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RDS - Redstone Resources

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A nice strong close today at $1.50, reached a high of $1.55.

This has taken a big leap prior to any results!

mod note-
Price target removed. please provide some analysis if you are going to post a target price for this stock
 
Speeding ticket tomorrow I imagine as they have doubled in the last 3 weeks approximately. Wonder what the response will be?
 
Kevro, you would have to think a speeding ticket is on the cards. The only explanation is that they have started drilling and a few people are now starting to jump on board. There is nothing else to suggest otherwise, unless there is some insider trading?? I noticed a fairly big buy of around $50K at $1.48 - someone wants these.

The leap up has me a little puzzled, not that I doubt the capability, but on no results it is unusual. But then again, look what they did when they listed!

Here's hoping to some announcement soon.

You would have to think that if all good, RDS will look to raise more capital for more extensive drilling etc and a placement of shares for shareholders could be on the cards in the near future? And/or a JV with one of the big players - here's hoping anyway.
 
Hi Nuwave,

I'm wondering if they have anything blatently obvious in the drilling samples. They are only drilling 70m holes at Halleys (pre-collars) in preparation for diamond drilling. All things going smoothly they could do 3 holes a day which up til now would be 18 holes to 70m.

Would a geologist be able to ascertain from these samples (non core - basically piles of rock and dust)) whether there is anything outstanding in the samples. If so .... well I will leave that up to your imagination.
 
I dont know , although a speeding ticket is an ovious reaction from the ASX look at people here and their holdings, a couple of guys have over $250 k invested without any solid solid evidence (well not that we know of) besides the sampling and tests they have carried out.

I think people relise the risk / reward of investing in this company is as good as your going to get. A big find and they are going to rocket, a poor find and the company is still very attractive due to the managment and the other sites that they have lined up. I think a couple of $100k today isnt that unsual, I happend to increase my holdings just by chance before the 20% and I think alot of people want to get in at the last minute before any action.

Furthermore, public holidays Friday and Monday and reduced buying opportunities comming up to drilling and a bumper day on the stock market i dont think it nessearily points to insider trading. However having said that im sure alot of the astute buyer were already in place before the stock hit $1.00.

Only time will tell I guess..

Go the stone, I have high hope on this one, this fella should get me my deposit on my second investment propery.
 
I read comments like these last few and wonder, why wouldn't people take a punt RDS, RDS holds some of the most unexplored prospective tenaments around.

Those who look beyond the obvious know BHP has been chasing these for years and Nebo Babel is only km's away. Surely the opportunity to make $$$ has pushed the RDS share price. Where in the Musgrave province with surface samples through the roof. I for 1 was staggered RDS didnt move after the Surface Samples where announced.

I have always said and have no doubt they will hit pay dirt I am 100% confident, why? spend a few hours researching its not hard. I have been buying more $1.20 and encourage people to because I am that confident.

On the other hand ..... the technology used on the surface samples could be used for prelim drill samples, giving the results that day.

Look at what RDS has ...... thats why its here today ...... no doubt what I said months ago and many others have to will occur.
 
One thing I dont understand with this stock is, why was the IPO at such a low price considering the prospectus?
 
Good questions, I suppose its belief and opinion that pushed it.

Although it was 3 times over subscribed and not unwritten. Pure anticipation and potential.
 
Young gun, alot of people were asking the same thing at the time of the float......they could have floated 2 or 3 companies with their holdings. The answer I got was "we want to maximise shareholder value".
 
Lert said:
Strike me pink.. up another 10% already !!
Click to expand...

Before the intraday commentry starts again folks, can we keep it to a minimum please? The chat facility is preferred if you all want to discuss how it's doing this morning.

Cheers
 
speccy boy said:
Young gun, alot of people were asking the same thing at the time of the float......they could have floated 2 or 3 companies with their holdings. The answer I got was "we want to maximise shareholder value".
Click to expand...

Exactly RDS is one of the few companies around that actually really want to maxmise shareholder wealth and are genuine. There are so many junior's around where the only person making money is the director, I could name a few but I wont.

RDS, world class management team, world class exploration team and world class potential holdings. Just every1 wait for the drill results and the long term outlock for RDS.
 
RDS has previously conducted Ni-Cu-PGE sampling, using a handheld XRF machine, to obtain immediate results. This same device/technique is used on-site for prelim results to target & identify further drilling.

Wait for it, its coming
 
Hi guys,

Enjoying the benifits of RDS price rise and appreciate your information and knowledge on this company. I have noticed some increase in buyers today and so far a 14% increase in price is fantastic. As a newbie this forum has been a great learning tool for me and i just wanted to say thanks.


Dom
 
professor_frink said:
Before the intraday commentry starts again folks, can we keep it to a minimum please? The chat facility is preferred if you all want to discuss how it's doing this morning.

Cheers
Click to expand...

I believe what most people are contributing to this thread is more that just chat room talk.

The fact is that RDS have had some very positive assay results which was reported to the market in December. Many people are starting (although delayed) to appreciate what the announcemnet could mean if the drill results confirm this.

Now that the drilling has commenced it is only natural for those that hold; and those who are looking to jump in get some background to this stock.

Ultimately you need to do your own research.

In my opinion the fundamentals behind this company and the land they are operating in is what is driving this stock.

For those that missed the announcement in December, see link below:

http://imagesignal.comsec.com.au/asxdata/20061220/pdf/00680166.pdf

You be the judge!
 

Uranium, do you buy in?
 
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