Member Info for HawaiifiveO

It has been pointed out over on the other BB that the selling yesterday could have come from Pello Capital clearing their book, it seems Red Rock has now changed broker to First Equity, if this is the case the shares could have a nice rebound.

So no financing being planned, plenty of cash, significant potential for a gold resource upgrade in Kenya with many nearby mines.

The share price is at a 12 month low.

With regard to the proposed AIM listing of the Aussie licences I noticed Bell sees ECR Minerals with their £20m m/cap as a peer, if you actually look at the location of the RRR/POW licences they are closer to the nearby producing mine than ECR.

Even if Bell lacks the ability to promote you can be assured Paul Johnson will rub his magic on the prospects, this will translate into Red Rock.

I feel the floor is in here now, it looks a half decent entry point IMO.

As usual the commentary in today's RNS concerning the JV is far more positive from Paul Johnson at Power Metals, it appears the market has missed the statement concerning extensive gold mineralisation ......

'The Joint Venture's technical team have gathered extensive evidence of gold mineralisation including several high-tenor kilometre-scale anomalies along strike and to the south of the Ballarat Gold Mine'

Yes it is interesting except the main man predicted 2021 would be a transformational year for Red Rock, it may still happen of course but the share price fall is anything but transformational so far.

The fall from 1.35p has been on very low volume however, in line with sector performance, with so much news due one suspects the floor may be either in or very close to base.

Let's see what news is forthcoming over next next month of so, the tone of the recent interviews are bullish to say the least.

There are very few shares available at a fixed price currently, a premium is being asked for anything over 250,000, with so much news expected I feel the market makers may struggle to keep the lid on the price.

Worth remembering the share price hit 9.2p on the 19th January, a lot, to the positive, has happened since then.

It sure seems a different Xtract to the old days when we waited month on end for a RNS.

Let the re-rate begin, fantastic news, new team being put in place, the old guard out.

This was 11p in January.

For what it is worth I have bought the drop, it looks too cheap, MTL are paying down debt, from $137m on 31st August last year to a net debt position of $111m now, that is pretty good given COVID issues.

Making money on AIM is hard right now, the best way to do it is to buy the dips the market makers offer up, it is only a matter of short time before the share price recovers, the stock traded at 2.5p in May.

It was a very good podcast, well presented and concise, upcoming and ongoing news-flow expected.

Interesting that as soon as the podcast was put on Twitter the market makers shut down online buying, very hard to buy right now with premiums being asked for size.

https://twitter.com/ZaksTradersCafe/status/1419614323526225922?s=20

https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-xtract-resources-bushrange-conceptual-open-pit-study-webinar-7d8cb15/

Strong chart support at £1, double bottom in place if it closes above £1 tonight.

Shorts have had their fun, it's over for them.

All over CEY and the bulletin boards - fact is, from current levels, if gold bounces hard so will CEY.

https://twitter.com/CentaminPlc/status/1418157846924079106?s=20

I have bought in, AYM was trading in a 6p to 8p range in Q1, sector sentiment then fell off the cliff but I sense some confidence is returning and late Q3 and in particular Q4 are usually bull periods.

This morning there is nothing online and a premium is being asked for just £500 of shares.

Not a bad set of results given all the predicted doom placed on the bulletin boards by short entities, looks like the floor is in, let the upside begin !

I personally believe 1p will come faster than many think, the drop from 1.2p reached on May 13th to .47p recently was on very low volume. News could drop at anytime concerning Senala in Senegal, Iangold drill results, the CEO was at pains to point out when they say a timeline (this quarter flagged) they adhere to it .

It is very hard to buy online right now, this indicates a strong move ahead in my opinion, good luck trying to get decent lines of stock from here !

jackthebear

The market is a mechanism that creates euphoria and depression, it is designed that way, it can grind you into the ground, it can also turn in a flash, often when least expected, most junior explorers are down 60% to 70% from their fairly recent highs, it looks like capitulation came a few days ago.

In the case of ORR I fully believe the bottom is in and bulls can now take charge, I have added this morning and feel confident we will see a very nice run up in the share price, I think the sector will swing to the upside, late Q3 and in particular Q4 is usually a good time.

Buy low sell high !

I fully believe the next update from Oriole (flagged for this quarter) will be a significant one for the reasons stated in my earlier post.

The share price will take care of itself in due course, the current price is a gift, already most of the cheap stock has been taken and buy limits have reduced down to a trickle this morning.

You make money on AIM by buying the lows, when blood is on the street, now is that time.

Have taken some stock today, there is decent chart support around current levels + news is still expected which I believe will re-ignite interest in Oriole.

It is worth noting that the land packages around ORR's Senala licence in Senegal continue to attract majors and corporate deals in the hundreds of millions of US Dollars.

ORR still retain one of the largest land packages and their partner Iamgold have been actively adding ground, in other words significant value is ongoing, something the market has ignored. Barrack are also active on location and Chesser Resources in the north continue to deliver bonanza grades near ORR at Fare.

The current share price, trading at 1.20p in May seems a incredible bargain/entry point therefore.