If you compare RVR's rock chip samples in an ann on 2nd July this year for Feral Project they are at least equal if not better. We started drilling there on the 14th and dead set results will be out shortly. RVR closed at 40 cents today. Who knows what will happen tomorrow but we have had a great run which should continue until results are released. Can't believe I had an order in for 250,000 IRMO's at 5 cents in August and I could have paid 5.3 cents, closed today at 36 cents...They're the breaks.
RVR - Red River Resources
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Yesterday we acquired a new substantial shareholder who also happens to be a top 20 shareholder in MIS. This to me is great news as MIS are adjacent or extremely close.. Too much interest and volume to suggest anything but positive news shortly.. Even taking into account the recent hype in Iron Ore Plays. DYOR it pays.
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The performance of RVR has been amazing over the last few months,
My only regret is that my position in the options was tiny, but that was because the company is still very speculative in nature,
Call me cautious but when it comes to these Iron Ore plays I wait for drill hits to confirm mineralisation, surface/rock chip samples just don't cut it for me
Good luck to all
My only regret is that my position in the options was tiny, but that was because the company is still very speculative in nature,
Call me cautious but when it comes to these Iron Ore plays I wait for drill hits to confirm mineralisation, surface/rock chip samples just don't cut it for me
Good luck to all
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They released there annual report last night after close, they are currently drilling and will also be drilling the JV in tassie with IRM in the close future. Thats probably why its running today.
Since I last posted RVR has hit an all time high today of a magnificent 58.5 cents. Some broker recomended it and expects results to EXCEPTIONAL. Fingers crossed they know more than the rest of us. By the volume so far today we may also have a record here too.
michael_selway
Coal & Phosphate, thats it!
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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 do you still own this stock?
thx
MS
"Red River Resources is focussed on iron ore exploration in areas of good infrastructure. The aim of the company is to quickly delineate economic iron ore deposits and bring them in to production. The main projects are:
The Feral Project in the Mid West Region of Western Australia
The Miaree Project, Karratha Area, Pilbara Region, Western Australia.
Blythe Project Area, northern Tasmania.
Wongan Hills, Mid West Region, Western Australia.
The Blythe project area also holds copper, zinc and tin prospectivity. Red River also holds the East Kirup tantalite/tin prospect, north of Greenbushes in the south west of Western Australia and can earn equity in the Bungalow Well uranium prospect in the Eastern Goldfields region of Western Australia."
Mate what worries me is the length of time taking for these results. I say this because IRM had great rock chip samples from another project 100% theirs. Since then they have secured a rig, commenced drilling and expect the first results shortly. All this has happened in such a short time compared to RVR's. As we have common directors I just wonder which one they are putting most of their energy into regardless of the results.
Got out today at 61c. pretty good gains for me..
Only sold to grab a few more of another stock going cheap, but also getting concerned results are taking so long, and they extended the drill programme without releasing to us why?
To me, 'Brokers' sprouting about great results could well be a reason to get some sales to line there own pockets? Sceptical..
Only sold to grab a few more of another stock going cheap, but also getting concerned results are taking so long, and they extended the drill programme without releasing to us why?
To me, 'Brokers' sprouting about great results could well be a reason to get some sales to line there own pockets? Sceptical..
doogie_goes_off
disbelieve if you can
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A gain is a gain whichever way you look at it, taking a profit is wise, however I will say the labs are pretty full at the moment and do take time to spit out results. It's not just RVR that are apparently slow to report.
, however I will say the labs are pretty full at the moment and do take time to spit out results. It's not just RVR that are apparently slow to report.^^ Boys, I'm all for RVR.. I bought them remember!!
I was going to hold long term...... again, decided to make this one for profit ( for now ).. Not saying I won't buy in again either - keeping a very close eye on volumes, and the rls when it comes.. .. Also hard to push into blue skies and will take a few goes to cement it's place above 60c
Feral Location is exceptional..
Pays to be cautious sometimes, that's coming from someone who trades without a stop loss of any kind!! My stop loss is my gut feeling..
I had a buy order @ 60c pre-open but retracted 20 mins before open.. Again, gut feeling..
Enjoy
I was going to hold long term...... again, decided to make this one for profit ( for now ).. Not saying I won't buy in again either - keeping a very close eye on volumes, and the rls when it comes.. .. Also hard to push into blue skies and will take a few goes to cement it's place above 60c
Feral Location is exceptional..
Pays to be cautious sometimes, that's coming from someone who trades without a stop loss of any kind!! My stop loss is my gut feeling..
I had a buy order @ 60c pre-open but retracted 20 mins before open.. Again, gut feeling..
Enjoy
^^ Boys, I'm all for RVR.. I bought them remember!!
I was going to hold long term...... again, decided to make this one for profit ( for now ).. Not saying I won't buy in again either - keeping a very close eye on volumes, and the rls when it comes.. .. Also hard to push into blue skies and will take a few goes to cement it's place above 60c
Feral Location is exceptional..
Pays to be cautious sometimes, that's coming from someone who trades without a stop loss of any kind!! My stop loss is my gut feeling..
I had a buy order @ 60c pre-open but retracted 20 mins before open.. Again, gut feeling..
Enjoy
Hi mate, do not forget to think about the amount of risk you going to take.
I offload my shares of RVR today.
michael_selway
Coal & Phosphate, thats it!
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Hi
Do you know what the mine life of this company is expected to be?
thx
MS
"Red River Resources is focussed on iron ore exploration in areas of good infrastructure. The aim of the company is to quickly delineate economic iron ore deposits and bring them in to production. The main projects are:
The Feral Project in the Mid West Region of Western Australia
The Miaree Project, Karratha Area, Pilbara Region, Western Australia.
Blythe Project Area, northern Tasmania.
Wongan Hills, Mid West Region, Western Australia.
The Blythe project area also holds copper, zinc and tin prospectivity. Red River also holds the East Kirup tantalite/tin prospect, north of Greenbushes in the south west of Western Australia and can earn equity in the Bungalow Well uranium prospect in the Eastern Goldfields region of Western Australia"
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