RSN - Renison Consolidated Mines
- Thread starter Odduna
- Start date
Hi, I have had this stock on my watch list for some time. My people tell me this one is good the next 30-120 days should please all stock holders, if the coal ore body is as good as my associates say, then you will all have something to smile about. The stock is good buying.tekram said:
I wonder if we have the same associates
The first drill report released for Arrawatta indicates and ore bdy bigger than Ashford. And as Ashofrd is already 14mt (JORC) and expected to rise, let the good times come!
Ps. I only hold a small parcel in the stock, i was lucky enough to get into when it was mid teens.
Odduna said:
Although i wasn't expectin another capital raising, how they are doing it, and what they are doing it for will give a nice short term lift before the coal announcements are made.
from a close at 27.5 cents on friday, stock is now up to 31 cents.
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This capital raising was different and very good news in my opinion. If you have been reading about the deleterious effects of gold hedging on the profitability of minig companies, then you would be happy to have stock in a company trying to minimize hedging. See for example
http://www.321gold.com/editorials/schwensen/schwensen032806.html
or read the chairmans report from PSV in early march.
http://www.321gold.com/editorials/schwensen/schwensen032806.html
or read the chairmans report from PSV in early march.
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tekram said:
I hope this is true
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Probably not bad in present market where you could buy down to 26c. I got in early and took mine up. If I'd waited a few days I may have bought ordinary shares instead. Still, the money is raised and that means no hedging. Gold looks set for a run so, even in the situatuation of a sharemarket meltdown precipitated by the very poor US economic conditions, the long term outlook for holders of commodity miners should be solid... though our nerves may be tested in the short term.
Well, just got back into stock.
With an increase of resources to 18 million tonnes at Ashford,
first gold mine online.
good times will start to come now.
i don't think this stock blows anymore
as i have interest in it, i guess i should ramp this stock up : )
With an increase of resources to 18 million tonnes at Ashford,
first gold mine online.
good times will start to come now.
i don't think this stock blows anymore
as i have interest in it, i guess i should ramp this stock up : )
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Good luck. Let's hope it does well for holders. I'm personally not expecting much actual return in the short term. I guess that a lot of the gold profits will be put back into further development, but that should make it a reasonable growth prospect.
Not much talk in forum about this stock for a while.
Its had a few very good annoucments recently.
First gold bar poured at its NT gold mine.
North Queensland gold propsect looking good after recent drill results.
And good reports coming from its NSW coal assets.
Pity that share price is not reflecting current news.
Does anyone see this as a long term propect?
Its had a few very good annoucments recently.
First gold bar poured at its NT gold mine.
North Queensland gold propsect looking good after recent drill results.
And good reports coming from its NSW coal assets.
Pity that share price is not reflecting current news.
Does anyone see this as a long term propect?
