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RVR - Red River Resources

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YOUNG_TRADER

Joined
18 February 2006
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Quick post to start thread because I'm in a rush, proper analysis to follow soon

only 45m shares on issue + 25 20c 31/3/2010 options

7 Uranium licence applications in N.T., with 2 near Rum Jungle!

JV with UOG over Bungalow Well in W.A.

Federal Prospect is a Magnetite project near MIS'd huge Koolanooka Magnetite deposit, so far magnetite samples of 335% + Fe have been found over a 2.5km x 500m area

Blythe Project in Tasmania is an IOCG Olympic Dam like targe with intial potential for a 100Mt - 200Mt @ 40% Fe Magenetite deposit


The Uranium licences in N.T. especially near Rum Jungle + the tiny mkt cap are what I like, enjoy
 
Hi Sam,

Are you the major buyer for today???
Last 45 minutes has around 25% of today's volume trading?
 
lol James,

not at all this is a very spec play so hence I won't allocate more than $5k - $10k to it
 
lol I tend to agree with you.
I think the person saw your post yesterday and they buy the chunks .....
good luck to all of you !!!
 
Well almost another record day of volume for RVR, there's been more shares traded over the last 2 days then there has been for almost 6 months, time for the proper analysis

RVR

Mkt Structure

Shares
45m
25m 20c 31/3/2010 options

Mkt Cap @ 15c = $6.75m Current
Mkt Cap @ 30c = $21m Target
Mkt Cap @ 45c = $31.5m Upside


Cash
$600k (will need more soon) + $5m in options


Mkt Cap Comparison with peers
CUL $30m
HDN $24m
PXR $20m
NUP $50m
NTU $80m
WAS $24m

Its clear $20m should be the minimum mkt cap for an operator with Uranium tenements in the N.T., Arbitrage!


Projects

N.T. Uranium Uranium, some 100%, N.T.
7 tenements all up, see pic below for location of tenements, EL25298 is literally next door to Rum Rungle!


Bungalow Well Uranium, 40% JV with UOG, W.A.
0.47% U surface samples + 0.2% U drill samples


Blythe IOCG, 100%, Tas
There is an independent experts report that rates this as having a very high probability of containing a 100Mt - 200Mt @ 40% Fe Magnetite deposit with IOCG credits (ie Olympic Dam style)

Drilling underway


Federal Prospect Magnetite Fe, 75%, W.A.
Near MIS's large Koolankoona Magnetite project, so far rock chip samples have outlined a 2.5km x 500m strike avg 35% Fe
More work to follow



Summary
Mkt cap is still $7m, so very cheap for those U tenements in N.T.,

The Blythe project in Tas could be huge but is still spec at this stage, the Federal Iron ore project shows good promise to be another Magnetite project in the Mid West

Enjoy!
 

Attachments

  • RVR NT Uranium.jpg
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Almost another 200k through (for RVR thats huge volume excluding the last 2 days) this week as seen a heck of alot of volume for RVR which usually has very very small trades ie 10k etc

That 300k order is still sitting at 17.5c,

I wonder whats driving the price? News on N.T. U tenements would be my guess
 
Hats off to you Sam!

Great pick!!

You really amaze this whole forum!!! Keep it up!!

Hypnotic
 
Trade No. Time Price Volume Value Conditions
1 31 4:10:45 pm 22 80,000 $17,600
2 30 3:42:49 pm 22 300,000 $66,000
3 29 3:30:00 pm 23 20,000 $4,600 Crossed
4 28 3:18:41 pm 22 10,000 $2,200
5 27 3:18:41 pm 23 30,000 $6,900 Crossed
6 26 3:06:11 pm 23 37,200 $8,556
7 25 3:00:05 pm 22 53,588 $11,789
8 24 3:00:05 pm 21.5 40,000 $8,600
9 23 1:37:25 pm 20 33,100 $6,620
10 22 12:57:16 pm 22 46,412 $10,211

Total volume of 1 227 329, some more good news coming our way? The highest volume ever for RVR.

Could be a run off the back of a 30% free carried deal with the Feral Prospect.
 
No real volume on this one last couple of days but price is up a little today but interesting depth,as previous post says maybe news on the way.Another of YTs infamous picks
 
My price target of 30c has almost been reached here, annoyed that I didn't put more than $10k into this, but it is at the more Spec end of the game, and hey a profit is a profit,

Have taken profits (will be looking to take more soon)
 
Have anyone received the non-entitlements issues ?
I have got it........
The new issued will be 50% (around 22 million) of current shares available.
I think the director's are using the right time to draw money from markets.

One of the director David Zohar is actually the director or secretary for couple of company such as UOG, RVR , IRM.........
 
Aeromagnetic Survey Results - Feral Prospect announcement out now.

Thoughts anyone? Seems fairly promising to me, but I've got Iron plays badly wrong in the past.
 
namkey said:
Aeromagnetic Survey Results - Feral Prospect announcement out now.

Thoughts anyone? Seems fairly promising to me, but I've got Iron plays badly wrong in the past.
Click to expand...

Like I said, I took some profits and will take more, its still much more spec than some of the others, will wait for drilling to confirm federal,

Also like IRM I now have some reservations about the management

YOUNG_TRADER said:
My price target of 30c has almost been reached here, annoyed that I didn't put more than $10k into this, but it is at the more Spec end of the game, and hey a profit is a profit,

Have taken profits (will be looking to take more soon)
Click to expand...
 
Some one just bought 200000+ options in a trade.
I think he must be a inside trader, otherwise it is hard to imagine anyone would buy 200000+RVRO in a trade without any insider information.
 
ta2693 said:
Some one just bought 200000+ options in a trade.
I think he must be a inside trader, otherwise it is hard to imagine anyone would buy 200000+RVRO in a trade without any insider information.
Click to expand...

Looking at the chart, I believe that sp might kick to 30cents and consolidate at that level. I am not a holder of this stock and have no intention of becoming one.
 
The performance of RVR is very strong. I suspect something is on.
From the behavior of buying order. It is very likely trading by professional trader.
They try to hide their intention, but the continuous buying order push the price up and up.
 
Interesting stock/chart...

I'm holding, seems to be manipulated... I don't mind as it's consistent, and has been for quite some time.. (from the beginning!)
 
Closed at an all time high on Friday ... 37.5 cents, did hit 39.5 ....Options closed at 19.5 cents which was a pleasant surprise. Since ann about commencement of drilling at Feral Project on the 14th Sept RVR has gone up nearly 100%. GBG are 30 klms east and in a recent ann they compared the length and width of GBG's Karara Project, RVR's is potentially a lot bigger. Check out ann 12 July this year, pretty impressive if you ask me. Also their Joint Venture with IRM could contain another 2 billion tons of magnetite. Very close to CFE. If Nearology means anything this is still worth a punt. Feral Project has haematite possibilities also..DSO has also been mentioned. Talk to The Chinese has been mentioned by RVR and IRM who have similar directors and major shareholders..one would assume same chinese anyway well worth a gander at. Don't believe me DYOR it pays.
 
Not that it needs much help at the moment but I wonder if IRM's find today will help the RVR share price at all? Will it mean more available funds in the future for thier combined project?
 
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