RDS - Redstone Resources

[Young Gun]

Hey fellow stoners, I was thinking today about exit stratergies and about this stock. There has been a heap of discussion sorounding this stock but not much on exit stratergies. I understand people have high hopes on this one some even suggesting this spec will soar beyond imagine, but what is everyones stratergy with this?

I increased my holdings again by another $3,000 to bring my total to about $12,000. I know this isnt much compared to others. The main goal of investing is to raise more money and to store money for a deposit on another property. I was thinking I might sell half at the point in time (if it reaches) $7.00. This will give me about $30,000 cash and $30,000 in the stock for the future, as $30,000 equates to a 10% deposit on an Investment property worth $300,000 (which is the around the max of my borrowing power at the moment).

Whats everyones plans, do you have some or you just going to sit on this like a nest egg? Do you think I should hold out for longer? Keep my money in this stock as property is not performing well at all? Or am I being too optimisitic about the potential of this stock ...

 

[Geo78]

Hey Young Gun,

I suppose every1 is here to make those big $$$, - concerning the future for RDS and this has made be quiet confident that RDS will be a good solid long term investment.
2 points here RDS is currently involved in activities etc in Sth Americia, I imagine we will here come good come of this later in the year. While this first round of drilling in my opinion is likely to secure a very share price. RDS has a large number of other prospects and follow-up drilling will need to continue whether we say a raising or JV is yet to be known. I do know a large investor and his opinion is after this first round of drilling is only Sell what he may need for today. I think over the next few mths a long term strategy will come into play for RDS and we will see a company that can experience growth consistently over the years.

I for one will be taking 25% of my holding out after the drill results are announced and keeping the rest in long-term (also to avoid capital gains tax)
In 2 - 3 weeks time we will know

 

[nuwave]

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.

See my earlier post, this stock has as I suspected climbed past $1 just prior to drilling results. It hit $1.76 two days ago alot on expectation and also I believe on institutional buying. People are starting to realise the worth of the initial assay's.

I am happy it has dropped back a little, as sometimes these things can run too quickly without any tangible evidence. With drill results expected in the next 10 days, I am still hopeful of $2+ if the drill confirms the samples.

Now, just sit and wait

 

[YOUNG_TRADER]

See my earlier post, this stock has as I suspected climbed past $1 just prior to drilling results. It hit $1.76 two days ago alot on expectation and also I believe on institutional buying. People are starting to realise the worth of the initial assay's.

I am happy it has dropped back a little, as sometimes these things can run too quickly without any tangible evidence. With drill results expected in the next 10 days, I am still hopeful of $2+ if the drill confirms the samples.

Now, just sit and wait

Hi guys, just curious won't getting the assays take at least another month, how can RDS avoid the delays thats plaguing the whole industry, most labs are backed up with a 1 month minimum delay between when drill cores are recieved to when you get the assay results

Are you sure you'll get assays in 10 days?

 

[Geo78]

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

Results for Ni-Cu should be available and I assume realised late this week early next week. Other minerals and confirmationary results in the weeks following.

 

[Young Gun]

One question about this stock I have is what is the expectations for all of the 6 sites. I know the expectation for Red Rock is over $40 billion based on similiar testing results from Voiseys Bay. What about the other projects that they have comming up? Anyone shed some light on how these could translate into the value of the company in terms of market cap ?

seeing a bit of weakness in the stock , however it is expected considering the stock has rallied very strongly over the next couple of weeks. The good thing about this is that it means drilling results havent been leaked to a large extent. Hoping for some strong results comming up.

 

[Geo78]

Hey YoungGun, I dont want to speculate on market cap but below is my opinion of 3 of RDS projects;

1) Halleys

A major Ni-Cu-PGE system over 35km strike. Looking at the current results from rock chips etc, I believe this to be highly prospective and the direct reason for the recent spike in the RDS share price, basically the potential here exists for a world class deposit. If the surface samples are supported by drilling which given the all the facts around to date is the reason my portfoilo is made up of 100% RDS

2) Tollu Project

I guarantee some strong Cu. results here !!!!!!!!!!!!!!!!!!!!!!!!!!!!!! just look at the results to date

3) Red Rock

The jewel in the RDS crown although no planned drilling at this stage

________________________________________________________________

I think a few people hit panic stations today, those around me including myself saw a great buying opporunity. Not far off now fella's

 

[Geo78]

Found this on hot cooper and couldn't agree more:

Hmmmmm...

Bot trading for 2-3 days a fortnight ago, followed by large increase in share price for over a week on large volume.....

then yesterday only 3k shares sold at close 10c below VWAP for the day.....

then surprise, surprise..... a broker tries to panic sellers out sub $1.50 by removing buy orders, selling to himself, and placing artificial sell orders around $1.40.

I hold for the long term (2+ years) and will continue to use these days as an opportunity to increase my humble holding!

Please note that the material index is about to break out in the next week so I'll wouldn't be selling mining stocks!!

 

[doctorj]

Bot trading for 2-3 days a fortnight ago

What makes you think it was a 'bot' trading? What does this mean for the company/their shareholders?

then surprise, surprise..... a broker tries to panic sellers out sub $1.50 by removing buy orders, selling to himself, and placing artificial sell orders around $1.40.

If this happened today, broker codes aren't out yet. How would the poster on hotcopper know any of this (unless they were the one doing it)? And even if the codes were accessible some how, how do they know the sell orders aren't genuine?

Please note that the material index is about to break out in the next week so I'll wouldn't be selling mining stocks!!

Looks to me its hitting resistance and potentially tracing out a double top. It's either broken out or not, it's never 'about to' unless one can read the future. Geo you are obviously heavily into this stock or have some other vested interest in its success. Please read ASF's policy on ramping ASAP.

 

[Young Gun]

Sorry im not trying to start some intraday comentary but since nothing has been said for awhile si I thought id make a comment. A buy order of 16,000 was filled as soon as the market opened today the buyer bought at market price and lifted the stock. Could be a sign of things to come....

 

[Stinger]

A couple of announcements out this afternoon for Redstone. I think a very good move with the new director, sounds like he has some good experience under his belt.

Can anyone help to decipher the quarterly report? I am good with numbers (bean counting) not geology. Sounded good to me but then again I really do have no idea!

Cheers

 

[kevro]

A couple of announcements out this afternoon for Redstone. I think a very good move with the new director, sounds like he has some good experience under his belt.

Can anyone help to decipher the quarterly report? I am good with numbers (bean counting) not geology. Sounded good to me but then again I really do have no idea!

Cheers

Intersting that he is leaving BHP to take up the role as Executive Director and General Manager of little ol RDS

 

[nuwave]

Intersting that he is leaving BHP to take up the role as Executive Director and General Manager of little ol RDS

Yes a positive for RDS.

Kevro do you know when drill results are due out? We have been waiting a couple of weeks now, thought we would have something by now.

Sorry I am waffling, but this forum now wants me to submit more than 100 charcters in my posts, what's with that??

 

[kevro]

Yes a positive for RDS.

Kevro do you know when drill results are due out? We have been waiting a couple of weeks now, thought we would have something by now.

Sorry I am waffling, but this forum now wants me to submit more than 100 charcters in my posts, what's with that??

Hi Nuwave,

Trying to work out how to answer no to your question in 100 letters as the word no has 2 letters. Could spell it with 1 n & 99 o's.

Just joking, I have no idea as the assay labs are all that far behind. A fellow holder rand RDS yesterday and they could not say when they will be received. My guess 4 weeks.

Kevro

 

[nuwave]

Yeah, I figured that would be the case. Seems as though there is a big backlog at the moment.

Small volumes being traded. Agree with your comment on HC, just need someone to buy at market; but really it doesn't matter - what's in the ground is what counts!

 

[Lert]

I'm not expecting any news until the end of the month. Only started drilling Easter weekend and they have quite a program to get through plus rain in the area has probably slowed things up. Getting the assays done will no doubt take a while as well. I would rather have Dr. Groves as the head technical consultant rather as chairman as is the case now and applying his undoubted skills to the task.. Hanging in there from the start

 

[Young Gun]

Next week could be the week momentum starts to build again. Volume has been settling down and no one has been keen neither to sell or buy this stock. In the last couple of hours the stock has had a 9% swing from about 4% decrease in SP to 5% increase. This could help the stock as someone was keen to enter fairly quickly without waiting around, especially with the negative sentitment that has led the price to slide about 10 % in the past week. Maybe someone out their has heard something , or is just a bit late to the party . . .

 

[Lert]

I still think it will be the end of the month before we hear anything.. I've not heard any negative sentiment YG... The sp variations are just low level noise when you look at the volumes involved.

 

[Kimosabi]

Does anyone know what's going on with RDS at the moment?

There was a reasonable jump yesterday but it has been up nearly 20% to $1.75 this morning until someone loss their nerve and sold at $1.67 but as yet there have been no announcements released.

 

[Fool]

I flogged RDS at a loss because there were so many other stocks running, and running hard that I couldn't stand watching this one sit there and gradually keep losing money.

It's good to see it up around 1.70 again, and I hope there is some good news around the corner that will see it rocket but at the moment I don't believe I want to buy back in.