RML - Rusina Mining

[Ruprect]

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.

Dubious, you are dead right. This doesnt make any sense at all. Difference of 5 cents now. If anything, it should be 5 cents the other way.

CFE has options, CFEO which have an OCT 08 expiry, and they are trading at a 6 cent premium to the SP. 22.5cent option, 43.5 cent SP, 27 exercise price = 6 cents.

Options here seem to be the better buy. These things do tend to correct themselves though, so im just sitting and waiting.

 

[Ruprect]

RML powering along in some heavy late trade. Broken the 50c barrier, a good sign. Oppies are still at a 6 cent discount!

 

[JMcDog]

Yes, I picked up some oppies today at 22c which was, at the time, a 6c discount. By exercising the options at 20c I'm well ahead already. Crazy but I like it! Fat Prophets also put out another buy on RML this week apparently... Happy trading!

 

[Ruprect]

Yes, be good to see this one take off. Bit surprised that the announcement last week didnt shoot this one much higher. In fact, its pulled back slightly.

I hold oppies here, i think it has some good potential - not to mention the fact that the oppies have been well undervalued, although have returned in the last few days to be at a .05c discount to the sp. I hate setting anything remotely like a price target, but given the oppies dont expire until march 08, at current prices, they should be trading at least at a 4 or 5 cent premium.

But as they say, the market is always right!

One thing that has occurred regularly in recent days is the pull back in RML in early trade, followed by a strong rally after midday. The pattern is very interesting.

 

[rocka1]

HI all has anyone heard any news on rusina as price is currently up 14 % today volume seems to be fairly healthy for morning trade

 

[Ruprect]

HI all has anyone heard any news on rusina as price is currently up 14 % today volume seems to be fairly healthy for morning trade

It wouldnt surprise me if the market is taking account of the good announcement last week. While there was speculation prior, the announcement didnt give RML a boost, it actually pulled back.

Other than that, im not aware of anything. But if they have good news, i wont complain. Oppies up 7c today. But still at a discount...wish i had more cash!

 

[rocka1]

Thanks for the info I bought a heap 2 weeks ago at .55 ordinary shares I'm just breaking even, I'm going to hold for the long term the share price 7 years ago was 5.00

 

[rocka1]

Rusina depth and volume looking good on opening hopefully it may even crack the all time high ,whats members thought today cheers rocka ps doyr

 

[Ruprect]

Rusina depth and volume looking good on opening hopefully it may even crack the all time high ,whats members thought today cheers rocka ps doyr

Its looking good, running to the same pattern as yesterday, rising well, before pulling back just a little for much of the day.

Keep an eye on the late trade, finished very strongly again yesterday, as it has done for the last week.

 

[Lachlan6]

Gday all. (ELL) has caught my attention after looking at the chart. Very nice ascending triangle pattern in play at the moment, with January, March and May attempts at the $0.2 level. Notice that the first two are pretty much equidistant in time from each other, just an observation, which may mean the next attempt is maybe another month away. Regardless though whenever it is and if it can break through this level, I will jump straight in.

 

[Rimtalay]

Rusina says direct nickel shipping continues
6-August-07 by Edited announcement


Latest News


West Perth-based nickel company Rusina Mining NL has confirmed its plans to ship laterite ores this quarter, telling the market today it remained on schedule.

The full text of a company announcement is pasted below

The Company is aware of many reports and posts in various forums that claim that the Direct shipping market for nickel laterite ores has ceased, and that Rusina shall not be shipping nickel laterite ores this quarter. The Company strongly disagrees with these reports.

The Company will transport higher grade nickel laterite material (1.5% Ni) from Acoje to the Port through its partner DMCI Holdings and remains on schedule to make its first shipment this quarter.

There continues to be buyers for >1.4% Ni in laterite, though grades lower than this are currently difficult to sell as a result of traders accumulating a large stockpile of low grade material in China. There is still a small premium offered for >1.7% Ni in laterite.

The nickel "pig-iron" market is erratic, with decreased demand from stainless steel producers for lower grade "pig-iron" (4-6% Ni) now that the Nickel price has fallen. There remains a demand for higher grade laterites used for producing higher grade "pig-iron" (>7.5% Ni) and ferronickel (>25%Ni)

As reported in the latest Quarterly report, DMCI has obtained the requisite permits and licences to construct and operate their port in Santa Cruz and construction of the temporary loading facility has commenced. Once this is complete, and inspected by the transhipping contractor, a shipping date and firm sale contract may then be set.

 

[moses]

RML is another mining stock that may well be on its way to making a nice recovery with plenty of upside to go. Today sees a 20% rise in SP to 38c.

 

[moses]

RML also has a very nice Neilson SMA chart indicating a sudden rise in after market buying pressure immediately preceding its rise in SP over the last few days.

 

[moses]

RML has broken out today with volume and would have been posted on the Outstanding Breakout Alert thread except its been closed

 

[BlingBling]

RML has broken out today with volume and would have been posted on the Outstanding Breakout Alert thread except its been closed

Put in an order this morning at .36 and missed the boat.
Fat Prophets have a buy on it.
Bugger

 

[lazyfish]

RML has broken out today with volume and would have been posted on the Outstanding Breakout Alert thread except its been closed

Hey moses, that last candle looks wrong to me, I was pretty sure it came below 40 cents at one point today.

 

[DionM]

Hey moses, that last candle looks wrong to me, I was pretty sure it came below 40 cents at one point today.

It opened at 0.395 according to ASX data, but I had a buy order from last night at 0.405 that didn't get filled until almost an hour after opening trade; so I don't think any trades actually happened at that price...

 

[Rimtalay]

Chromite supply problems mount.
Print This Page E-Mail
11/16/2007 07:10:52 AM EST
CHEMICAL BUSINESS NEWSBASE - INDUSTRIAL MINERALS

The unexpected shutdown of Benguet Corp's Masinloc chromite mine in the Philippines has aggravated the already tight chromite supply situation in Asia'. Operations at the Masinloc mine, the Philippines' sole producer of refractory grade chromite with a capacity of 100,000 tonnes/y, have stopped abruptly with no official announcement from Benguet's management. The owner of Cofermin Rohstoffe GmbH, a European chromite trader which has a contract with Benguet, said that the mine was reportedly flooded and investment was required to pump the water out. The closure has generated much confusion as chromite demand has been particularly strong. The mine's output is exclusively dedicated to the refractory market. The mine, which is also called the Coto chromite deposit, is also a supplier to the Asian market, where chromite is enjoying robust demand. China, in particularly, is using increasing amounts of metallurgical grade chromite, which is produced as a by-product of refractory-grade chromite. China's booming stainless steel industry has helped drive prices for non-metallurgical grades of chrome. Some players are hopeful that the supply situation would improve with the discovery of new chromite sources. Lanxess said that its ore reserves increased 80 M tonnes following additional exploration in its Rustenburg chromite mine in South Africa's North West Province. The UK's Chromex Mining Plc is also set to start work on the Mecklenburg Project to mine chromite ore, while Oregon Resources Corp is working to develop a heavy minerals production in Oregon, USA, including production of surface-mined chromite ore.

 

[HobieYak]

Hi All,
Anyone have any updates / news on what is happening to RML ? - it's price has been falling since the beginning of November.

 

[alphman]

Hi All,
Anyone have any updates / news on what is happening to RML ? - it's price has been falling since the beginning of November.

Yeah, the ongoing delays aren't doing the company any good, but hey, it comes with the whole "Phillipines" package.

From what I've heard, the port is complete so shipment of the first sample should occur anytime now if it hasn't already. The saprolite resource drilling is also complete, assay results are in and the company is currently calculating the new JORC resource estimate with the aim of publicising it in December.

The company is holding their AGM tomorrow (Thursday 29th November 2007, 10:00am WST) so the market should have a clearer picture then. I would expect an update on all fronts including the status of negotiations regarding long term DSO contracts. I wont be going though...