Member Info for coot

What on earth?

Whose wife wants to go shopping in the January sales?

Thanks Taz

Our pot of treasures under the rainbow!

Just shows how difficult the site conditions are. Look at the closeness of those olive trees!

Concurrent to the drilling and upgrade of the JORC status, a bit that appears to be overlooked from the last RNS......

"Long lead-time components of our planned pre-feasibility study have now been commissioned. A Hydrology Study and an Ecological Study have now commenced. Such long lead-time aspects of the pre-feasibility require a minimum of 12 months of baseline monitoring and measurements. Rockfire has commissioned these early to ensure a timely completion of all the studies required prior to mining."

Added to this the ever-rising metal / mineral prices, we will have three very expensive cars pulling into ROCK's car park sometime in the future, say 12-18 months time. The four car being everything else that Rockfire owns outside of Molaoi.

Most of you are looking for a 10 bagger from here ( some just want your 10-20%'s.....lol ). Me, I'm looking at Rockfire over the medium to long-term. I believe Rockfire has the ammunition to be a well known and respected explorer come miner. David Price may nearing retirement but even if he does retire the company will grow ( and he will be a consultant to it ). I can't see him ever stopping.

So what I'm saying is don't sell out too soon. I'm looking at being in Rockfire in 5 or more years time, hopefully over or nearing a 50 to 100 bagger from where we are now. It has the potential to do so.

We are expecting results from the first hole, especially to do with the Germanium content.

Perhaps we will see an RNS to that effect tomorrow? Maybe the rise on Friday had something to do with it. News like this can't be watertight.

Incidentally, our costs for lab analyst.......is this included in drill costs or is it an extra that comes out of the coffers? Anyone know?

There are no games.

The buy ( ask ) was 0.14, the sell ( bid ) was 0.135 and so the ( mid ) share price was 0.1375

You managed to get 0.1373 which is on the sell side of the mid price, just under, so it's reported ( published ) as a sell.

If you paid 0.1377, for example, it would have been reported as a buy.

Don't fret the details. It's just mechanics.

Short video on YouTube in Greek. Add subtitles and change to English ( or whatever language you need ) if you no understand the lingo.

Apologies if posted before, and it is pre-drilling campaign ( old news ), but thought I'd share as this shows our name is getting out there and the obvious importance of germanium to everyone!

https://www.youtube.com/watch?v=5kYPDg4aqSE

Not wishing to curb the excitement here but I just wanted to point out that we are INFILL drilling. This means that our slab of cheese here is going to get a few more holes INBETWEEN. All the holes that Rockfire has drilled previously......29 I think......have encountered Zinc and the associated minerals. So we pretty much can expect our current drilling to exhibit the same results. Holes not returning Zinc is somewhat unlikely given the 4% cut-off grade.

Obviously the biggest positives to the share price will be the end result ( come February or sooner ) of going from JORC inferred to JORC indicated - good news of germanium grades ( fingers crossed ) - and possible outside interest becoming evident.

No need to pump this with every drill result returned.

Yes gameplayer.

I don't think the start of drilling is going to tick us up very much. I think getting the drill results back from the lab, one by one, will see us move steadily upwards. Probably going to be a couple of months before we are sitting above 0.30 IMO.

Still time to add to holding. Not being negative.....just greedy! lol

Just shows that we need these placings if it costs 1.7 million Euros to drill 10,000m.

If we are drilling up to 30 holes, at say, 300m deep each, how long does it take to do 1 hole and how many diamond core drill sets will there be on site at any one time? Anyone familiar with this here please?

Yes, it seems odd......they give a good account of themselves online....which is why I went with them.

Must be a glitch somewhere. It's just fun money and not my main holding. I'll try a different share tomorrow.

ROCK may have been too volatile today. Thanks for replying sterling.

At the weekend I opened an ISA with Trading212 just so I could have a bit of commission free dealing fun when I am out and about.

I deposited £400 and put in an order at market price for £380 for Rockfire.

I am in absolute shock that it is still pending - apparently waiting for available stock!! What on earth is going on? I can see it has been an 'out of the ordinary' day for Rock but It's such a small order. Is Trading212 just useless? any ideas?

Or are we about to explode!!??

.....but that would be insider trading Tiger. I do hope your 'City friends' are not up to no good! ;-)

Tomshare - Thanks for your posts BTW

What do you see as the "social license hurdles" we may have?

Is it the common folk who may just want to live their lives undisturbed in a beautiful country?

"One standout project, led by Athens-based Metlen Energy & Metals, plans to produce 50 tonnes of gallium annually from local bauxite and alumina by 2027—satisfying all projected EU demand."

So does this mean that the Gallium we may have is potentially worthless if needs are met elsewhere?

Germanium, of course, will probably be our saviour.

Also, from the same article.....something I think we are all afraid of.........“The greatest challenge isn’t financing or permits—it’s the social license"

I think the Greeks, beginning to learn of the riches beneath their feet, will be asking......What's in it for me?......and probably quite rightly so.

'Get a grip'.......really?.....Try researching the companies you invest in BH.

Journey to Healthcare has a habit of post-dating blog entries. The gallium needle article is listed as published on 18 August 2025, even though it’s already visible in late July. This likely means it was scheduled ahead of time, either for SEO, editorial planning, or timed release with upcoming events.

Gallium pricing.........

As of late July 2025, the retail price of gallium is approximately $1,058.80 per kilogram. This reflects a 12.58% increase since January 2025 and a 40.09% rise compared to the start of last year.

China controls over 95% of global gallium production, making its policies a major driver of global pricing.

If the Buys are Buys & the Sells are Sells today, then I had the biggest top-up with 395.00......lol

What are all these silly little amounts we keep seeing?

Very quiet here. Something has surely got to happen soon. If we could only get the permit news we have been waiting for then I wouldn't mind it going quiet again for a few months while they get the drilling done.

Permit news should push us up to a higher base level.....around 0.20 to 0.25 I would think.

Here’s the updated capital structure of Rockfire Resources PLC as of July 2025, now including the 2 billion new shares issued in the recent £2 million placing:

Updated Share Capital Summary

Pre-Placing Shares 4.13 billion

New Shares Issued 2.00 billion (July 2025 placing)

Total Shares in Issue 6.13 billion

Options Outstanding

Total Options 57 million

Exercise Price 0.32p

Expiry 19 December 2027

Warrants Issued

Total Warrants 1 billion

Exercise Price 0.1p

Term 24 months from July 2025

Fully Diluted Share Count (if all exercised)

Issued Shares 6.13 billion

Warrants 1.00 billion

Options 0.057 billion

Total (Fully Diluted) ~7.19 billion

This gives a clear picture of Rockfire’s potential dilution and capital structure going forward.

Want to explore how this affects market cap or per-share valuation at different project NPV scenarios?

Here’s how Rockfire Resources’ capital structure and valuation stack up when we factor in the fully diluted share count and project economics:

Market Snapshot (July 2025)

Share Price 0.10p

Shares in Issue 6.13 billion

Market Cap (Current) ~£6.13 million

Fully Diluted Shares ~7.19 billion

Fully Diluted Market Cap ~£7.19 million

Project Valuation vs. Market Cap

From our earlier NPV estimate:

Estimated Project NPV: ~£500 million

Current Market Cap: ~£6.13 million

Implied Discount: ~98.8% below estimated project value

Even on a fully diluted basis, the market is valuing Rockfire at ~£7.19 million, which is still less than 1.5% of the project’s estimated NPV.

Interpretation

This suggests significant upside potential if the project advances successfully.

The market may be pricing in execution risk, funding uncertainty, or timeline delays.

If Rockfire can de-risk the project (e.g. via feasibility study, offtake agreements, or strategic partnerships), the valuation gap could narrow substantially.