Member Info for kd100

Hi Leatal.

I made a Risk/Reward post a few weeks back, which could help you understand potential prices based on technical analysis.

You mentioned 2p, but I feel it would do you some good to have some other important price levels in your head, when the time comes to sell. Sometimes, its good to secure profits before the usual AIM sell-off.

I have no doubt we will all still make profits! GLA.

Recent RNS seems to have answered your question.

Plenty of results due end of Jan 2021. With the main JORC expected towards end of Feb 2021.

I think early next year will be very exciting for ROCK!

I have made my entries into this company using previous supports, to help limit risk. I expressed this in my own post, did you miss that?

Literally listen to any iconic investor, Warren Buffet, Bejamin Graham or Howard Marks to name a few, and they will tell you the main rule of investing is limiting risk.

If you "invest" by placing "bets" then be my guest, I for one, will not be engaging in such outrageous methods.

Thank you.

Starting to build a small position in ROCK at this level.

05/11 RNS confirms we have found high grade gold in the Plateau, I think we were due a rise there but due to institutional selling we fell.

The selling has stopped and we hovered around 0.83 until gold prices began to sink, and we soon followed and now hover around 0.75.

In terms of Risk/Reward :

Worst Case : We sink all the way back down to March lows (0.46p), and rise with momentum and results to previous resistance 1p. Even at this level (0.74) the risk/reward is a ratio of 1.17.

Mid Case: It is unlikely we fall to March lows, and so if we do continue falling...we will meet our old support of 0.64p. Again, assuming we simply re-rate back to 1p, our risk/reward ratio is 3.61.

Best Case: We hover at this level, sentiment returns and we re-rate straight back to old support of 1p. We have seen this occur twice in the past 3 months. R/R ratio: approx. 8

Important upside levels for a positive result:

1p-1.15p - This resistance always gets tested on positive results. In recent times, these levels acted as support so will likely get tested as we move up.

1.35p - Resistance as of Jan 2020, Oct 2020

1.95p - Resistance as of July 2018, Nov 2019 and July 2020.

My next buy level will be around 0.65p, but I'm not sure it will go that low. The upside is very high for this company, and that is just in regards with the previous levels. Who knows... maybe DP has a surprise in for us :)

Hopefully we get updates ahead of Christmas.

DYOR and GLA

Hi all, I've been following ROCK for a while after selling back in Jan.

The RNS on 05/11 looked very good and DP is generally quite transparent on future results.

Is this recent drop a direct result of a Spreadex reducing its holding? Or am I wildly over-estimating this recent drilling result?

Good news here. Expect further news flow soon aswell.

10% rise since the news came out.

But as stated by others, give investors time to digest + reports + small mcap in AIM market we will likely see a larger rise.

TRP has been affected by both the virus and oil disgareements. Have other mid/long term investors revised their targets?

I personally saw this hitting 1p once the farm-out deal is announced. As of now, we seem to be well far off it.

This stock remains severely undervalued until the revenue figures from the Shopify deal gets announced. This company is not shy to major deals, just look at their sp history. Will be holding till we get back to the years high.

Are back in and excited for Rock. We all know what happened last time...

Only been in the share for a couple months now, but from what I've learned from others is that Asher is a very competent CEO. Not to mention that he owns a large portion of shares in the company.

Using the above as an example, I feel confident Asher will be able to get a good farm out deal before the proposed June date. Fundamentals will remain the same within the next 3 months in the lead up for the farm out RNS. Therefore I do not see this falling below 0.4 as some others has stated.

What do others think?

This was the news we were looking for, no? 7am RNS sees this rise.

Or am I massively misunderstood.

Rockfire like to release large numbers of little news over a short period of time. They've said "a number of weeks" for the results to come back so I would say max it takes for it to come back is mid-March.

Strong hold if you're in.

Technicals suggest otherwise.

We know a RNS is coming this month, wasn't there talk it was towards the later end of Feb though?

Good effort on deramping 801, but this is staying blue ;)

news will make this rise nicely. don't quite think people understand the importance of the KAT rise...

Next bounce at 0.38 to hit 0.47 soon today imo. Here’s to hoping! :)

801 you got what you wanted, why are you still here?

Elenor you’re known for deramping on multiple LSE forums...