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What price did RDS close at today?! ahh pleasent day for investors definately. 
RDS - Redstone Resources
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Sean K
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Surely you know how to find this information?
Or, are you just ramping it?
Or, are you just ramping it?
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Gentlemen please, only add a post to a stock thread when you have something of value to add to the discussion. Lets have fewer buy recommendations and more analysis and discussion of fundamentals.
Thank you.
Thank you.
Hi Joe,Joe Blow said:
RDS was my entry for the August tipping comp that was disallowed. Fair enough it did'nt qualify by not listing until a few days into August. Thought I had it covered this month but the monetary reward wins hands down. Go RDS.
Closed at .95c today as the end of day auction failed due to a speeding ticket in Auction time.
CanOz
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I'm a bit dumb on what happened at closing time, can someone explain to me what happened? I saw it, but i don't understand it?
I believe because of the asx announcement (speeding ticket) arriving just before 4pm, it went into pre open, stopping the usual after 4pm auction, which may have actually done some people a favour, as they tried to sell below the closing price. I believe because of the hints in the last announcement, eg JV or takeover, this will open tomorrow higher than .95c. Just my opinion.
ALFguy
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Biggle said:
Looking a little shakey for an open above 95c! Could see this softening as Makavel said.
ALFguy
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Jumped in on a low today after seeing more stability.
Could easily drop a little more but I'll be holding out for the medium term.
Any sort of positive announcement from these guys and we'll see another spike....I expect.
Could easily drop a little more but I'll be holding out for the medium term.
Any sort of positive announcement from these guys and we'll see another spike....I expect.
im hoping it will hover around this price with no sudden large drops. Today reaching a high of 66c from a 57c open wasnt to bad. As you said alfguy a bit of positve news and we will see another spike, but its done pretty well so far. RDS looks like it has alot of potential and have a good story behind them in which overtime i hope to see it reaching into the dollars, if not ill be looking at purchasing into GBV (a Gun, a Bullet and a bottle or Vodka.)
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Note this mornings disclosure of director selling last week.
ALFguy
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Morgan said:
A spouse is appears, but still.
Dropping off again today, down almost 10% and could go further with the current volume. I should have waited
Patience....think medium term....medium term.
ALFguy
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Alfredbra said:
Yes, was watching this late afternoon and there appeared to be a great deal of interest in buying around the 50c mark.
Maybe it'll stabilise a little now or even start to creep up.
What I have noticed is the gaps in the sellers. No big commitments there and so any sniff of buyers moving in could see this climb fairly quickly.
That said, these gaps can also act as brick walls!
Be interesting to see what happens on open tomorrow.
Makavel said:support line def 50cents+
everything looks very good
Patience is the word here
I agree looking not to bad here, traders buying in before close today resulting sp closing at high. Perhaps monday we could expect RDS to open reasonable and uptrend to continue slowly from there. Could be completely wrong and i suppose i may be a little biased as i hold. Have been a bit worried with this stock, but does short term sp movements really matter if your in for the long haul?
Hi,
just been going through the Redstone Resources website and prospectus and I still get a buzz from it. This is going to be huge. Very little exploration done in there area over the last 25 years due to native title issues. With BHP next door and an in ground value of $25 billion and similar geology throughout there territory, well who knows what it will be worth. Here is a summary from the website.
"The team at Redstone, has secured an extensive and strategic portfolio of highly prospective properties in the West Musgrave Region in Western Australia, totalling 4324 km². The West Musgrave Region is one of the least explored Proterozoic terranes in Australia, representing a unique and unparalleled opportunity for greenfields exploration and the potential discovery of world-class deposits.
• The West Musgrave Region has the appropriate geological setting to potentially host world-class Voisey’s Bay Ni-Cu-PGE type deposits and Olympic Dam-type iron-oxide copper-gold (IOCG) deposits.
• 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 district as a major mineral province.
• Mineral exploration using modern techniques and exploration models have never been applied to the Redstone Tenement Package.
• The project areas have relatively shallow cover and are amenable to modern geochemical and geophysical techniques, allowing for rapid and efficient mineral exploration.
• Formal access agreements with the indigenous Land Council administering the Ngaanyatjarra Reserve are in place, allowing exploration to proceed progressively.
Exploration targets on Redstone tenements with great economic potential include:
• High-grade nickel mineralisation at Red Rock over 300m strike (rock chip samples up to 6.8% Ni and 5.7% Co), with two nickel sulphide targets defined for drilling;
• Significant copper mineralisation at Tollu over 2 km² strike (averaging 6.75% Cu from 68 rock chip samples), open under cover in all directions and ready to drill;
• The Saturn Anomaly, a 12 km long layered intrusive which is highly prospective for Ni-Cu-PGE, has direct comparisons to the giant Jinchuan Ni-Cu deposit (China), Panton Sill PGE Deposit (Australia) and Bushveld Pt-Pd (South Africa)
• Two geophysical targets at Baggaley Hills, with geophysical signatures comparable to those of the giant Olympic Dam IOCG deposit.
In addition, the Redstone global targeting team aims to enhance company value through the application of scientific, technical and commercial skills and industry networks to:
• Identify and target mineral provinces globally, with potential for world-class discoveries;
• Generate targets with high discovery potential at low geological risk;
• Secure entry to prime exploration acreage through international industry relationships; and
• Explore utilizing conventional and innovative exploration to test high-quality targets."
At close of business Friday they have a .56c per share value which is based entirely on there territory which has not even been drilled. When drilling commences I think I will be besides myself.
Kevro
just been going through the Redstone Resources website and prospectus and I still get a buzz from it. This is going to be huge. Very little exploration done in there area over the last 25 years due to native title issues. With BHP next door and an in ground value of $25 billion and similar geology throughout there territory, well who knows what it will be worth. Here is a summary from the website.
"The team at Redstone, has secured an extensive and strategic portfolio of highly prospective properties in the West Musgrave Region in Western Australia, totalling 4324 km². The West Musgrave Region is one of the least explored Proterozoic terranes in Australia, representing a unique and unparalleled opportunity for greenfields exploration and the potential discovery of world-class deposits.
• The West Musgrave Region has the appropriate geological setting to potentially host world-class Voisey’s Bay Ni-Cu-PGE type deposits and Olympic Dam-type iron-oxide copper-gold (IOCG) deposits.
• 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 district as a major mineral province.
• Mineral exploration using modern techniques and exploration models have never been applied to the Redstone Tenement Package.
• The project areas have relatively shallow cover and are amenable to modern geochemical and geophysical techniques, allowing for rapid and efficient mineral exploration.
• Formal access agreements with the indigenous Land Council administering the Ngaanyatjarra Reserve are in place, allowing exploration to proceed progressively.
Exploration targets on Redstone tenements with great economic potential include:
• High-grade nickel mineralisation at Red Rock over 300m strike (rock chip samples up to 6.8% Ni and 5.7% Co), with two nickel sulphide targets defined for drilling;
• Significant copper mineralisation at Tollu over 2 km² strike (averaging 6.75% Cu from 68 rock chip samples), open under cover in all directions and ready to drill;
• The Saturn Anomaly, a 12 km long layered intrusive which is highly prospective for Ni-Cu-PGE, has direct comparisons to the giant Jinchuan Ni-Cu deposit (China), Panton Sill PGE Deposit (Australia) and Bushveld Pt-Pd (South Africa)
• Two geophysical targets at Baggaley Hills, with geophysical signatures comparable to those of the giant Olympic Dam IOCG deposit.
In addition, the Redstone global targeting team aims to enhance company value through the application of scientific, technical and commercial skills and industry networks to:
• Identify and target mineral provinces globally, with potential for world-class discoveries;
• Generate targets with high discovery potential at low geological risk;
• Secure entry to prime exploration acreage through international industry relationships; and
• Explore utilizing conventional and innovative exploration to test high-quality targets."
At close of business Friday they have a .56c per share value which is based entirely on there territory which has not even been drilled. When drilling commences I think I will be besides myself.
Kevro
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