RDS - Redstone Resources
- Thread starter kevro
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Be interesting to see how we do this week, hoping we can see a stable uptrend from here and finishing the week off around 65-75c, support looking at around 55c which shouldnt be threatened any time soon imo, maybe im asking for too much here? what do you guys reckon?
well im sure if you read from the start you will noe my opinion
support line is 50cent easy support lines dont move up as quickly, but will slowly gradually move up as the price does, but yes i honestly dont see why we wont (excluding external factors such as how the american market goes etc. etc. etc. etc.) see the stock at 70cents by the end of the week truthfully.
Patience patience
support line is 50cent easy support lines dont move up as quickly, but will slowly gradually move up as the price does, but yes i honestly dont see why we wont (excluding external factors such as how the american market goes etc. etc. etc. etc.) see the stock at 70cents by the end of the week truthfully.
Patience patience
yes thats what i was thinking, tommorrow should be pretty steady possibly small drop from todays close, however throughout the week till friday i hope to see the sp gradually get higher and ending on around near 70c. All we need is a few announcements from this company see how tommorrow goes thinking about buying a few more shares in this one.
see how tommorrow goes thinking about buying a few more shares in this one.
ALFguy
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As you said Alfredbra, dropped a little beginning of the week but is now making a gradual move up.
Hit 69c today albeit on very low volume, but was nice to see the buyers stepping in above 60c and a rare few placing sell orders below 69c. Sell side has a few gaps and I noticed a number selling at 70, pulled their orders later in the day.
It's getting there, slowly.
Would be nice to hear something from the company though.
Hit 69c today albeit on very low volume, but was nice to see the buyers stepping in above 60c and a rare few placing sell orders below 69c. Sell side has a few gaps and I noticed a number selling at 70, pulled their orders later in the day.
It's getting there, slowly.
Would be nice to hear something from the company though.
ALFguy said:
makavels old saying (why create smoke when there is no fire??)
the company will release something when they are ready dont like it your choice simple.
patience as i keep saying patience
everything takes time no matter what mining company we are talking about espically one like this which has so MANY great opportunities.
ALFguy said:
yeah your right about the orders ALFguy.
Getting close to the 70c mark here as what i suspected RDS to reach towards the end of the week. As you can see its looking alot more stable now and slowly creeping its way up however i have a little feeling that alot of share holders will ditch there stocks as we reach above the 70's which we may see a bit of tommorrow. Should be interesting.
As we all would like to see some announcements from this company, im quite happy the way things are travelling at the moment and as Makavel said, patience.
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It looks to me on the charts it might keep going!, pity its another manganite miner surrounded by the same. I mean how many potential companies of the same potential resource can we have!, the market is going to get flooded with this resource in the future if they all lift off.
Freeballinginawetsuit said:
It sure does look like it and lets hope so!!
your right freeballing, theres a few companies mining as what RDS. But look at RDS, its quite huge to me as what the share price also reflects. No announcements from this company yet listed and the sp is travelling quite nicely. Some good announcements and i see a nice dollar comming up!
should be interesting tommorrow, hoping to break 70c fingers crossed!
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Alfredbra said:
I don't think their mining it, just defining their resource as with the others.
Probably going to be briquette/pellet plants (is that feasable?) happening within a hundred kms of each other in the Gero area in the future. Not to mention a railway line, port at Oakagee etc ( wow) all for bulk manganite flooding the market if it all comes off!. Wonder what the ore prices will be at in 3 years time?. Hmmm
Lets see how it goes tommorow hopefully in the upwards direction i think alot of sellers may still retract their selling bids .
With an announcement I mean depending on the day etc there have many companies which their share price has sunk even lower.
But with RDS with a good strong announcement $1 mark seems very easy to me.
With an announcement I mean depending on the day etc there have many companies which their share price has sunk even lower.
But with RDS with a good strong announcement $1 mark seems very easy to me.
ALFguy
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I suspect the main driver here is, which of the major mining houses are they in discussions with and what is the likely outcome.
Any news released that shows who these interested parties are could bump the price right up.
Good to see it touching 70c given the current market
Any news released that shows who these interested parties are could bump the price right up.
Good to see it touching 70c given the current market
Alfredbra,
no further word there, was from another (credible) follower of RDS on another site. It is suspected to be the South American announcement and having spoken to RDS recently myself about Sth America it is fairly close but all procedures must be followed before announcing. South America was not a part of there propsectus and it would really need to be good to divert attention from what they have already.
no further word there, was from another (credible) follower of RDS on another site. It is suspected to be the South American announcement and having spoken to RDS recently myself about Sth America it is fairly close but all procedures must be followed before announcing. South America was not a part of there propsectus and it would really need to be good to divert attention from what they have already.
hmmm, hope a decent announcements are released in times when we need it most. As how RDS is performing at the moment its looking pretty strong imo. Still fingers crossed for above 70 close tommorrow as i stated the other day 70c by friday. Given the market conditions today RDS gave us all a little bit of a suprise i think.
ALFguy
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Yep, pushing through the 70's nicely with a little more volume.
Good to see ppl aren't selling out at these prices - waiting for the ann probably.
Close above 70 will be a good base for next week
Good to see ppl aren't selling out at these prices - waiting for the ann probably.
Close above 70 will be a good base for next week
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