The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
* I dont mind
I dont joining and confirming things.
Anybody up for it. Not like an Ambassador but without the Ferrera Roche
He is not allowed to say lost is copper. The original RNS reads a lot better with the “weak increase in magnetite alteration” explained as a good thing.
I have posted a pic taken on my phone of the email on my laptop so that a member here who is also a member on my chat can verify for those here.
I may allow one member from here to join my chat without proof of ownership so that future verification can be trusted going forward
Thanks, that’s helpful. You can say it’s semantics if you want, but he’s not saying weak magnetite is a good thing (as you have repeatedly asserted); he’s saying an increase in magnetite is a good thing, even though it is only a weak increase. But I agree based on his email DP sees what was found as a positive. I do, however, stand by my other point that it’s manifestly not as positive as loads of copper!
Dear Mike,
Thank you for your email. It is always good to be able to share additional clarification with your group.
Geophysical techniques, including magnetic surveys are purely a guide to what may lie beneath the surface. Clearly, they rely on remote sensing to identify any anomalies in the field being tested, as we are unable to accurately say what is there, until we drill. The magnetic survey conducted at Copperhead identified a gradual increase in magnetism at depth. This of course does not translate into "copper" and increased magnetism may be caused by many factors.
The principle points in my RNS are:
1) chalcopyrite (copper sulphate) has been intersected
2) chalcopyrite has been intersected over very large intervals
3) at 500m below surface, we are still observing chalcopyrite-bearing veins.
It is important to understand that geophysical indicators, weak or otherwise, are simply a useful guide and are never definitive. Copper, particularly in porphyry systems is often associated with alteration of the rock by magnetite. My RNS informed the market that an increase in alteration magnetite is occurring - this is a good sign.
I trust this explains the position more thoroughly. Please feel free to contact me again for further clarification if required.
Kind regards,
David
David W Price - CEO
Rockfire Resources plc
If you’re willing to copy and paste his email then of course I’d like to see it
Metal of course I can see the difference but my point is the markets did not like the word ‘weak’ specifically and didn’t particularly like Magnetite either. That was clear from the reaction yesterday. I have email confirmation from DP that weak in the context the RNS is a good thing. Now would you like to see the contents of the RNS or are you gonna just keep on insisting your view is correct
It’s not semantics, it’s accuracy, and it’s crucial.
Here is an example set of normalised magnetite readings, over increasing depth:
10, 10, 10, 10, 11, 12, 13
The above numbers are “weakly increasing”.
In contrast, if you had this:
10, 10, 10, 10, 6, 6, 6
Then you might say you had a “weak” magnetite reading at depth.
Do you really not see the difference?
Metal weak increase does say weak you are using semantics. As you have no intention joining my group I thought I would share. Do you want to know the reply from DP or do you think you
Know better?
It doesn’t say “weak”, it says “weak increase”
DP has confirmed that weak is good by email BTW but as media cannot be posted here the proof cannot be posted here
Best to arrive at this party early. The market ran a mile when MM shook the tree. All because of a single four letter word contained in the RNS. In this instance ‘weak’ is good as it indicates a transition in alteration type as the hole moves out of the Pyllic alteration zone and into the potassic we’re the bulk of the metal ore is
Hi Metal.
Your so harsh on a tortured soul. He's a leader & of his own focus group no less. He has responsibilities who can't possibly fathom... we can't handle the truth!
He has to shape it in his image. No time for market reactions that disagree with his message. Even less time for numpties that try and simply explain it in any current guise or offer any historical context. No Sir... some lead, we follow...
Dismiss them if they dare think with the magic 3 letters YKN.... that's the way to win arguments and influence people...
No time for those not on message. No matter if logic says they may just have a point. No sir this is social media. You can say things that most normal people wouldn't dream of F2F.... if your the Leader that is...
There's a few brave warriors like that to whom charisma and people skills are an irrelevant skill set when working in hyper space.
I am a 6ft 4, 15 stone ex Rugby centre. But I am a sensitive type too underneath it all, and try and always treat people decently. But as IKN.... have to accept I can never intellectually match up to the Tele club top dogs.
Know what though. I find I would rather be a numpty No Nuffing with a modicum of independent thought about my investments than a fully signed up clan member... :-)
Have a good evening, and I truely hope ROCK does move onwards and upwards. But I will only sing the party song when there is a party to attend. Not just because I am told to enjoy myself...
Cheers.
You’re a big fan of telling people they know nothing, aren’t you? Very endearing quality of yours
you lot are a joke
Jones YKN
Barbershop = twunt
IMO this share is doing a stunted version of what it's always done during my time here.....
E.G.
As a very much past trading and lifestyle share its had a bottom around 0.7-0.8p... this then grows to about 1p+ on prospective news. If the market then sees some value (always short term to date), it spikes as high as 2p odd, but usually 1.5p-ish.
Then the traders all sell and rinse n repeat. Oh, usually then a placing or two to keep the "lights on", as someone correctly said. Some 5.8 million I saw quoted in this and warrents (?), since DP took over a few years ago.... !
This time I think a few bought on the ramping to 1p odd. Many looking to follow the past no doubt and sell out when the promised great RNS came in. But that last RNS, as outlined yesterday was not of any use to spike it. So a number sold out, and so back into the 0.8p's etc.
You can argue all round that eventually when the backlogged labs - that some seem to deny - get some grades out, as to if this flys, spikes n repeats, or flops again.
But that's the possibilities I guess. If your a trader the spike will be fine and your gone. If investor you hope for at long last a commercial find.
Simple really. No amount of bb or Tele debates gonna change the above. We just wait n see, and in the meantime you buy, sell or hold as you wanna roll your dice.
Cheers.
In fairness, the only people really crapping themselves are the ones selling IMO.
Those still holding, wherever they may be, here or the Telegram group(s), continue to believe in Rockfire.
Strong buy!
Best
Rockies
Dropped below a penny, but can't see reaction of telegram group, oh no!!!
Have to imagine they're all crapping pants...
OMG if you think that you should not be investing in equity
“They deliberately don't drill deep but do their best to intimate when they do they might find the mother lode.“
Seems to me Rockfire generally find an area thats been drilled before with known mineralisation and then when assays come out pretend like its a surprise and then get a little spurt. They deliberately don't drill deep but do their best to intimate when they do they might find the mother lode. Like at plateau where phase 3 quietly never happened but they drilled a bit deeper than planned at phase 2 and seemed to maybe miss already.
Cynically this seems to keep the lights on.
Optimistically copperhead and dome have lots of copper and a jorc if they are heading there might add lots of value but are they doing enough to get there? Also if they do a havieron and actually find a mother lode missed by others at depth then thats the money shot.
Not sure i think its that likely.
I've done my research here and I am happy to hold long term. To avoid the noise that seems to have infected LSE, whilst I view Strummer as a bit pessimistic he/she is right, we aren't going to fly to the moon on the little updates and the market has noted that today, there has also been some big selling so we are where we are.
Oilmanmike may well be right in his research and assertions but there are now big question marks over his intentions by heavy ramping and trying to pull people off here into an unregulated Telegram chat.
We are where we are, all the research and information is out there and Google (not mystery people on here) are your friends. I am still confident long term and continue to hold my maximum AIM explorer amount here, high risk but high reward IF we succeed here.