RTR - Rumble Resources

[Sean K]

So, was it overvalued in April 2021 or undervalued now? It's almost a completely different company given what the drilling has uncovered since then. Management should be embarrassed for no other reason than they have failed to get the market excited about what they have at Earaheedy. They thought the drill bit would do the talking for them, but it hasn't.

What is required now is laser like focus on hitting the most prospective targets and selling the company's story. They need vision, something that has been sorely lacking and lost in the nuts and bolts of exploration activity.

Definitely a different company now. While the low grade issue is clear, it could also be the general malaise in the resources sector (less lithium). The whole Covid/China pause thing has had a major effect on real and perceived future demand. Base metals have not had a good year or two. Zinc has halved since Apr 22. The XAO is only just back to pre-covid levels of March 20.

 

[peter2]

Traded at 0.12 today. This is becoming a serious concern for holders. There's going to be a massive dilution when they next raise capital.

 

[Captain_Chaza]

Traded at 0.12 today. This is becoming a serious concern for holders. There's going to be a massive dilution when they next raise capital.

AGREE!

 

[greggles]

Traded at 0.12 today. This is becoming a serious concern for holders. There's going to be a massive dilution when they next raise capital.

Yes, a very sad state of affairs for RTR holders. Not many shares changed hands at 12c today but this should be a wake up call for management about the market's level of confidence in RTR at the moment.

If this CR gets away it will be because larger holders supported it. I find it hard to believe that the average Mum & Dad holders will stump up more cash to buy RTR shares at 13.5c when they can get them cheaper by buying at market.

 

[brerwallabi]

Can’t see this going anywhere at the moment.
Really got caught out on this, I felt this company was actually creating a world class operation and I still believe it will happen.
I didn’t see this coming even believed they would eventually raise capital without disturbing the share price too much.
Will just have to wait a year or two now I am sure a stream of news will start to drive it up again.

 

[peter2]

RTR traded at 0.10 today! I note the volume has been high over the past few days. Someone is buying from the exasperated sellers.

 

[frugal.rock]

in the nuts

Where sellers are feeling the kick

Commodity prices have the hiccups.

 

[Sean K]

I say again, you can't trust West Coast Eagles footballers.

 

[greggles]

I'm a bit mystified by all of this. Usually capital raisings are well planned in order to achieve certain desirable outcomes such as raising the cash (and are hopefully "heavily oversubscribed" for good measure) and making management look competent.

So what happened here? Usually you have some good news set to arrive just before the CR to get the punters frothing at the mouth. You know, something to get people confident about investing in a company that's share price has been in a steady downtrend for the past year and a half. But there is no vision here, just a bunch of holes the ground.

In my estimation, management has done a shocking job selling the RTR story. They've also botched this CR and now the company looks like a bit of a joke. A very sad situation.

 

[Sean K]

I'm a bit mystified by all of this. Usually capital raisings are well planned in order to achieve certain desirable outcomes such as raising the cash (and are hopefully "heavily oversubscribed" for good measure) and making management look competent.

So what happened here? Usually you have some good news set to arrive just before the CR to get the punters frothing at the mouth. You know, something to get people confident about investing in a company that's share price has been in a steady downtrend for the past year and a half. But there is no vision here, just a bunch of holes the ground.

In my estimation, management has done a shocking job selling the RTR story. They've also botched this CR and now the company looks like a bit of a joke. A very sad situation.

The volume is there, the grade is ordinary.

What will turn this around is the price of Zn/Pb. If base metal prices turn around I would not be surprised if this went nuts. So, it's a bet on base metals really.

And, maybe the MD should have been a full forward instead if a winger. He wasn't a very good one at that.

 

[greggles]

The volume is there, the grade is ordinary.

What will turn this around is the price of Zn/Pb. If base metal prices turn around I would not be surprised if this went nuts. So, it's a bet on base metals really.

And, maybe the MD should have been a full forward instead if a winger. He wasn't a very good one at that.

I agree that price of base metals is the biggest factor in all of this, but good management can swim against the tide if they can nail down a effective strategy. They have known for a long time when they would need to raise more capital. They should have assumed that base metals prices would be in the toilet just based on the deteriorating macro conditions since the beginning of last year.

Maybe I'm being too critical but I don't think management has beaten the drum enough, especially leading into this CR when they should have known it would be needed.

 

[greggles]

Shane Sikora out the door in the middle of a critical CR. Can't say I'm surprised although the timing is a little odd. Honestly, I think some new blood and a fresh start is needed right now. I hope the new MD, when he or she is found, really kicks some goals for the company.

 

[Sean K]

Shane Sikora out the door in the middle of a critical CR. Can't say I'm surprised although the timing is a little odd. Honestly, I think some new blood and a fresh start is needed right now. I hope the new MD, when he or she is found, really kicks some goals for the company.


View attachment 162441

Doesn't look very orderly. Not having a replacement looks sloppy. He may have been pushed. 'Increased value for shareholders' is a bit relative to where you look at it. 5c to 75c was a good effort. But 75c to 11c not so good.

 

[brerwallabi]

Every other announcement they make sees the share price go down at least we went up today.

 

[Sean K]

Every other announcement they make sees the share price go down at least we went up today.

Yes, excellent achievement to go up today.

 

[frugal.rock]

Thought bubble.
RTR reminds me of NCZ which got taken over.
Had some profitable trades with NCZ when the SP was down in the dumps, but they were long hard trades.
Base metals really need to regain some price. It was looking like they were a few weeks? back, but fizzled out.

Some Muppet on the forum was claiming "there's nothing like a nickel boom", it's been hitting new 52 week lows for a while now.
Nickel

*Breaking News.
AVL and TMT to merge.

 

[greggles]

Thought bubble.
RTR reminds me of NCZ which got taken over.
Had some profitable trades with NCZ when the SP was down in the dumps, but they were long hard trades.
Base metals really need to regain some price. It was looking like they were a few weeks? back, but fizzled out.

Some Muppet on the forum was claiming "there's nothing like a nickel boom", it's been hitting new 52 week lows for a while now.
Nickel
View attachment 162906

*Breaking News.
AVL and TMT to merge.

With RTR stumbling at the moment, it wouldn't surprise me if a major looking to increase reserves, or projects in that neck of the woods (Earaheedy), decided to take it over. With base metal prices in the toilet at the moment I think we will see a lot of M&A activity in the next 12 months as larger resource companies run the ruler over small cap explorers with promising projects.

 

[brerwallabi]

With RTR stumbling at the moment, it wouldn't surprise me if a major looking to increase reserves, or projects in that neck of the woods (Earaheedy), decided to take it over. With base metal prices in the toilet at the moment I think we will see a lot of M&A activity in the next 12 months as larger resource companies run the ruler over small cap explorers with promising projects.

RTR are not the only ones stumbling, nearly every thing I have designated a medium to long term trade is down the drain. I have recently added a few more shares at these lower levels
What’s going down has to go up sometime so is it a stupid risk or a smart risk?
Made many a dumb decision in the past hopefully not another one.
I do believe they do have a company making project even though it might be a few years away.

 

[greggles]

More of the same from the Mato Prospect. Low to average grade zinc and lead mineralisation from 100m to 200m. Share price is barely moving this morning. They need to find those feeder faults.

 

[Sean K]

More of the same from the Mato Prospect. Low to average grade zinc and lead mineralisation from 100m to 200m. Share price is barely moving this morning. They need to find those feeder faults.

View attachment 163558

Yep, the 5-7% hits look good. Need more of them. If this mineralisation continues right around the strike, which it looks like it does, it's going into the Super Giant category. I wonder if simply getting into the 300Mt zone around 3% makes it economical and worthwhile for a major?