Member Info for coot

I thought a consolidation might help us......but it doesn't. Forget I said anything.

Silverlight kept banging on about the 0.10 nominal value and I was hoping to ease his worries.

Still hold 8.5 million shares here.

Incidentally, also hold over 1/2 million shares with David Price's mate Cameron Parry over at Tallymoney ( ex-gold mining share ). Some of you know the story.

And on top of that they've been doing all this too......

METALLURGICAL SAMPLING

The drill core from drilling by Rockfire during 2023 and 2024 has recently been sampled for collection of core for use in metallurgical test work. A total of 100 samples for a combined weight of 128.4kg of core has been collected and will be sent to Wardell Armstrong International, part of SLR Consulting for comminution and metallurgical test work. Samples collected include high grade (73.4kg), low grade (25.85kg) and waste rock (29.15kg), which will be used to complete the following components.

· Crushing Work Index (CWI) to determine the type and number of crushers which will be required to adequately crush the ore from underground for feed into the grinding circuit

· Grinding Work Index (GWI) to determine the type of grinding and power consumption to grind the ore to a size suitable for feed into the flotation circuit

· Unconfined Compressive Strength (UCS) tests to determine the strength of the rocks surrounding the ore to ensure the surrounding ground maintains a safe environment once an underground void is created from the extraction of the mineralised ore

· Point Load (PL) tests which are like UCS tests but rely on a reduced surface area of load. This measures the rock strength prior to failure and is used to ensure a safe underground working environment

· Ore sorting test work. This work is important to determine the suitability of the ore to various optical, laser and physical separation techniques prior to the grinding stage. Methods of separation may include colour, magnetism, specific gravity, particle sizing and reflectivity. The outcomes of this test work may minimise the throughput of waste material and increase the overall grade of material to be fed into the flotation circuit

· Flotation test work, which will utilise a locked (closed) system and will determine recoveries using multiple passes though the flotation circuit

· Rockfire is being advised by Wardell Armstrong, part of SLR Consulting on test work which is required for the recovery of germanium as a valuable by-product of the anticipated zinc production.

Changing the subject I have to say on re-reading the Molaoi update the grades and potential is beginning to look pretty good. The team at Rockfire haven't been idle......

Rockfire's technical team has recently completed a program of comprehensive pXRF logging of the available historical drill core at the Greek Geological Survey in Athens.

A total of 1,798 pXRF measurements were taken from the historical core. The pXRF machine does not measure germanium values.

· 154 readings exceeded 1% Zn, including 85 readings above 5% Zn. A total of 51 readings were above 10% Zn, with a peak value of 41% Zn.

· 80 readings were higher than 1% Pb, with a peak value of 13.85% Pb amongst 3 samples which exceeded 10% Pb.

· 227 readings were higher than 10ppm Ag, with 34 of those exceeding 50ppm Ag. The top readings included 10 samples above 100ppm Ag and a peak value of 2,273ppm Ag.

Actually I'm wrong. The nominal value would be adjusted too......ie. 0.10 becomes 0.40

So share price 0.33......nominal value 0.40.......we're still screwed.

If we currently have nearly 4 billion shares at 0.0825 ( MC £3.3m ) and we consolidate 4-in-1 to 1 billion shares that put the share price at 0.33 ( the MC is the same at £3.3m ). This puts us over the nominal share value of 0.10 and enables a raise ( if needed ). Any options and warrants just get adjusted accordingly.

Yes, I hold 8.5 million shares here.

Always healthy to look at the possible downsides as well as the upsides.

We would hope that we are at the bottom. The problem is that drilling takes time and, as 5085 implied earlier, it may be the end of the year before 30 in-fill holes are drilled. There is appears to be no other news on the horizon until then. This is why DP has been desperate to find some kind of income revenue into the share to prevent the rot.

I can see something like a 4-in-1 consolidation on the way, which unfortunately for us, means more downside and drift, on top of a possible placing. Rockfire could end up the equivalent of half of where we are now or lower.

We have to sit tight and dream of future riches!......lol

We have the Annual General Meeting of the Company on this Friday the 27th....

And the Annual Report 2024 filed.......

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/-EI7FOhczV0V7gLhjfxhzZ5kaiJcoW2zLdVpTXatDPM/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3HQ2NYEPO%2F20250625%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20250625T124332Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjEEgaCWV1LXdlc3QtMiJHMEUCIQDuEVk1biUykLANxdNAR0SxhZ3mY%2Fxvv80wm%2FstmYjU0QIgG86ZMfsiSja5SFJsIOOprURv1JTGarH1zFgOqfQQo0cqugUIQRAFGgw0NDkyMjkwMzI4MjIiDLZK%2B1JBvWahUQRZdiqXBY4g%2FeSP5CnwM%2BzL8YWTTJdfBVRZGEH2%2BPDq4QEGJQbR1B7v00EpfUgkVSpCy6sj4tJB7ROQdMd%2B%2FALcqJNstrl%2Bh6OnAi4J6uWzZfC2TRoYeO9dOG0%2B1KzympPnVSdXAjwnAw4bDfxNjtTy5UZ2m2QQFjplQuwV15Lt4WHyhe4kSj2dEcnNzcjoBTx3qRZJny%2Fxbfm543h%2ByZNXEu1N%2F74CUI8WUO0gDmKK9UAcRMyQKhJ1VE3to951994rcl%2BzRZ0GAOXJ%2FiUs29wTAItB4%2B4nk4XEjD6%2F6YYIQnHQ68ldBi%2FqKDFiS%2FVnRxTvlIgqmH7qExVMQZryP8rdAdU7QWtBQqEm98LqtuAnlZ2imYkoYCQw1wZQ28wppq29aNF3vHgFqj5Sc13aDn2w%2BN%2Fhf1fqrzO43gqdl2XiIb0WxHpkTWA7Wm8gt0hVUZFSaAaR0HpF4n50xRhjLUDPQy4t%2BKvvEoYrtWmPNQj9CN5O%2BpzCqDLIjdhT8y8bTLM1XvyGGP0fgaOjx50dTImRNerBZJvQsJKiKqTqnVMT%2BZwiyoh%2F8voeIicO59lDHuoc7%2FszyRcfkSVGDpyBY%2BLsmg8qNipZkLk1Vuv89cs0yBXmxbTZAXcfJ1NiaxBMlcMUmeDfvR8bQQpERt9mDkyq%2FgP7j0eYRCg7KgbhD93WrqyMdYE9DZyHSjz%2BeDiujucwRYT2h0AXZmv2Mo1yFXwcAYNCLFeT1VaMm%2B1o5WlPGt0E8SpkvYsY3ItACkhEkXCURhpa4GilPYv0EetfOOz8qVjWHpe9tLwyhk0fMO1AYhxNkkkilRznZW5%2B6xry2f2megXyFzJzfEgvGyNi1z9vrIhFqxQ37LrZUKUp7JrFwmW2MZwbSttTv39rADCl1O7CBjqxATLcyDOUS0uFx8QWwyATWjX%2F8kfoK5I2y0nQgJwUmqetHrcDhldBoz6%2Fh7mCkP1ZzaPkLJuX1jjbiGQ70JZe9bOSb%2B3Jedq7ffY%2FZtyIiPWz7JIrxixG609WqdMJ8m6durGGN3jdnEQ812WxMSl3zpEfYdRfKwygJzto%2FBQhCEQMw%2FOImq%2BkiCBsuZmHVYDCTQhlah4kszjSa31SDzCq2c4c%2FRhQ%2BHfL5UtsIpjWVD4xkA%3D%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=8c537829696a1ece44a22b14d9463122e8fc3e3fc772e9ca59a6b925ab122887

Everything is coming along just dandy! ;-)

If you're in at 0.10 Silverlight - you are not doing too bad - 20% is practically nothing - half the spread at this level.

Obviously a trader and not a long term holder, which you need to be, if you want the chance of any meaningful gain in this type of share.

Quite right Tiger.

Besides, Trump could always throw his toys out of his pram again.

Time we had some news here too!

Yes and we have the option to convert our remaining 25% stake into a 1% royalty fee. Doesn't seem a great deal to me. Maybe enough to keep the lights on at Rockfire and pay the wages but no shareholder value there.

Imagine the same JV deal for Molaoi.......I dread to think! Outright sale would be better.

Trading update.

Unaudited monthly revenue for February 2025 was £4.2 million and cash at bank as at 28 February 2025 was £101.1 million.

Onwards and upwards....

Hopefully we will see an update via a video presentation shortly. We are due one. I keep watching these to keep my hopes up! lol

https://www.youtube.com/@InvestorMeetCompany/search?query=Rockfire

Hi Markie123,

I wasn't referring to you mate.

It's the others who just pump pointless posts all the time.

Like duster says - it's embarrassing.....

My sell was...

Some cr*p posted on this board today!

I think you are all missing something......and I hope I'm wrong to be honest.

ROCK is an exploration company, as we all know, and not a miner. Like the Sunshine Lighthouse project we enter into a JV's and 'give away' say 75% of the project and convert the remaining 25% into a 1.5% royalty smelting fee. Something like this may happen to Molaoi. David Price has already hinted at this in a previous RNS, although this was before any major resource increases and any possible major outside interest.

What I think we are missing is the date ( tomorrow ) and this is what Fridays RNS is all about. We have expressed an interest but it will now be up to shareholders ( via the meeting ) whether we proceed or not. The tone from them is that we should.

https://greekreporter.com/2025/01/22/greece-invites-proposals-antimony-mining-chios/

a. A call for expressions of interest (non-binding offers) until March 10, 2025, where those fulfilling the conditions will be selected to continue to the next phase, and

b. A call for binding offers within the second quarter of 2025, for the concession of exploration and development of minerals in a section of the island’s public mineral area totalling 9.02 square kilometres.

So if we get passed tomorrow without an RNS to that effect, then I'm wrong, and we'll find out Tuesday what it's really all about.

Another thought of mine is that Rockfire is a company that wants to grow. No-one there is looking to retire in the short term. Certainly not DP as he appears to love his job too much. They look to these projects to create cash flow into the company so that they don't have to keep running to shareholders to pay their wages. Chios could be another good long-term addition to our portfolio to that effect.

That was what I was thinking Jollifant.

DP is like a used car salesman buying up 'cheap' cars to put on his showroom forecourt......can't help himself.....lol

Vagabond72

0.25 is one quarter of 1 penny not 25 pence.

What is the 4,000,000,000 referring to?

The Lessons of 1973

Repricing gold without retiring debt is a license to drive gold’s price eventually much higher and damage USD credibility further. In 1973, gold was revalued from $35 to $42.22 without retiring debt. That money merely was spent otherwise. Back then, the use of funds served as a market signal for more irresponsible spending, worsening inflation, ending in higher gold prices.

When or where has our in-house broker Allenby Capital increased fair value from 2.2p to 2.6p?

Must have missed that. Please provide a link.