The securities of Redstone Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Monday 27 November 2017 or when the announcement is released to the market.
we know exactly what will happen; in the few days between tipping and start of month, it will rocket. An otherly-structured competition would have some way to account for this well observed phenomenon.No posts for three years. RDS has been very disappointing.
The weekly chart shows an up trend ...
ps: I've thrown it in the Sept monthly comp. We never know what can happen.
Thanks @peter2I dislike having to highlight spelling mistakes but surely you meant "chump" instead of champ.
RDS not drilling fast enough for you? Price looked like going up nicely but has since drifted lower. I estimate a few weeks for the drilling and I know the samples take a few weeks to analyse. Add in the normal COVID delay and we'll see the results sometime in the future.
I've a bag full of positions that have stalled after looking likely. I'm giving RDS a little longer. Could be worse (MSB yikes!).
Further to my previous posting, I started digging into announcements.Thanks @peter2
I speak no English. So grammar , spelling and syntax are common errors for me.
But my spell capability fortunately above average. So I did mean Champ. Lol
Yes msb gave me opportunity to add - right or wrong.
Regards
When KalTails came gold was $270 per oz. Any thing 1 gm per ton or less was reject. Today Telfer is 0.65 gm/ ton.* can't edit but above should be 105 million @ 0.075 per share, not 0.070, for a 5:1 consolidation with current last price of 0.015.
I believe the only thing pushing it down hard from the spike is the 0.014 recent placement washing through.
Drill results will be fascinating to see the recoverable grade. Also metallurgical results when they come. The tonnage is big and see the results of a nearby past project like this - KalTails. At low gold prices of the past you wouldn't have spent money squeezing every last gram out of a tonne - plus improved techniques now, maybe.
This is bound to be wrong but might get in the ball park?
Tonnes per cubic metre
The most conservative figure I came across is 1.6 tonnes/cubic mtr of crushed rock (non metal laden)
Multiply that by 6,300,000 cubic metres in the HanTails = 10 million tonnes tailings ore in round number.
That's about 1/6th of the tonnage recovered from KalTails.
600,000 ozs gold recovered from KalTails
That suggests 100,000ozs recoverable from HanTails if you wildly assume similar grade and recoverability.
In the same strain, assume after toll and refining margin of $500/oz = $50m pay.
Haha, halve for error = $25m cash for an $8m market cap minnow.
View attachment 112596
The previous jump to 0.06 was surely bot powered, (but without having seen the flow, can't confirm.)I've a bag full of positions that have stalled after looking likely. I'm giving RDS a little longer.
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