RTM - Reefton Mining

Rob_ee · 30 January 2007

I don't know if I am qualified to comment where the company is going but the sp is going down hill.

This was may 1st ever purchase 2 weeks ago when I bought in on a recent high @4.8c .

A week later after 7 RED bars in a row I got the hint and bailed out @ 4.2c for a small loss.

From what I can see in the Oct report they have less than 3 Mil in bank, about 400K shares on issue.

Recently they got rid of 1 Director and hired 4 NEW directors from memory.
If they expand out of Namibia and into WA more money will be required for land and exploration NOT TO mention 4 new Directors sallaries will be drawn from the pool plus pressumably share bonuses for those gentlemen.

I will buy in one more time ( small position only) on the next retrace , whenever that may occur but guessing the bottom is a bit tricky.

Lets hope that once I am on it does emulate Paladin , Now wouldn't that be nice

Kauri · 30 January 2007

Stand by for news, the Board is meeting right now and I am waiting on a return call from the CEO to find out what is happening since the new board was appointed.

Name change... new directors...looks promising....but what I would be asking them is if they have severed all ties with the Nikolaenko's.

bobdabuilda · 31 January 2007

will the existing shares in rtm rank pari passu with the new shares in magna or is there going to be a consolidation?

Prospector · 31 January 2007

Rob_ee said:
Lets hope that once I am on it does emulate Paladin , Now wouldn't that be nice

Yep, well, that was my strategy 2 years ago. All it did was lost me money. Reefton is no Paladdin!

petee · 31 January 2007

Rob_ee said:
I don't know if I am qualified to comment where the company is going but the sp is going down hill.

This was may 1st ever purchase 2 weeks ago when I bought in on a recent high @4.8c .

A week later after 7 RED bars in a row I got the hint and bailed out @ 4.2c for a small loss.

From what I can see in the Oct report they have less than 3 Mil in bank, about 400K shares on issue.

Recently they got rid of 1 Director and hired 4 NEW directors from memory.
If they expand out of Namibia and into WA more money will be required for land and exploration NOT TO mention 4 new Directors sallaries will be drawn from the pool plus pressumably share bonuses for those gentlemen.

I will buy in one more time ( small position only) on the next retrace , whenever that may occur but guessing the bottom is a bit tricky.

Lets hope that once I am on it does emulate Paladin , Now wouldn't that be nice

sorry to hear of ur 1st time loss Rob..well i was going to buy in at the low 2cent mark but for some reason got sidetracked...my position is ill keep an eye on it and see what happens...thinking that when it ran abouve 4 cents it would surely retrace..lets see what happens with this company after the recent changes..goodluck

bobdabuilda · 31 January 2007

anyone seen the results which were published earlier? They are awaiting the JORC compliant resource estimates for the skeleton coast but otherwise look to be v low on funds...

ric371 · 8 February 2007

Took a punt on RTM @3.5c on the strength of new blood on the board however all I have seen is a down and not a chirp from the new board on what they plan to do to turn things around,
The CEO wont return my calls!!
I figure I will have to exit if no news comes out of the board shortly and take a loss, it was a punt on spec and the market is voting with their feet,

Is there any news that I havent heard yet??

Ang · 8 February 2007

ric371 said:
Took a punt on RTM @3.5c on the strength of new blood on the board however all I have seen is a down and not a chirp from the new board on what they plan to do to turn things around,
The CEO wont return my calls!!
I figure I will have to exit if no news comes out of the board shortly and take a loss, it was a punt on spec and the market is voting with their feet,

Is there any news that I havent heard yet??

I got stopped out at 3. 5 cents. This stock is showing no signs of going up and I can't see any buy signals at 3.5 cents. Not chance of me going back their, unless they report on somthing good and break and close above 5 cents. No even then I wouldn't risk again, "once slightly burn't twice shy"
regards
Ang

YOUNG_TRADER · 12 February 2007

Having followed RTM 2-3yrs ago and since stayed well clear I have actually waded back into the RTM pond,

I give my reasons as follows,

1. Low Mkt Cap
RTM 365m shares on issue +25m unlisted 2c opies + 270m 10c opies

@ 3c Mkt Cap = Under $12m

2. Projects
Tanzania
Waiting on grab samples, I reckon these will be out very shortly and will rocket RTM

Compare its Peers and their Mkt Caps operating in the area, WMT, UNX, I know both are far more advanced than RTM, but its the spec appeal, RTM could easily follow WMT's path over the course of a heavily traded week

Badja
A uranium target in W.A. where airborne radiometric surveys outlined a 30km long by 2km wide = 60km² Palaeochannel

VHM Nambia
They're awaiting a JORC for there heavy mineral sands project as well and this should come out very shortly, they completed over 672 holes over a very large area so the resource could be quite large

3. Summary

I espect grab sample results from Tanzania which if good enough should launch RTM into orbit,

I also expect a JORC on HMS project very soon,

Cheers

Rob_ee · 12 February 2007

Question Young Trader ?

Since this was my 1st trade and my 1st loss I still have it on my watch list.
(I quess I'll always remember it going forward

At the moment they have about 2Mil left in the bank.

4 New directors salaries to come out of the pot, exploration costs, consultancies costs etc....

I am assuming the only way forward for them is to issue yet more shares.
Current price 3c ... What is your view on where they will get more cash to continue and at what price will they issue.

Nice call on HLX by the way .

Regards
Rob

YOUNG_TRADER · 12 February 2007

Hi Rob,

Re Cash balance situation, your looking 3-6months out

Im looking Now - 1 month out, where I think if the Tanzanian grab samples are positive ie U = 1% etc then RTM will have a huge spec trading session which may lead it to follow WMT a fellow 2-3c U player who had a 42.5% interest in Tanzania U projects and was rocketed into stardom by grab and surface samples, by the RTM has 100% interest

That as well as the expected JORC for their HMS project will provide plenty of spec flavour for me over the next month,

So its a short term highly spec play for me thats it

Cheers

YOUNG_TRADER · 12 February 2007

Hi guys,

Can a techie please take a look at RTM and answer the following

I see support at 3c that was established on 28th Nov 06 and recently

I also see a descending line that started on the 9th Jan 07 around 5c and has continued to act as a descending resistance level,

So I see a descending triangle which should finish in a few days,

What happens/is likely to happen over the next few days if/when the triangle ends? ? ? ?

Thanks in advance techies

mmmmining · 12 February 2007

YOUNG_TRADER said:
270m 10c opies

@ 3c Mkt Cap = Under $12m

YT: I lost tracking on the horrible 10c options. I knew it started in 2004 with something less than 100m. How it has grown into a monster amount? Very interesting.

bobdabuilda · 12 February 2007

Any comments on todays news from the company?? Support at 3c yes, I wonder when the JORC results are out??

YOUNG_TRADER · 12 February 2007

YOUNG_TRADER said:
Hi guys,

Can a techie please take a look at RTM and answer the following

I see support at 3c that was established on 28th Nov 06 and recently

I also see a descending line that started on the 9th Jan 07 around 5c and has continued to act as a descending resistance level,

So I see a descending triangle which should finish in a few days,

What happens/is likely to happen over the next few days if/when the triangle ends? ? ? ?

Thanks in advance techies

Any techies care to help re my above question on descending triangle?

Also forget JORC re HMS, its good Tanzanian Uranium surface grab samples that RTM needs for it to follow WMT

YOUNG_TRADER · 13 February 2007

Techies this descending triangle finishes tomorrow,
Can on of you please have a look and tell me what is most likely to happen,
See qu below for reference

Thanks in advance

YOUNG_TRADER said:
Hi guys,

Can a techie please take a look at RTM and answer the following

I see support at 3c that was established on 28th Nov 06 and recently

I also see a descending line that started on the 9th Jan 07 around 5c and has continued to act as a descending resistance level,

So I see a descending triangle which should finish in a few days,

What happens/is likely to happen over the next few days if/when the triangle ends? ? ? ?

Thanks in advance techies

Trend Trader · 13 February 2007

YOUNG_TRADER said:
Techies this descending triangle finishes tomorrow,
Can on of you please have a look and tell me what is most likely to happen,
See qu below for reference

Thanks in advance

Chart posted showing upto 30mins ago. RTM needs a close above 3.2c to remain positive short term. Volume has been low so I would be looking for the increasing volume levels to determine this over the next day or two.
Ideally you want RTM above the green line this would re-establish the trend movement.
The sell down to 3.2c was quick and over sold, so the stochastic is moving back to the 40 point if this holds, as well as the MACD cross then RTM should run, otherwise it may stay flat or slide a little(2.8c/2.4c).
A plus is it's a fairly vertical sell down, likely to come back and has also been low volume, the volume will signal the movement.

Possible gap up on the open tomorrow

Only an opinion, don't hold. Good Luck

CanOz · 13 February 2007

YOUNG_TRADER said:
Techies this descending triangle finishes tomorrow,
Can on of you please have a look and tell me what is most likely to happen,
See qu below for reference

Thanks in advance

What i see YT is a three wave corrective move down to stop at support. It could be consolidating in a ledge pattern now. Volume has dropped off so theres not allot of sellers left by now IMO.

I think that .03 support is critical.

Cheers,

YOUNG_TRADER · 14 February 2007

Got excited as I thought it was Tanzanian U sampling results,

Its just the JORC for their Heavy Mineral Sands project

Total JORC is 130Mt@ 6.5% THM + 2.4% Slimes what the heck is that worth?

YOUNG_TRADER · 14 February 2007

YOUNG_TRADER said:
Techies this descending triangle finishes tomorrow,
Can on of you please have a look and tell me what is most likely to happen,
See qu below for reference

Thanks in advance

Whats funny is the descending Triangle I saw did finish today and it looks like it was predicting an ann lol

RTM - Reefton Mining

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