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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
Has now commenced.
https://www.linkedin.com/posts/dionysios-chionis-2a840928_rockfire-zinc-molaoi-activity-6998918929112805376-BozP?utm_source=share&utm_medium=member_android
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
And paid the full price
Gone through
Massive buying pressure on. Get in quickly
Get in now
Slowly moving up. Great price to buy now
Ticking up here well. Been quietly observing and holding for over a year now, think this is looking primed.
Slowly. Slowly
Very quite now
I have been occasionally observing this share for nearly two years then realized by chance yesterday there had been a very recent large drop so I decided on observation of the 5 year chart this is worth a decent punt ... Why the 5 year chart ???? ... Because this shows just when the share price seems to be going to the floor it will then totally change direction and then take back of into outer orbit ...I have absolutely no idea if history can repeat itself but if not then at the very least this should be a fairly safe level to be investing at ...Good luck to all.here whether a very long term shareholder or first day shareholder....