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They are certainly in 'communication mode' ! Fresh drill results confirming historical ones key.....
Further derisk the zinc imo
Listen...it's simple... the Cu plays are not quite on the money.... but the Zinc clearly has all the attributes for going into production... just neeeds some new confirmatory intercepts and a nice Zinc price.
The latter looks very likely. Drills are go...
The gold is still there and if gold re-rates then it will become more and more tenable. The SP is on it's knees. BUT if you enter now and they get the Zinc going then there is a new game afoot. ATB BH
Truth is we both want ROCK to do something worthwhile, and the dire SP track record to reverse, agreed.
But personally I find it rather strange that the two Cu prospects that were so heavily plugged by many Am Geo types (as well as the management here). Has come to so little in the last 2 years..... Nevermind the original Au find.
The Cu grades were very poor, the then lower drilling touted pretty much ignored, and the second prospect not seeming worth following up despite Cu being a likely big selling point?
Again, & when some of us commented on the above we were shouted down. No no, the low grades are fine if on enough volume and Open Pit.... Then a change of tack to..... Actually the far deeper layers will be the main ore body.... But no we aren't drilling there to prove it.... We are off to Greece for a new opportunity..... Emmmmm...
The whole thing to many of us non experts smacks of Obfuscation frankly....
To develope a mine like the one discussed coincidentally on RMM takes what.... 8-10 years. So the money here has to be in pricing up something and selling it most likely I would have thought.
Wandering off and leaving the Cu prospects for a new Zn play maybe a stroke of genius.... But most of us, plus Mr Market don't quite see it as yet.....
Let's hope your optimism is warranted. But hopefully you have also learned a bit of a lesson here..... Making, sure fire imminent incoming SP predictions only gets peoples backs up!
I am happy with the operational progress Rock have made over the last 12 months, yes. The share price performance has been very disappointing for a number of reasons.
Still we are where we are, alongside many other investors in the micro cap exploration sector. I do not know RMM very well but I can see they need cash. The sector has been starved of capital for many many years but imo is starting to turn with the improving demand for metal, particularly ‘forward looking’ ones. Yes we will get our money back together with a healthy profit.
I wish you well with RMM and your other investments in this space. It is a question of how long and how much as far as I am concerned and at that point we have to disagree.
Been vocal in my praise for the RMM CEOs ability to turn round the mining aspects there, and further uncover the 2% Cu grade etc.
Been equally balanced I hope, in my distaste for the way he has miss lead the investors there on his appalling financial management, that's been recently uncovered.
A stunning inability to make the most of the super strong resource by hedging at the right point, and even worse not managing cash flow remotely ... All that's been acknowledged by many of us invested there tbf.
Not sure then how that's remotely relevant to the crushing lack of progress (and SP decimation) here in the last 4 years....
Or are you happy with how it's all gone.... ?
Although having read the SP Angel note on RMM the 168p on I can understand your dislike of brokers notes.
And so the same thing applies to ROCK as it does to RMM
Those living in glass houses should learn not to throw stones.
"try harder next time boy".....
Hillarious,: coming from the man who led the ramptastic valuations imminently incoming for a couple of years now. None of which (quite the reverse) anywhere near....
This one has been a lifestyle share for DP for far longer than any upcoming recession mate....
Been invested here now quite long enough to see his butterfly approach to the various prospects. You can't be caught out if lighting your feet is his mantra clearly.
Oh and btw, how's your 3p coming next prediction on the back of the now seeming forgotten Cu "prospects".....
No lectures from you needed my friend!
Since the recession of 1991 the ave house price has increased over 400% , from £50,000 to £270,000+ and so
If the professional who did the valuation had have bought it they would have made a nice return.
The real problem with your analogy is that it is the lack of buyers during recessions which leads to low prices not the lack of value. As prices drop as long as nothing has changed value has to increase. It is a very basic premise of investment .
‘Try harder next time that boy’
These "broker valuations" always make one smile.
Reminds me of quite a well known newspaper cartoon that did the rounds during the last few recessions.... Viz....
A rather irate man, standing in front of his house next to a For Sale sign that's covered in cobwebs....
Caption read:
"Perhaps the professional who valued my house, would like to come and buy it !".....
Gallows humour seems all that's left the way this share has been managed for the last 4 years tbh.
Allenby Capital website
26 page brokers note.
*************c/1586587421/85988
About time…. Long overdue….
interesting with the drill bit as well...
beginning to show.
Drilling commenced? They'll have the begging bowl out again soon!!
Thanks for the link
Price of Zinc has risen 300 points in last 5 days
i must have had my head well stuck up my a hole when i bought into this dog of a share
Interesting to see the photos
Rockfire Resources plc (LON: ROCK), the base metal and critical mineral exploration company, is pleased to announce that good progress is being made on multiple fronts at the Company's 100%-owned Molaoi zinc deposit in Greece ("Molaoi").
Highlights
· The Board is delighted to announce that the concrete entrance to the old underground portal and decline has now been exposed by excavation. A photograph of the mine entrance is provided via the link below.
· Mapping has located numerous old workings along the strike of the zinc mineralisation and substantial shafts greater than 30m deep have been located.
· Rock sampling remains in progress, with the first 28 samples submitted to the laboratory for analysis. These samples are from the spoils around the collars of old shafts and results will provide an indication of the grade of material extracted during historical mining. The market will be kept informed once these results are obtained.
· All landowners in the resource area have been identified and initial consultations have been completed. An access agreement has been finalised and signed with the landowners for the initial drilling programme. To date, the Directors believe the Company has a good relationship with the local community and Rockfire intends to continue to work very closely with the local community.
· A lease over a 10Ha parcel of land on top of the Molaoi resource has been transferred to the Company from the Greek State. This 30-year lease will allow for unrestricted access to the portal site and the Directors believe this land may also prove suitable for hosting future infrastructure.
· A contract has been signed with one of the landowners to lease an area of land suitable for a core processing yard. This land includes a 2-bedroom house which will be used as a site office and equipment storage facility. The core yard is being prepared ready for the commencement of drilling.
· Gordon Hart and David Price have both been appointed to the board of directors of Rockfire's Greek subsidiary company, Hellenic Minerals SA. This provides representation on the board following the acquisition of 100% of the shares of Hellenic by Rockfire.
A photograph showing the excavated old mine entrance can be viewed by following the link provided here.
http://www.rns-pdf.londonstockexchange.com/rns/0476F_1-2022-11-2.pdf
Great update this morning / maybe market wake up now
Huge disconnect between company's assets and valuation. Funding done and ready to go
Followed by 3 million