RTM - Reefton Mining
- Thread starter el_ninj0
- Start date
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- reefton mining rtm
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Re: RTM
Awaiting announcement re: new uranium find. I saw the notice in the RIO news this morning. Interesting share as it's doubled in value since yesterday.
el_ninj0 said:
Awaiting announcement re: new uranium find. I saw the notice in the RIO news this morning. Interesting share as it's doubled in value since yesterday.
doctorj
Hatchet Moderator
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Re: RTM
There was a 10mill share buyer at 16.5c
There was a 10mill share buyer at 16.5c
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Re: RTM
Big Intended Sellers @ 16-17 cents - BE CAREFULL!
Big Intended Sellers @ 16-17 cents - BE CAREFULL!
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Re: RTM
It is possible.
When drilling starts in the next few days and the New Uranium Discovery isn't what they expected, then expect it to plummet.
Could go either way!
Had that nasty experience with RRS recently. Massive nickel suplhides discovered, then went into trading halt. New annoucement released and they found nothing of commecial value!
stock plummet 50% in a few days!
It is possible.
When drilling starts in the next few days and the New Uranium Discovery isn't what they expected, then expect it to plummet.
Could go either way!
Had that nasty experience with RRS recently. Massive nickel suplhides discovered, then went into trading halt. New annoucement released and they found nothing of commecial value!
stock plummet 50% in a few days!
Re: RTM
Market Depth from Comsec as of 9:27am Sydney Time:
BUY:
3 133,000 0.200
1 3,000 0.190
2 26,200 0.185
7 185,073 0.180
18 649,500 0.175
24 2,310,211 0.170
21 3,104,975 0.165
25 2,985,225 0.160
16 1,349,490 0.155
40 2,336,715 0.150
SELL:
0.150 629,000 5
0.155 290,000 1
0.160 2,000,000 2
0.165 480,254 5
0.170 2,566,710 9
0.175 2,297,098 16
0.180 790,000 13
0.185 894,743 8
0.190 801,500 13
0.195 443,262 12
Market Depth from Comsec as of 9:27am Sydney Time:
BUY:
3 133,000 0.200
1 3,000 0.190
2 26,200 0.185
7 185,073 0.180
18 649,500 0.175
24 2,310,211 0.170
21 3,104,975 0.165
25 2,985,225 0.160
16 1,349,490 0.155
40 2,336,715 0.150
SELL:
0.150 629,000 5
0.155 290,000 1
0.160 2,000,000 2
0.165 480,254 5
0.170 2,566,710 9
0.175 2,297,098 16
0.180 790,000 13
0.185 894,743 8
0.190 801,500 13
0.195 443,262 12
Re: RTM
There isn't as many high bidding buyers today as there was yesterday. People were buying at about 23 cps yesterday before trading started.
I wouldn't be buying for any more than 15cps today. Its definetely going to drop before it goes up again.
There isn't as many high bidding buyers today as there was yesterday. People were buying at about 23 cps yesterday before trading started.
I wouldn't be buying for any more than 15cps today. Its definetely going to drop before it goes up again.
Re: RTM
Down at 14cps currently; Market Depth as of 2:30pm Sydney Time.
BUY:
28 3,298,141 0.140
26 2,416,810 0.135
23 2,294,846 0.130
15 1,076,000 0.125
8 664,333 0.120
5 330,000 0.115
22 1,465,545 0.110
7 1,323,000 0.105
18 662,500 0.100
1 100,000 0.098
SELL:
0.145 140,886 1
0.150 1,828,978 13
0.155 1,540,832 22
0.160 1,893,171 22
0.165 1,480,700 16
0.170 2,227,164 18
0.175 2,335,938 17
0.180 1,970,990 15
0.185 379,500 4
0.190 843,900 14
Down at 14cps currently; Market Depth as of 2:30pm Sydney Time.
BUY:
28 3,298,141 0.140
26 2,416,810 0.135
23 2,294,846 0.130
15 1,076,000 0.125
8 664,333 0.120
5 330,000 0.115
22 1,465,545 0.110
7 1,323,000 0.105
18 662,500 0.100
1 100,000 0.098
SELL:
0.145 140,886 1
0.150 1,828,978 13
0.155 1,540,832 22
0.160 1,893,171 22
0.165 1,480,700 16
0.170 2,227,164 18
0.175 2,335,938 17
0.180 1,970,990 15
0.185 379,500 4
0.190 843,900 14
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Re: RTM
if the next results are good i think it will easily go past 24c, at the moment alot of the potential is factored into the price if they dont find anything significant it will go down hard.
I might jump in for a trade somewhere but pretty risky stock atm
if the next results are good i think it will easily go past 24c, at the moment alot of the potential is factored into the price if they dont find anything significant it will go down hard.
I might jump in for a trade somewhere but pretty risky stock atm
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Re: RTM
looks like thier should be some more movement north tommorow nice move in the uk tonight.
good work el ninjo i'm thinking about jumping on and holding for the rest of the results now, didn't expect them to fill us in piece by piece, and was caught napping today
, wouldn't be surprsied to see them back to 15 in the next few days of trade :/, looks like their pretty tight with no leaking to insiders which is a great sign
hope it goes well
looks like thier should be some more movement north tommorow nice move in the uk tonight.
good work el ninjo i'm thinking about jumping on and holding for the rest of the results now, didn't expect them to fill us in piece by piece, and was caught napping today
, wouldn't be surprsied to see them back to 15 in the next few days of trade :/, looks like their pretty tight with no leaking to insiders which is a great signhope it goes well
Re: RTM
Anyone know much about the uranium mining industry? I'd just like to know what the likely hood of RTM actually pulling something out of the ground worth while is. They have had similar announcements before and by looking at the charts, you can all see what happend then too. Is this one going to be any different?
Anyone know much about the uranium mining industry? I'd just like to know what the likely hood of RTM actually pulling something out of the ground worth while is. They have had similar announcements before and by looking at the charts, you can all see what happend then too. Is this one going to be any different?
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Re: RTM
Maybe there ain't no Uranium in the ground
Maybe there ain't no Uranium in the ground
Re: RTM
The drop in price was due to the announcement made. As follows:
STATUS OF RENEWAL APPLICATIONS FOR ERONGO AND SKELETON
COAST EXCLUSIVE PROSPECTING LICENCES
As a result of significant delays by the Mining Commissioner of the Ministry of
Mines and Energy, Namibia in addressing renewal applications lodged in
respect to the Erongo Polymetallic Project (EPL 2805 – 2811) and the
Skeleton Coast Diamond Project (EPL 2698 – 2700), and in the absence of
any official correspondence from the Ministry of Mines and Energy, Namibia
as to the progress of the renewal applications, the Board of Directors have
resolved to engage legal counsel to pursue the same.
Section 71(3)(a) of The Minerals Act (Namibia), 1992 provides that mineral
licences continue to remain in force until such time as the Minister of Mines
and Energy refuses to grant a renewal for the licence.
With the renewal applications for the Erongo Polymetallic and the Skeleton
Coast Diamond Project having been lodged in March 2003 and August 2004
respectively, and despite assurances from the Ministry, it is the Board’s view
that the period of time the Commissioner has taken to consider the renewal
applications for the Erongo Polymetallic and Skeleton Coast Diamond Projects
is inappropriate and unreasonable.
The Board of Directors will provide an update in respect to this matter as
further information comes to hand.
_________________________________________________________________
So its just a problem with the status of renewal. Hopefully it can be resolved shortly.
krisbarry said:
The drop in price was due to the announcement made. As follows:
STATUS OF RENEWAL APPLICATIONS FOR ERONGO AND SKELETON
COAST EXCLUSIVE PROSPECTING LICENCES
As a result of significant delays by the Mining Commissioner of the Ministry of
Mines and Energy, Namibia in addressing renewal applications lodged in
respect to the Erongo Polymetallic Project (EPL 2805 – 2811) and the
Skeleton Coast Diamond Project (EPL 2698 – 2700), and in the absence of
any official correspondence from the Ministry of Mines and Energy, Namibia
as to the progress of the renewal applications, the Board of Directors have
resolved to engage legal counsel to pursue the same.
Section 71(3)(a) of The Minerals Act (Namibia), 1992 provides that mineral
licences continue to remain in force until such time as the Minister of Mines
and Energy refuses to grant a renewal for the licence.
With the renewal applications for the Erongo Polymetallic and the Skeleton
Coast Diamond Project having been lodged in March 2003 and August 2004
respectively, and despite assurances from the Ministry, it is the Board’s view
that the period of time the Commissioner has taken to consider the renewal
applications for the Erongo Polymetallic and Skeleton Coast Diamond Projects
is inappropriate and unreasonable.
The Board of Directors will provide an update in respect to this matter as
further information comes to hand.
_________________________________________________________________
So its just a problem with the status of renewal. Hopefully it can be resolved shortly.
