RTR - Rumble Resources

[greggles]

The market virtually ignored yesterday's announcement with the Russia-Ukraine tensions dominating the news and weighing the market down. It's going to be hard for the market to gain any kind of traction until this situation is resolved. A lot of punters are heading for the door at the moment and going to cash or gold. Some good buying opportunities coming up in the next few months.

 

[Sean K]

The market virtually ignored yesterday's announcement with the Russia-Ukraine tensions dominating the news and weighing the market down. It's going to be hard for the market to gain any kind of traction until this situation is resolved. A lot of punters are heading for the door at the moment and going to cash or gold. Some good buying opportunities coming up in the next few months.

Yes, is general panic stations. May be a very good buying opportunity coming up. I thought the last leg down to the 7200 area line was, might start adding again if it gets to there, or worse. RTR definitely one to consider on a major correction, it's hard not to see Earaheedy turning into a significant mine at some stage.

 

[Sean K]

First signs RTR may have made a significant higher low from the 40ish cent bottom. Has a problem with 57c though.

Get an initial MRE out!!!!

 

[Sean K]

OK, time's up. Infill drill for an initial MRE on these deposits. zzzzzzzzz

 

[greggles]

Tonka Prospect

The mineralised footprint (>0.5 % Zn + Pb) at Tonka has grown to a strike of 4.3km and is up to 1.2 km in width (based on 8 sections) and remains open northwest and southeast along strike, and down-dip to the northeast .

Navajoh Prospect

The main section has defined a continuous zone of Zn-Pb mineralisation over a 2km strike and 1.4km wide. The mineralisation is flatly dipping to the northeast (similar to Chinook and Tonka) and is open along strike to the southeast, to the northwest towards the Tonka Prospect and down dip to the northeast.

Huge exploration area and still open in multiple directions. Unbelievable that its only up 8% today. The market will catch on soon and this will be back to 2021 highs. Consider what is known now to what was known back in May last year when RTR was trading much higher.

 

[Sean K]

I wonder what it's going to take to break out of this 11 month sideways move. There's been plenty of opportunity now for the weaker hands to hand over their old shares to new players.

They've proven the resource is actually there, they just need to close it off at some point for an initial MRE and for the market to actually understand what they have, and then keep drilling. Much like what CHN did. They need to put it on the map for the institutions.

 

[greggles]

Not sure what is keeping RTR from getting above 60c, but one thing is clear - it seems like a pretty low risk entry to pick it up around 40c. I honestly don't see much downside at these levels other than some kind of market crash. If I had some spare capital that I wanted to park somewhere, I'd be parking it in RTR.

 

[Sean K]

Not sure what is keeping RTR from getting above 60c, but one thing is clear - it seems like a pretty low risk entry to pick it up around 40c. I honestly don't see much downside at these levels other than some kind of market crash. If I had some spare capital that I wanted to park somewhere, I'd be parking it in RTR.

Even a market crash would just be a short term buying opportunity, imo. It's going to be a massive resource. And the World is going to need what they've got. I'm not sure if the ex-Weagles player running the shop understands that.

 

[frugal.rock]

Not sure what is keeping RTR from getting above 60c, but one thing is clear - it seems like a pretty low risk entry to pick it up around 40c.

It has been politely waiting for me to enter, which I have now done.
It can now continue on its merry way skywards... ?

 

[greggles]

It has been politely waiting for me to enter, which I have now done.
It can now continue on its merry way skywards... ?

I'd be in at current levels if I had some spare capital, so I will have to live vicariously through your RTR investment. Please tell me when you exit so I can pop some imaginary champagne or fake cry into my Weet Bix.

 

[greggles]

Not a lot of news flow for RTR recently and share price has dipped slightly on low volume as a result. Should hopefully be some news through in the near future. Aren't the RC and extension drilling results from the Kalitan Feeder Zone at the Chinook Prospect due soon?

 

[frugal.rock]

20th April 2022
ASX Announcement
(marked sensitive)

Wardawarra Project Update
Drilling Commenced on Battery Metal Targets

Someone might paste the announcement here?
A quick squiz at it and my thoughts are that it might be the thing that pushes the share price along again until more news from Chinook.
Will have to wait and see what the market thinks though.

 

[Sean K]

20th April 2022
ASX Announcement
(marked sensitive)

Wardawarra Project Update
Drilling Commenced on Battery Metal Targets

Someone might paste the announcement here?
A quick squiz at it and my thoughts are that it might be the thing that pushes the share price along again until more news from Chinook.
Will have to wait and see what the market thinks though.

I wish these guys would down tools on these sideshows and commit to an MRE at Earaheedy ASAP. Should be doing better with Zinc going nuts.

 

[Country Lad]

20th April 2022
ASX Announcement
(marked sensitive)

Wardawarra Project Update
Drilling Commenced on Battery Metal Targets

Someone might paste the announcement here?

https://www.asx.com.au/asxpdf/20220420/pdf/4584cbgxnzgphv.pdf

 

[greggles]

RTR at bargain basement prices at the moment. Hard to see it going much lower, just needs a catalyst to get it moving north again.

Bell Potter put a valuation of 60c on it a couple of weeks ago.

 

[greggles]

More good drilling results, share price goes backwards. Not much making sense recently with RTR. All signs are pointing to this being a monster discovery.

 

[Sean K]

More good drilling results, share price goes backwards. Not much making sense recently with RTR. All signs are pointing to this being a monster discovery.



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Yes, it's going to be big. Like most resources though, the metal price correction has got hold of them. Going to have to wait for the general pullback to stabilise for any upward momentum change I think. I think the market is factoring in demand destruction and harder to get debt.

 

[greggles]

Director Matthew Banks recently picked up 250,000 RTR shares at 33c in an on market trade. Nice to see the company directors stumping up some cash for shares.

 

[greggles]

RTR has dipped below 30c today to be trading at 28.5c. I thought RTR would likely hold above 30c, but there are holders still getting out at a decent profit at current prices considering it was trading at 10c in March 2021. Each to his own, but I think you'd be crazy to sell RTR at these prices unless you had to given the scale of the resource they have at their Earaheedy tenements.

 

[Sean K]

RTR has dipped below 30c today to be trading at 28.5c. I thought RTR would likely hold above 30c, but there are holders still getting out at a decent profit at current prices considering it was trading at 10c in March 2021. Each to his own, but I think you'd be crazy to sell RTR at these prices unless you had to given the scale of the resource they have at their Earaheedy tenements.

I've had this on the Short List for some time, waiting for this implosion. Starting to look very tasty.