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RML - Rusina Mining

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yogi-in-oz

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Hi folks,

RML ..... a price spike early today and another
high-volume day, as well ... sellers thinning
again, now.

happy days

yogi

 
Hi yogi. Yair I've been in abour 6 months, Reckon has potential to fly If Co. reports come good. Certainly Holding & Watching & suspect will be opening my Purse to let a few more moths out sooner rather than later. C > b.
 
can't believe this one has escaped the attention of the boards almost completely....

their Philippines Nickel/PGM project is potentially world class....
a contract to mine 5 million tonnes over Nickel laterite "over-burden"
has been signed, with work to commence in May....

a Hong Kong group owns 11.26 million shares of RML through HSBC...

http://www.rusina.com.au/
 
siempre33 said:
can't believe this one has escaped the attention of the boards almost completely....
Click to expand...
It may have escaped this board but it hasn't escaped everyones attention.
The volume traded since 19th April has been pretty good with the SP going from 0.26 to 0.60. I am waiting to see if the retrace on Friday has further to go before the upward march is recommenced.
 
a promo "puff piece" from Taipan investment group, written around March 20..
excerpt...

"Since 1975, a highly secure mining and exploration venture known as "The Project" has remained dormant on a remote island in the Philippines, locked down and kept tightly under wraps by its original owners. Deemed "no longer profitable," operations were shut down and the site was abandoned.

For miles in every direction, access to the site has been blocked off to all but a select few who can approach the island with proper clearance and authorization.

To the rest of the world, The Project is forbidden territory.

But in 2003, entry was quietly granted to a small Australian mining company.

Project owners allowed this tiny company complete access to the site.

It was permitted to run tests and take samples of the soil and surrounding grounds back to its private labs in Australia.

All of these proceedings were conducted in secret, without an ounce of publicity or announcement until much later...

... and they were all quietly guided by mounting market pressures including the hand of the world's most ambitious superpower, China.

The reason for this -- as this small mining company discovered through its research, is that The Project's site is home to one of the world's largest and only unexploited reserves of a precious metal that China is absolutely desperate for.

In fact, The Project currently holds 33 million tons of this sought-after metal... 95% of which is graded as "pure."

And now, this little-known mining company, which currently trades for only 22 cents per share, has acquired the rights to restart The Project and aggressively mine the site for the vast deposits of this rare metal that China is consuming at a record pace.

Demand is driving a "partnership" between this tiny company and China -- ensuring that a sizeable percentage of the vast metal reserves flowing into the Far East will be coming directly from them.

And when The Project commences operations this summer, I fully expect this Australian mining stock's price to hit upwards of $2 in a matter of months."

GEE! what co. could this be about?.....
 
Taipan promo for Rusina, II....written April 9, 2007.....[I have since noted]...

"The Project is one of those stories that comes along very rarely. The kind of story that the deeper you dig, the more potential for outstanding returns you'll find.

Think about it, you've got:

China, the world's newest superpower, biggest consumer of natural resources and largest producer of stainless steel...
A severe shortage of nickel, the critical ingredient to stainless steel, throughout the world...
A highly secured and sealed-off mine in a remote island of the Philippines that's been shut down to nickel miners for over 30 years, but contains some of the world's largest nickel deposits...
A tiny 22-cent mining company, anointed to be the one to finally reopen "The Project" and acquire the sought-after nickel that China is desperate for...
That one last mystery factor I mentioned earlier, which is driving prices of raw materials such as nickel, through the roof and that I believe could actually accelerate this Australian miner's value even higher than 809%...

This Company's Key to an Even
Bigger QUADRUPLE-DIGIT Gain...
This last catalyst for profits is the Commodities Super Cycle.

A Super Cycle occurs when demand for a certain class of goods or materials hits new highs at the same time as the supply of these materials is drastically low.

And after a depressed commodities market that lasted through most of the 1980's and 90's and bottomed out around October 2001, where huge quantities of natural resources were bought up at bargain-bin prices, that exact set of circumstances came to life.

And when they did -- the opportunity for shrewd investors became limitless.

Just look at the facts -- in the past four years since the Commodities Super Cycle began, the Reuters Jefferies Commodities Index, a listing of 23 exchange-traded commodities, including nickel (the precious metal The Project was designed for), has soared over 91% to reach the highest price levels in its 60-year history."
 
quarterlies released....

HIGHLIGHTS DURING QUARTER
• JORC compliant nickel limonite resource estimate completed
• Pit deepening program returns world class grades including 3.2m @ 2.94% Ni
• Drilling commences on Acoje Saprolite resource
• Mining contract with major Philippine listed contractor DMCI announced
• Rusina and DMCI jointly investigate pig iron smelter
• Direct shipping of 50,000 t laterite approved for 3rd Quarter 2007
• Demand for nickel laterite ore from China continues to grow

also, it has been posted elsewhere that RML has US$15.7 Billion in-situ metals value at Acoje, estimated...
 
Got on to this one a few days ago....from a scan that I run across ASX.

Classic spike with the off the scale vol, then sell off on thinning sellers over the next few days.

Trades in london on LSE...up 16% on Friday

Muzza

DYOR
 
resina minerals RML

HI everone does anyone out their have information on resina minerals as I have noticed share price increases with large volumes traded. I have bought on the top end and would like to know whether I should maybe sell or hold onto it. rocka1
 
Does anyone know why there is a trade halt on Rusina Mining? I have researched through google and have not found any clues.
 
Rusina is on trading halt pending announcement check out their media releases at asx one of interest dated 20 - 4 -07 is worth a read the company was finalising agreement with a local miner as to satisfy phillipines ownership regulations also doing drilling may have something to do with one of these. regards rocka ps indicative price is .545
 
Damuzzdu,how do you run a scan overASX to pick up the activity in RML?
l3vip Does anyone know why there is a trade halt on Rusina Mining? I have researched through google and have not found any clues.
Today 12:10 PM
rocka1 HI everone does anyone out their have information on resina minerals as I have noticed share price increases with large volumes traded. I have bought on the top end and would like to know whether I should maybe sell or hold onto it. rocka1
Yesterday 05:24 AM
Damuzzdu Got on to this one a few days ago....from a scan that I run across ASX.

Classic spike with the off the scale vol, then sell off on thinning sellers over the next few days.

Trades in london on LSE...up 16% on Friday

Muzza
 
Find good reading material for rusina at fire fox site http://www.proactiveinvestors.co.uk/articles/article.php?RMLA may be of some interest to members.
 
I just checked indicative price on market depth it is now .555 for rusina thought some members would like to know cheers
 
ww2zombie said:
Damuzzdu,how do you run a scan over ASX to pick up the activity in RML?
Click to expand...

www2zombie,

I run Metastock, and have designed an exploration to look for breakouts on across every ASX stock. I look for share prices that are under $1.00 and stocks that have had their prices rise by over 20% looking back 2 days. I then filter these stocks by the volume to weed out those where volume is really thin. RML first appeared on 19/4, then again on the 20/4, and then blow me down again on 26/4. Something was up. Totally off-the-scale volume on 26/4/07, no announcement, and no speeding ticket from ASX. They had received a speeding ticket on 20/4/07 and replied by highlighting a number of reasons why the possible increase in the share price. Hmmm

The weekend had enabled to do some research on RML and when i saw they had JORC resource of 33.15 million tonnes grading 0.95% Ni, 0.07% Co representing 315,000 tonnes of contained nickel. That spark my interest.
That's an IGV of $US9.4B using Ni at $US30k. Ni is of course $US51K right now.

Entered on 30/4 at 0.48c (much lighter volume day), and oh so nearly got shaken out 2 days later when it fell heavily to close at 0.41c, but held on. At the time i was thinking i'm probably very silly, but...

With the rise in london on friday evening was looking forward to trading this morning, but it went into trading halt, why - anyone guess.

Cheers
Muzz

PS Used same princples to enter into AQD on 2/5..but I seem to be 1-2 days out each time More refinements on my entry prices maybe needed...???
 
Despite being halted in Australia, RMLA continues to trade in London.

Now at 26.16p up another 9%

Cheers
Muzz
 
There will be an annoucement regarding a transaction of the Ni project before market open tomorrow.
 
rml share price in london is currently at .28 up 16 % also rml just released a statment check it out at asx site rml requested trading halt in london but monday was a holiday they were also told it was not possible to halt trading for tuesday thats why they are still trading they said they will release info if transaction of some sort was successfull or not at the end of londons trade day and will also do the same before the asx stock market opens wed cheers rocka
 
RML opies are currently trading at a 5c discount to the heads. 20c opies with expiry March 2008.

Summary of announcement released today
 
RML opies look like opening at a 6c discount again. An arbitrage like this never lasts very long, either the heads will come down to the opies or the the opies will rise to meet the heads. My money is on the opies rising. Grabbed some yesterday at 20c and will look to top up again today.
 
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