RTR - Rumble Resources

[peter2]

Agree, it's only a paltry $4M for little more drilling for their "potentially world class project". Going to the dumpster file.

 

[brerwallabi]

Agree, it's only a paltry $4M for little more drilling for their "potentially world class project". Going to the dumpster file.

Now this could be the turnaround for RTR, whilst I would not call the share price surging yet, it is moving to an upward trajectory, up over 10% on recent lows.
Drilling has now started on the old Western Queen to test some old high grade intersections and also some other nearby possible high grade targets.
If results are consistent with previous finds the market may well view Rumble in a different light.

 

[peter2]

Yep, your post had me looking at the chart and I do believe there's early signs of demand. The recent cap raise at 0.04 has supported price.

 

[Sean K]

RTR flat bottomed around 3c.

A strategic investor may give it a bump.

But, $1m isn't really that strategic, is it?

 

[Sean K]

Bump.

But, doesn't mean that the deposit is too low grade as it stands, unless Zinc catches fire.

It has been improving of late however....

 

[greggles]

RTR flat bottomed around 3c.

View attachment 184925

A strategic investor may give it a bump.

But, $1m isn't really that strategic, is it?

View attachment 184926

Peter Harold must be quite the salesman to get $1 million out of BGR. That will buy the company a little more time. Western Queen will need to deliver some wide bonanza grade gold intercepts in the near future to get the market interested in this disappointing explorer again.

RTR are going to need a lot of luck to dig themselves out of the hole they are in.

 

[brerwallabi]

Peter Harold must be quite the salesman to get $1 million out of BGR. That will buy the company a little more time. Western Queen will need to deliver some wide bonanza grade gold intercepts in the near future to get the market interested in this disappointing explorer again.

RTR are going to need a lot of luck to dig themselves out of the hole they are in.

Look like they might be drilling themselves out of the hole after some drilling in June prompted a review and reinterpretation of the Western Queen Gold Project and led to a remodelling and enlargement of the MRE.

Western Queen MRE increased 76% to 4.42Mt at 2.02g/t for 286,600 oz

Further drilling aimed at significantly increasing the new MRE is planned in the
coming months with up to 12,000m of RC and diamond drilling to test unexplored areas.

Rumble up to 5.9cents almost up 16% today looks like news started to leak a week ago when it was 4.1cents.

In for a trade yesterday 4.8cents.

 

[Sean K]

Not sure if it's the gold numbers or zinc recovery. Would have been an OK short term trade a few days ago.

 

[greggles]

Bit of a shock to see RTR roaring back to life like this after I had given it up for dead. Looks to be a combination of their drilling results at Western Queen and the zinc price coming off its lows and looking like it has the potential to make its way back towards US$4000/tonne.

I'm watching with interest but am still doubtful that they can be resurrected. Stranger things have happened though so I'm prepared to keep an open mind about it.

 

[greggles]

RTR raising $7.1 million through the issue of 157.4 million shares at 4.5c. Last bite of the cherry for this mob. Props to Peter Harold for pulling this deal together but it all smacks of desperation.

$7 million is a decent chunk of change. i hope they spend it better than the $40 million they raised back in 2021.

 

[brerwallabi]

Well Rumble took us out for a spin now it looks like heading back to the car park
Out at 4.9cents, just made a cheap red from the trade.
Doji candle today it took a nosedive on the last doji, possibly another fall back to 4 cents.