RTR - Rumble Resources

[greggles]

Interesting. The ground out there is looking quite prospective and the mineralisation is open in more than one direction.

I wonder if this could impact the prospectivity of the landholding that CDT have applied for, which is immediately to the east, south-east and north-east of the Chinook and Magazine Prospects.

I will keep an eye on the RTR assay results as they come in. Looks like there are quite a few outstanding.

 

[Sean K]

Interesting. The ground out there is looking quite prospective and the mineralisation is open in more than one direction.

Looks like mineralisation is in the Dolomite. CDT have a chunk of that to the south, but not much elsewhere. Unless my guestimate is wrong regarding what the zinc is sitting in.

 

[Sean K]

Looks like Rumble has finally settled down after the jizzem back in April. Might have shaken out the initial short term traders. Chart has some support and resistance lines forming. Through 50c not much resistance till 60.

There's heaps of results due in the coming weeks to see how they're tracking and whether this is as good as first anticipated.

Had some problems with water in their drilling which might have been a set back.

 

[Sean K]

Looks like Rumble has finally settled down after the jizzem back in April. Might have shaken out the initial short term traders. Chart has some support and resistance lines forming. Through 50c not much resistance till 60.

Bit of a break up today. Not sure if it was the general market of some love coming back to RTR.

 

[Sean K]

Rumble had about 90 drill holes in the shop announced on 23 Aug and still haven't got any results. Must be due in the next week or two. Meanwhile the sp has continued to drift right but held up pretty well after all that excitement in April. Probably should have shaken out short term traders who bought in very late April and May. They are still ramping an exploration target of 100-120Mt @ 3.5-4.5% Zn which would be an incredible deposit if they eventually define that. Not sure how they can get away with announcing that target based on the drilling to date. MD's qualifications include a Diploma in Financial Planning (wow) and played 3 games for the West Coast Eagles. Not a big fan or resource exploration companies having accountants and ex footballers running them.

 

[greggles]

I'm surprised it's held up so well to be honest. 40c looks like solid support as long as there is no bad news. A market cap of $266 million is a sizeable one for an explorer with no revenue. However, they do have their fingers in a lot of pies with a lot of potential.

RTR at these levels is a coin flip for me. It could go either way depending on news, so it's a real gamble. If they deliver, there's a lot to like here but my biggest concern is that the downside could be brutal if they don't come up with the goods.

Am following with interest but am doing so from the sidelines.

 

[brerwallabi]

Still holding 20000 of the 100000 I bought about fifteen months ago, now I wish I had kept the lot.
The remaining parcel is a free carry, fingers crossed RTR really hit the jackpot.
Even if it turns up nothing which I seriously doubt I can still bail out before it sinks.
Thanks for reassuring charts I think we have lift off

 

[greggles]

Things continue to improve for RTR at their Earaheedy Basin prospects.

The Chinook Prospect mineralised zone has grown 44% in size since the previously announced expansion. It is now 4.1km x 1.9km in size and open in all directions.

Further high-grade Zn-Pb drill results have been received:

• 15m @ 4.02% Zn+Pb and 4.86g/t Ag
• 11m @ 3.92% Zn+Pb and 4.23g/t Ag
• 8m @ 5.20% Zn+Pb and 9.57 g/t Ag

The planned 40,000m drilling program is likely to be increased due to the increased size of the mineralised footprint.

This deposit is looking very big and is given that it is open in all directions is likely to get even bigger.

 

[Sean K]

Things continue to improve for RTR at their Earaheedy Basin prospects.

The Chinook Prospect mineralised zone has grown 44% in size since the previously announced expansion. It is now 4.1km x 1.9km in size and open in all directions.

Further high-grade Zn-Pb drill results have been received:

• 15m @ 4.02% Zn+Pb and 4.86g/t Ag
• 11m @ 3.92% Zn+Pb and 4.23g/t Ag
• 8m @ 5.20% Zn+Pb and 9.57 g/t Ag

The planned 40,000m drilling program is likely to be increased due to the increased size of the mineralised footprint.

This deposit is looking very big and is given that it is open in all directions is likely to get even bigger.

Looks huge.

They haven't upgraded their exploration target yet, but you'd think they'd be adding some tonnage to it. MC at $350m looks undemanding for the potential here. Is there anything to compare it to?

Still not impressed the MD is an ex-Weagle.

 

[peter2]

I've had a passing interest in RTR and keep it in a watch list. Now that price is near recent lows I had a look at the corporate activities.
Was I surprised. RTR has got seven prospects. SEVEN. IMO mgt can't keep their eye on so many prospects. IMHO they should get rid of five of them. Focus on their main prospect, Earaheedy (Zn-Pb,Ag) and perhaps one other that their human resources can manage.

Their limited amount of capital will be spread around and not used to maximum benefit. It's too easy to tap investors for more without significantly advancing their main prospect.

 

[Sean K]

I've had a passing interest in RTR and keep it in a watch list. Now that price is near recent lows I had a look at the corporate activities.
Was I surprised. RTR has got seven prospects. SEVEN. IMO mgt can't keep their eye on so many prospects. IMHO they should get rid of five of them. Focus on their main prospect, Earaheedy (Zn-Pb,Ag) and perhaps one other that their human resources can manage.

I agree, they've been throwing darts at a board since inception. They were even in Burkina Faso at one stage. Fraser Range was their centre piece for sometime, then it was Braeside. They've been mining the market until stumbling along Eareheady and they need to focus now. It took them two years to put a drill hole into Eareheady FFS. Nathan Tinkler was appointed as a strategic corporate advisor at one point. LOL

Time to focus Rumble.

 

[Sean K]

They must have heard us chatting on ASF @peter2 and decided to focus on Earaheedy. Well, they say that but the've still got all those other things going ahead that an ex-AFL player surely can't keep track of.

Is it now over two months since they had drill holes in the shop? The labs in WA must be making a motza at the moment.

Looks like there's a floor at 40c for the time being and could be a safe entry around those levels. And perhaps those well overdue assays will give it the rocket to break up.

I love the commodity, but I don't like their lack of focus here - two years to first drill a hole into it, and spread so thin. I'm also a bit suss on their exploration target which they go to lengths to say is conceptual in nature, but provide no real basis for the numbers they've plucked. Just sounds like a ramp to me. Plus, I don't like the Weagles.

 

[Sean K]

These guys are still rumbling along aimlessly waiting for something to happen. Could they do a CHN and come out with a JORC on Earaheady to actually tell us what's there? I doubt these characters are focussed enough to be even thinking about that. Took them 2 years to even put a drill hole in it.

Their last ann was interesting, referring to the Wardawarra Project, that wasn't even mentioned in their quarterly and locations of projects. See above. Where the hell did this one come from?

This ann is more interesting in that they found some 'significant' meme minerals like Cobalt, Tanatlum, Niobium and of course, Lithium.

Didn't move the dial on their SP.

They need an ex-Essendon player to run this shop.

 

[greggles]

Company Presentation released today. A couple of near term catalysts:

1. Initial 40,000m RC and Diamond follow-up drill program nearing completion - assays pending
2. Drilling at Munarra Gully & Lamil Projects (A1M JV) completed – assays pending

 

[Sean K]

Company Presentation released today. A couple of near term catalysts:

1. Initial 40,000m RC and Diamond follow-up drill program nearing completion - assays pending
2. Drilling at Munarra Gully & Lamil Projects (A1M JV) completed – assays pending

They at least put some more effort into Earaheedy in the presentation. With the drilling they've done so far, it is going to be huge, if it all joins up and is consistent, which it looks to be so far. So, their 100Mt @ 3.5%Zn + looks like a very high probability. Open pittable, just not clear on Capex/Opex to build and mine.

With that potential resource I just don't get why they don't down tools on their other 50 projects and put all hands on deck drilling this sucker out.

 

[greggles]

They at least put some more effort into Earaheedy in the presentation. With the drilling they've done so far, it is going to be huge, if it all joins up and is consistent, which it looks to be so far. So, their 100Mt @ 3.5%Zn + looks like a very high probability. Open pittable, just not clear on Capex/Opex to build and mine.

With that potential resource I just don't get why they don't down tools on their other 50 projects and put all hands on deck drilling this sucker out.

Some of the other projects are JVs/farm-ins. A1M is doing all the heavy lifting at the Lamil Project at the moment and RTR have been working on the Munarra Gully Project for some time now. I think they see plenty of potential at the other projects and want to keep advancing them too. Success at any one of their other projects will mean a higher share price and larger market cap.

Rumble currently flirting with previous support around 39c to 40c. If it holds at or above this level, this may be a good entry.

 

[finicky]

Dont hold but was reading this today:

" .....today we’re taking a look at two companies that stand out from the crowd by being active at their flagship projects while also adding in new opportunities, delivering investors more bang for their buck in the process...."

RUMBLE: "Rumble is not quite a junior anymore with its $260 million market cap. A 13c stock a year ago, its rise through the ranks is courtesy of its major Earaheedy zinc-lead-discovery where four drill rigs are whirring away to confirm its Tier 1 credentials.
Earaheedy was a product of Rumble’s strategy of working on a pipeline of exploration projects. If a project doesn’t shape up it gets moved on and is replaced with a new exploration play. The strategy paid off big time with Earaheedy.
Working through prospects in the pipeline with the drill bit and replenishing the back end with new prospects has continued under the guidance of its technical director Brett Keillor, a veteran award-winning geologist.
So while Earaheedy remains very much the company’s focus, new projects that might well deliver the company a second major discovery are being worked through the system.
There was an example of that during the week with Rumble’s exploration update on its Munarra Gully project near Cue in Western Australia. Drilling co-funded by WA taxpayers returned visual copper sulphide mineralisation in all six holes.
Interesting in itself but real interesting if the pending assays also return gold-silver values as anticipated. Assay results are expected early next year. If it shapes up as a potentially major copper-gold find, Rumble will get cracking.
If not, it gets moved on and the company rolls in another exploration play Keillor and the rest of the gang reckon is worth a shot.
It all goes back to Garimpeiro’s preference for companies working hard at delivering more bang for the investor’s buck."
(The other discussed is Kingston (KSN))

Barry FitzGerald: Two junior gold explorers that are putting the project huggers to shame - Stockhead

Too many juniors have a half-decent project that might or might not make it to the development stage, and that’s all they focus on.

stockhead.com.au

 

[peter2]

RTR closing below the chart support level at 0.40 is significant. This should trigger a lot of sell orders so it is going to be very interesting to see if this new supply is immediately bought.

I accept that RTR is sitting on a Tier 1 resource and it's going to take years before they create a DFS. They've completed further drilling and are still waiting for the results. Long delays with the lab results provide more time for impatient holders to sell. The trading opportunity now is to buy at the lower price and hold for the drill results. Should the results confirm the tier 1 resource I've no doubt the price will spike up in a similar manner to the recent CHN results spike.

However the downside risk is the break of a long term support level. It's impossible to determine how low price will go before the next results are released. Cue the Harry Callahan quote: You've Got To Ask Yourself One Question: 'Do I Feel Lucky? ' Well, Do Ya, Punk?

 

[Sean K]

RTR closing below the chart support level at 0.40 is significant. This should trigger a lot of sell orders so it is going to be very interesting to see if this new supply is immediately bought.

It's looks precarious. A big gap to fill...

 

[peter2]

Well, that's good. I posted earlier that I anticipated demand to appear if price got below resistance (0.40). Price closed below 0.40 for three days and it's been bought up immediately. Like to see this. It indicates that there's still demand at lower prices. Holders still have faith that there's going to be good news down the track.