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Investors shafted,did warn you ,and this won't be the last
Lets hope so
V unlikely rock wil; go bust it’s possible they can mothball projects as to raise at this derisory level would be plain silly.
War sucks and there will be a drawn out f up, then I expect the powers to draw up another Marshall Plan and add green energy to it, as they won't want to rely on Putin's oil and gas. I'll let others speculate on how we ended up in this global rout, but I think that the EU will want to buy up metals to get to a clean energy situation sooner now. So yesterday's news was frustrating, but I hope that the management are tightening their belt, and seeking jvs, and I eventually expect consolidation in a lot of sectors.
There is no DD that can inform a decision to buy ,sell or hold a share like Rock ,as with so many other similar minnows where the indications are that they MAY have a commercial resource in the ground(and qualified of course by resource prices not falling off a cliff in a global depression....in which case it will be so traumatic that were all stuffed both those with cash and other assets and those without ie total meltdown )
At the moment the prevailing winds would favour the view that potential resource is virtually meaningless if there's going to be a major global credit squeeze as the likes of Rock will never raise funds to even put that first spade in the ground even if resources (which maybe nobody will want anyway in a global depression) are off the scale.Chances are it will be mothballed ,stay in the ground,Rock go bust and then someone else has another go in the next economic cycle upturn.
Hence the current sp.
Its just a question of whether you think the current sp is worth the long shot that all will be well in the world and funding/appetite will exist for these resources.
Think of Rock being say a 5/1 shot in the halycion days of pre 2008 for junior explorers when even the most modest RNS of a possible resource upgrade would increase a company's sp by 50%(alas long since gone for now.) Currently however say its a 25/1 shot but the current sp is letting you bet on it as a 60/1 shot.Would you? Sheer mathematics /value betting would say yes every time but gut instinct?
I have just got back from an investor meet and greet held in London. Another Aim mining share that I’m invested in. So many on that chat constantly posting negatively. Critical of others, quite scary predictions and trying to create fear when investors are heavily down. SP down 80.77% from highs - like so many mining shares. It’s much worse than this chat in terms of negative posting but then it has hundreds of posts a day so it’s all relative
We’ve got some great researchers there as well that were there tonight and it was good to be able to thank them personally for giving up their time and sharing their research
But not one of those posters who post so negatively were there tonight to question the CEO about what they relentlessly post about on the boards.
Me, I’m still down in my investment, still not happy with SP but had some questions answered and very glad I went. Prepared to sit it out and wait for better times - just like I am with my investment here.
Now that is a great post right there...respect to you Waterdrinker, although I do feel a bit like I've been told off by my headmaster :)
A very good synopsis from you though, with no outrageous ramping in any way...all believable facts that any newbie can read, digest, and make up their own minds from.
I have to also agree that the spat between myself and OMM has become slightly tiresome, and way too personal at times, so I am happy to call a truce...and retire from our long drawn out battle as the winner by a short head :)
Joking aside for a sec...in all honesty, and whatever anyone believes or not, I only ever started posting here out of annoyance as a result of my friend being enticed into investing a massive amount of money in Rockfire (and then unfortunately losing half of it)...
I know it's so easy to say that my friend should have done their own DD before investing, and nobody forced them to buy or sell at a big loss...
Yes, but on the flip side, it is so easy for newbie investors to be drawn in by the bright lights and instant road to riches (and OMM was definitely promising that and a lot more back then).
There's no doubt in my mind that as a result of this incessant ramping that there are now many other investors who also fell into the same no-brainer ramp trap as my friend did, and invested sums way above their means.
By the way, if you read back through my post history, I have brought up many valid points and reasoning why not to invest in Rockfire, and mostly backed up by facts freely available in RNS's and other company reports...so it's not all been about gut instinct.
Anyway, each to their own...hopefully you good folk will miss my charm and banter :)
Peace out.
WSG.
AIM is a market of risk and reward. Betting on a company to strike gold is a gamble. Investing in a company that has a commercial prospect with metal in the ground is entirely different. The price will turn at some point. My own prediction of price is just that but I'm confident what the future will bring. Watch and learn. I'm only annoyed by your constant battle and personal vendetta against omm. Whoever you both might be I suggest you just agree to disagree. Imo what omm posts is relevant to this share and is his opinion but at least he is using factual information. You keep referring to gut feel with you now admiting that you don't know how to value a company such as rock. I've done some fag packet calculations myself and the potential turn around here is a big win. Nothing is a given but I like the odds here based on facts and I think I'm on a horse that is about to show some form this year. The numbers don't lie. Molaoi zinc,lead,silver and germanium looks incredibly tasty. Gold is a banker and the copper still to be decided. I am fully expecting you to come back here and apologise for anyone that has been influenced by you to sell based on gut feel. Give me some real facts and I will research them.
Admittedly, company valuations is not my forte @Waterdrinker, and I have always been upfront in that regard.
However, when outrageous figures/estimates/SP targets are bandied about in here and elsewhere by certain individuals, then it is obvious to me that they have an ulterior motive for doing so?
"Beware of false prophets, which come to you in sheep's clothing, but inwardly they are ravening wolves"
In Rockfire's case it is obvious to me that something just ain't right, and that goes much deeper than just looking at project potential/metal still in the ground/company yearly accounts/spreadsheets etc.
And unless you hadn't noticed, playing the AIM junior miner game is tantamount to having a flutter down the local bookie...you may think that dumping cash into Rockfire is an 'investment', when in fact it is no different to having a punt on the 2:45 at Newmarket!
Good luck whichever of the above you choose...
WSG
WSG it sounds to me from your admission of knowing nothing that you would be better suited to giving advice to people going in to thier local bookie!
Got to give you credit OMM for your total commitment to this share, but all of these figures that you're spouting are pure hearsay until they actually happen, don't you agree?
In a perfect world all of the Rockfire projects would deliver on their potential, but up to now the market has not been impressed...
Whether that be the grades at Copperhead, the gold at Plateau, or even this shiny new Greek zinc project...
Absolutely nothing has captured the attention of the market, and that tells me that something is amiss.
I go more by my gut instinct and general sentiment rather than 'potential' figures plucked out of thin air OMM.
Therefore, asking me to post my calculations/valuation on a junior miner is a bit like asking Kwasi Kwarteng to manage the UK economy...i.e. we both haven't got a clue :)
I will stick to my property portfolio thanks bud...
Whatever anyone thinks, I do hope that Rockfire comes good for you all, and if it does then I will be the first one to come on here and admit that I was wrong.
Of course, if the worst happens and Rockfire does go ti*s up as I predict, then I would expect you to come on here and do the same thing OMM?
All the best folks...
WSG
In April 2021 the results from a scoping study indicated a positive cash flow of between £3.7m and £8.8m.
Next thing on the list is shallow RC drilling to increase the gold resource prior to discussions with the neighbouring gold mines re processing
How do you arrive at your 0.2p valuation then WSG.
I and I am sure other holders would be interested to hear at you arrive at such a low number.
I said 1.5p for the gold more on Shallow RC drilling sucess.
Peter DuPont at Allenby Capital has 1.7p I believe.
Zinc is worth 3p as it stands now at 250,000 tons JORC resource.
Would go a long way to restoring confidence here
I think OMM meant a 0.2p safety net by the looks of things!
WSG
Just wondering when this is kicking in OMM
Really sorry for anyone still invested in Rockfire.
Also sorry for the ones who've taken that horrible gut wrenching decision to sell up at a loss...
I empathize with you all, and if I was in the same boat then I would have made the same decision to sell up whilst there is still some semblance of an SP to at least get something back.
0.26p now and it's capitulating on a daily basis...absolute sh*t show.
Even OMM can't defend this share now, or defend his very poor stock picking ability either.
He's cost many gullible newbie investors (and more seasoned ones too) life changing sums of money by 'enticing' them to go all in on Rockfire.
A grovelling apology to everyone involved in this debacle is the least he should offer now?
Stay safe all, and best of luck with everything.
WSG.
It's just a matter of time ,they don't have the funds to start production,they seem to be drilling holes everywhere,my guess is they are looking for someone to buy them out
We'll we've been waiting over 2 weeks for your imminent RNS Rhodi, and the SP just keeps on trickling downwards.
Not sure whether to average down now or wait to see if there's gonna be a fund raise.
I may not know who you are or any of your personal details However it is plain to see from your behaviour on this board what you are and exactly what your game is.
.
When you went to the states and visited the Conroy is drill site on the way back was the give away you FF.
Oh and the constant references to gourmet dishes served up in posh establishments..
Everyone on here can see what you are about as you saw yesterday-
Te bc
M
@OMM,
Please don't get me started on moral principles pal, when you're the one who's sent your loyal members up the sh*t creek without a paddle by shilling them the Rockfire dream.
The SP is already in the twenties (as I predicted) with punters bailing on a daily basis whilst they still can, as can be seen by the recent big sell-off.
It will be forever on your conscience OMM when this eventually goes belly up costing your crew hundreds of thousands of pounds into the bargain...
Then again, I doubt very much if your massive ego will allow you to even consider what emotional/financial devastation your actions have already, and will continue to cause to anyone who was taken in by your ex-professional city trading BS propaganda...
And you've got the nerve to try and disrespect me in here when you know absolutely nothing about me!
And I mean that sincerely OMM...you know diddly squat about me as can be seen by your obsession with thinking that I'm some bloke called Kevin Horsby, amongst others!
You've lost the plot so it's time to hang up your boots pal, and toddle off to that paradise island that you shilled to all of your victims as part of the 'no-brainer dream'...your reputation is in tatters, nobody believes in you anymore, finished, end of.
Best of luck to anyone else still marooned in the Rockfire debacle...
WSG.
A high ranking ex naval officer would never stoop to the levels you have in this chat board. Fact.
Therefore you are a liar and we cannot believe a single
word you say. End of.
Course not. It has to hit 5p before it then explodes in a shower of gold and valuable mobile phone metals.
See you in the twenties!