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RRL - Regis Resources

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Stock has shot up today on announcement to ASX of "highly positive" drilling results - looks positive for growth =)
 
yes seems v. positive - i valued this project above @ .30 a share but these intersects are additional to previous resource model so we should see an increase in the resource, and seems to be potential for further areas to be defined

i hold RRL but concerned with managements willingness to dilute capital with non-shareholder placements - i expect they will be fundraising again soon and hope they see the benefit of a SPP

from the ann:

 
As 56 has just said the issue of managements willingness to dilute is a concern, Im in and holding, looking to get more if i can at decent levels and we just gotta hope they dont go diluting the stock any further.
 
Bluebeard - i don't understand the golder 2007 resource upgrade summary - how does this relate to previous resource estimates - presum we have to wait still for the full resource picture (expected during current quarter - so before June end)

felt like selling after their latest capital raising but market seems to have become interested...
 
This looks to have come off a double/triple bottom - Lots of resistance overhead 11.5/12 then 13/13.5 then 15/15.5 - but 21 day ma just broke 63 dma from below - first time since it crossed from above in nov 2006.

Company has done some promotional work overseas and market now expecting full resource upgrade - newmont owns 49% so has strong claims that this could successfully move towards production - earlier i have suggested the moolart project is worth 29c / sh...

worth a look? DYOR!
 
Im still in this and waiting on announcements. The next resource update will be important. Just had a look at buyers/sellers there seems to be an even level across both today. Trading at around 10.5c to 11c recently.
 
this one has gone back towards the 9c-9.5c level. Still awaiting resource update- Does anyone know when its due?.

Noticed yesterday and today some decent buy orders on commsec so who knows! This one probably needs some news to start moving. Anyone have a though about this now?

PS- I continue to hold and people should do there own research on this.
 
From a T/A perspective this looks a bit poorly I'm afraid. It is making higher lows over the past 10 months or so. It really needs to hold above 8.5 cents imo, otherwise it could get real ugly. Undisputedly a very promising looking resource, but with 1.2 billion shares already in the market and more funds needed to dig it up they may be forced to JV again or do another capital raising..
 
todays announcement is interesting to say the least. People should do there own research.

Im still holding.
 
Definitely good timing of the announcement to lift it back above 10 cents again. "153m sulphide, with 17.6 of massive suplhide. The sulphide zones consist of massive pyrrothite and pyrite, etc. "
Sure sounds impressive. But they don't tell us what's actually there. I.e. how much good stuff is in there and at what grades...
 
Price revolving around 11c to 11.5c today. Plenty of Buyers at 10c level, plenty of Buyers at 10.5 and plenty of Buyers at 11c as well. Looking forward to resources update and also an announcement (analysis) of there last announcement to the market which sounded interesting.
 
Some recent announcements - and interesting ASX query more than just normal please explain - I've seen far worse in terms of price increase in lead up to ann - wonder why they pick on RRL?
 
Im still holding RRL. Havent added or changed my holding for a fair while now. Im actually not quite sure what to think of this stock. The announcements from time to time seem to be positive (for the most part), whats your view of where this is at 56?
 
So whats happening with Regis?

Share price has been smashed.....is Newmont in or out?

is there a share consolidation?

Opinions anyone?
 
Quarterly ann out today

http://www.regisresources.com.au/admin\file\content5\c6\rrl dec07 qtrly (2).pdf

Capital Cost Estimate – Duketon Gold Project December 2007
ELEMENT COST A$m
Processing Plant..........62.1
Infrastructure.............36.4
incl Process Borefield....8.3
incl Accom Village........9.7
EPCM........................9.7
Owners Costs.............15.7
Contingency 15%........19.4
Working Capital............5.0
Total.........................148.4 million

Current Market Cap: 72.8 million

So they need to raise twice what the company is worth....i would think that would be difficult.
 
I got out at 72c and took a big haircut along the way. Well i suppose it all comes down to learning and experience and for me this one was not a good one at all
 
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