greggles
I'll be back!
- Joined
- 28 July 2004
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Lots of potential and expectations. Take a look at the Lamil Project JV they have with A1M in the Paterson Province. That could be a huge deposit as well.
And I expected punters to take profit. Derrr. Not seen anything like this in a long time. There's obviously some very high expectations of this Earaheedy thingy.
Maybe BHP are buying it.
Lots of potential and expectations. Take a look at the Lamil Project JV they have with A1M in the Paterson Province. That could be a huge deposit as well.
Good pick up Kennas, On the rise this morning. I think the profit compound of RTR. Will excel the trade through the roof for a little while now. Perhaps over 300% for the month.
With the XML, XAO being down all of last week. RTR has followed suit....Would expect buyers to get back on board.. The early trends we should look for to identify a stock that could multiply in value over the long term? Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. So when we looked at Rumble Resources and its trend of ROCE. Would expect RTR to up all week...XMJ ChartRTR fairly valued but the impending release of assays will probably see another squirt, I expect many of the traders will get out after that. The two rushed holes are likely the best mineralised although Zn can be tricky to estimate from visuals. No doubt the resource will be big. Pushing 30Mt after the current drilling I'd have thought, but at what grade? Then there needs to be a consolidation before the drill out and feasability etc. All I was saying was that BLZ hadn't moved as much as the other players who acquired ground in the basin, with the along strike ground from RTR they are in the box seat to add to the discovery much like TRT and VMS are good bets next to Chalice. Charts mean nothing in this case of fundamental chance of discovery IMO.
Might be some value in the nearology at BLZ. Castle minerals and others have already had a run on their second rate land grab. But BLZ is the new next door neighbour.
Highly mistaken'RTR announce commencement of drilling programme. " Maybe see some of that compound go to work "
smacked between the eyeballs of lateThe RTR share price continues to decline from its highs of early May. It hit a low of 40c today and closed at 48c, off 9.43% from yesterday's close of 53c. This is despite a few announcements today, one of which is a presentation on advancing the Earaheedy Discovery.
Additional drilling has started to define the Chinook Prospect.
View attachment 125414
Obviously there are a lot of questions being asked about how much ore Rumble actually has at Earaheedy, and there is a lot of work yet to be done.
RTR have a number of other projects. The Lamil Project JV with A1M could be much bigger than Earaheedy, but there is still a lot of drilling to be done there.
The results on 2 June and price action may have shaken some punters out of RTR. Looks to have steadied a bit.
Not sure why it was so smashed, I've just been through the results again and they were similar to what caused it to spike. Maybe just too much heat.
Only those 'along strike' (around the basin margin) with feeder faults and the prospective unconformity are set for potential success. All the down dip tenure toward the middle of the basin is tenuous nearology. With grades like 5% you need some tonnes near surface. There's 2 kinds of next door and one of them is on a barren highway and the other is the next mansion. I'll let you decide which plots are which.I think it got ahead of itself a little and probably shot up too high on a lot of speculation. With a lot of traders on board that inevitably resulted in a big sell off. Those who had gotten in were already in and there were too many profit takers and not enough buyers after the excitement wore off. So down she went...
I don't think we're going to see too much in way of share price gains for RTR in the short term (although that's just an opinion, I could be wrong). I'm wondering which of the other exploration license holders in the Earaheedy Basin are next to do an RTR. There has been a bit of of a nearology effect already with a few companies, but which of them will actually have drilling success? How prospective is this area?
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