

Someone mentioned a potential Fortescue(ish) type rise in share price. If you consider that FMG rose from under $1 to the current level around $23 in two and a half years, giving them a market cap of $5.9bn today and assume that RDS can acheive a similar performance, if you take that same market cap and divide it by the number of RDS shares(about 82,000,000) in existence then you come up with a share price of $72.
Multiply that by my 250,000 shares and that equates to a lot less work, more golf(accompanied by a considerably lower handicap!) and a tan envied by many!
Also, if you break down the word 'ASSUME', you make an ASS out of U and ME.
Time will tell I suppose.

 

[Lert]

Hey Speccy, if that happens you wil be laughing, I'll just have a grin on my face

 

[Young Gun]

Someone mentioned a potential Fortescue(ish) type rise in share price. If you consider that FMG rose from under $1 to the current level around $23 in two and a half years, giving them a market cap of $5.9bn today and assume that RDS can acheive a similar performance, if you take that same market cap and divide it by the number of RDS shares(about 82,000,000) in existence then you come up with a share price of $72.
Multiply that by my 250,000 shares and that equates to a lot less work, more golf(accompanied by a considerably lower handicap!) and a tan envied by many!
Also, if you break down the word 'ASSUME', you make an ASS out of U and ME.
Time will tell I suppose.

Hi speccy,

If you are reffering to the person that compared fortescure metals to RDS than that would have been me on hotcopper.

 

[speccy boy]

Ah yes, so it was.....I read both, must have got confused about which thread.

 

[kevro]

food for thought.....

Someone mentioned a potential Fortescue(ish) type rise in share price. If you consider that FMG rose from under $1 to the current level around $23 in two and a half years, giving them a market cap of $5.9bn today and assume that RDS can acheive a similar performance, if you take that same market cap and divide it by the number of RDS shares(about 82,000,000) in existence then you come up with a share price of $72.
Multiply that by my 250,000 shares and that equates to a lot less work, more golf(accompanied by a considerably lower handicap!) and a tan envied by many!
Also, if you break down the word 'ASSUME', you make an ASS out of U and ME.
Time will tell I suppose.

Welcome to the 250k club

 

[Uranium]

Hello, RDS is having a good start today should continue. Last trade at $1.29.

Cheers

Dom

 

[Young Gun]

I bumped up my holdings by another $2k, not nearly as much as my friends here on the $250k lol, but we all have to start young. I increased my holding to $7.5k, I think that even if RDS gets average results or poor results the stock should hold its own relatively (between the ranges of $.80 - $1) on the basis of other up coming projects and the management.

The risk/reward of increasing your holdings on this stock is attractive, if they get good news its bound to increase the value over 3 times, if they get average news likely to fall 20-30%. Considering most of us have already benefitted from a return greater than that, this position looks good. . .

 

[Young Gun]

Sellers disappearing very very fast ...

 

[kevro]

Redstone now up 9.6% / 12c.

Buyers chasing and now less than 20k on offer starting at $1.50 as sellers pull their offers.

 

[Stinger]

RDS is funding my 2 year trip around the world, so lets hope the price keeps goes crazy until September!! :

 

[kevro]

RDS is funding my 2 year trip around the world, so lets hope the price keeps goes crazy until September!! :

The way its going Stinger it will fund you for a week on the international space station.

Getting very serious now with a 50k buyer at $1.48

Already up 23c / 18.4% today.

Can only think the drilling is better than expected.

Kevro

 

[Lert]

Only 17,000 shares for sale !! the cheapest at 1.55. The pedal must be running hot out at the Musgraves..

 

[Geo78]

What have I been saying all along

Come on RDS

 

[professor_frink]

Ok then, time to step in here.

Congrats all for holding this one today.

Could the cheerleading, intraday commentary, talk of this stock paying for overseas trips,etc, be taken to the chat room, or via PM please. That way the thread won't get too cluttered, and we can concentrate on the bigger picture of what's going on with this company

Does anyone have any new information about the company today? Any analysis on why it's gone so well?