RHK - Red Hawk Mining

[GeraldFord]

Agreed, representing estimates as Inferred\Indicated resources is not going to improve the credibility of FMS releases...

Speaking of which, anyone notice that the 'template' proposed in last week's weekly release conveniently left out things like %P from the results?

 

[matt1987]

down below 10c now. happy i got out when i did a few wks ago.

this one smells fishy to me - the managing director really likes marketing the stock and promoting it to the world. theres a whole lot of shares on issue to they better hope they find something worth mining. the manager owns over 10% of the company so maybe hes trying to protect his own wealth by talking it up.

 

[Touch of Gold]

down below 10c now. happy i got out when i did a few wks ago.

this one smells fishy to me - the managing director really likes marketing the stock and promoting it to the world. theres a whole lot of shares on issue to they better hope they find something worth mining. the manager owns over 10% of the company so maybe hes trying to protect his own wealth by talking it up.

Kevin has been marketing the stock and if he wasn't, I wouldn't want him as MD. Resource stocks have taken a fall. Even the big boys like BHP, Rio and down around 30%, FMG down nearly 50%. Demand is still strong and I still think resource stocks are the place to be.....

 

[matt1987]

kevin - the md - has made himself almost a daily item on boardroom radio's schedule and also now releases weekly drilling reports.

look, good luck to all those holding on, i hope they get a good find and the sp takes off, but i think the md's ramping efforts are slightly excessive. just my opinion.

 

[Hendrik]

kevin - the md - has made himself almost a daily item on boardroom radio's schedule and also now releases weekly drilling reports.

look, good luck to all those holding on, i hope they get a good find and the sp takes off, but i think the md's ramping efforts are slightly excessive. just my opinion.

:iagree: but sometimes being burnt by a stock can turn opinions sour..

ill stay positive about FMS, i was hit by it too so im looking to get some revenge, in due course. :badass:

 

[cordelia]

:iagree: but sometimes being burnt by a stock can turn opinions sour..

ill stay positive about FMS, i was hit by it too so im looking to get some revenge, in due course. :badass:

There's a lot of shares changing hands right now......be interesting to see what happens over the next few days...

Options are due to be exercised at the end of the month.....Its cheaper to buy the heads.....

 

[chrissyoscar]

I had a heap of options at one stage and couldn't believe it when I saw them at .5c.
I got out luckily around 6c but I hate thinking about all those who are going to get burnt with the options.
The heads are different as I still believe they have value and once it becomes clearer what FMS actually have the share price could reach new heights.
I find it unsettling how a whole sector can be booming and then over night it goes sour.
Everyone kept saying we had a double economy, well we don't anymore.

 

[sowhat61]

So what r ur guys opinions??
Do u recon this share is underpriced??
What does flinders mines actually have to offer..

I've been watching this stock for a while - seems like its got to turn around at some point..
Maybe when the american economy starts to settle - but then who knows when that'll be.

 

[Touch of Gold]

Must be one of the few scrips up today. In reference to the initial drilling from what Kevin is ethicizing without saying it, is that the resource size could be almost twice as big as initial speculated.....

 

[cordelia]

When do the options stop trading if the expiry date is the 29th September?...and do you have until the 29th to exercise them

 

[Prospector]

I thought I had read somwehere that the options last day for trading was today. I could be very wrong, but I just cant find anything else about them.

 

[Craze0123]

Ann released today which i think is outstanding...$19.2 mill will help tremendously in current market conditions, not to mention the fact that directors put up $1.7mill out of $11.1 mill.

http://www.asx.com.au/asxpdf/20081007/pdf/31crmtj083t91m.pdf

 

[joeyjoejoe]

its days like these i wish i still held flinders

(or at least re bought back in at 0.046)

55% one day gain... you wont get that from FMG

 

[joeyjoejoe]

its days like these i wish i still held flinders

(or at least re bought back in at 0.046)

55% one day gain... you wont get that from FMG

here i am less than 24 hours later........and what do you know

FMG up 54.96% in one DAY

the highest one day gain from them in the last 6 years???

and what smart person sold out at 2.85 on friday..... after saying "it will come good" for 8 days in a row........yours truly..

*sighhhhhhhhhhhh*

 

[Prospector]

its days like these i wish i still held flinders

(or at least re bought back in at 0.046)

55% one day gain... you wont get that from FMG

Actually, today we did get that from FMG - 437 +155 +55.0%
Nice if it holds, and also spreads to FMS

 

[Eloise]

Anyone have any thoughts on FMS? I have been watching them for the last couple of months, but have never seen them drop so low. (although you could say that about most compaines atm). Do you think they will recover from this low any time soon? or do you think its just the start of a downward trend?>?

 

[Touch of Gold]

Anyone have any thoughts on FMS? I have been watching them for the last couple of months, but have never seen them drop so low. (although you could say that about most compaines atm). Do you think they will recover from this low any time soon? or do you think its just the start of a downward trend?>?

ATM is the key word, the world markets is a wash with down pressure, have you noticed FMG and FMS have been moving in tangent (same %) , DOOWWNN.. But so has everything else. I would expect both of them to move up in a similiar pattern. I use 2 charts that give me direction of future trades, Firstly the CBOE Vix, it is currently forming a typical head and shoulders pattern which is positive and the 10 day Put/Call ratio which has been forming a solid bottom for the past 10 days, another positive. The way I see it, is that just about everthing is cheap. I only wish I had more cash..
The recession will be around for at least 1 to 2 year but that doesn't mean share prices won't rise during this time. Be selective and DYOR....

 

[prawn_86]

LOL eternal optimist im guessing.

FMG has much more chance to move up if/when the markets recover as they are making income already and have cash in the bank.

All FMS will be doing is spending money and probably need a capital raising.

To say that FMS is somehow coupled to FMG is completely ludicrous IMHO.

 

[Touch of Gold]

LOL eternal optimist im guessing.

FMG has much more chance to move up if/when the markets recover as they are making income already and have cash in the bank.

All FMS will be doing is spending money and probably need a capital raising.

To say that FMS is somehow coupled to FMG is completely ludicrous IMHO.

Give me a break, I'm not saying FMS is in the same class as FMG and never have.. ... Read my previous quote.. When FMG tends to move in any direction, same goes for FMS (linked by IRON ORE) so when FMG recovers to say to around $5.50, FMS would probably climb to 1.5 Cents..

If you want to make a response to a quote, at least check your facts for past performances, History tends to repeat itself.........

 

[Sean K]

I'm not saying FMS is in the same class as FMG and never have..

ToG, you probably need to be more astute with how you describe things then:

have you noticed FMG and FMS have been moving in tangent (same %) , DOOWWNN.. But so has everything else. I would expect both of them to move up in a similiar pattern

From that statement, it may be assumed you think they're inextricably linked?

I agree to some extent in that they are linked to the overall sentiment of the IO market, however when push comes to shove the specs will be in deeper poo.

Of course, they could make more significant gains as well if the sector turns dramatically in the short term. Is that likely?