RE: Looks like placing shares cleared - nothing to hold this back now12 Dec 2024 11:21
Jeremy, from what I remember you were lile Nobby a LTH in rock back when I invested too. That time 0.7/8p was a good buy I sold that account for a loss, so I totally understand the pain.
However, you have to see what has changed for Rock right now? What makes it different from back in the 1p days?
This is why I wish I kept that account I would've averaged down.
I think the approach Nobby has who has been in Rock longer than me, is the right way about it. Situations, politics, demand and supply all of these things can change a share from a dog to a bull! For Rock, IMHO this has happened, so its a great, rare opportunity to enter back at these prices and reach your 1p target.
If its not gonna happen now for Rock, it probably won't again for a long time. So don't waste the opportunity by holding onto the past - because thatd be investing bases in emotion over reason and ration. We all know that's a danger in investing.
RE: There is nothing expected for quite some time to push this higher12 Dec 2024 09:17
Scarlet great to have you on board. We've bumped into each other a lot in the telegram groups and I know you have strong opinions so nice to have you on this side of the balance providing some of the positives we all clearly see.
With every AIM share the evils include: dilution and placings which is inevitable but out of the way for Rock for now. There is also China suddenly reversing their decision to ban thus reducing critical metals to an open market once again, and of course an earthquake could hit Rockfire office - the lists can be endless.
However, what we look at right now is what is definitive and certain.
It is definitive for now that China has banned the metals we have
It is definitive that the placing has been done
It is definitive that we have a top 20 global zinc mine
It is definitive that the board and ii's hold more than half of Rockfire shares
It is definitive that the Mcap right now is extremely low for our prospects
It is definitive that the 52 week high was 0.36p where Rock was in a less favourable position yet still reached that
It is definitive that Allenby Capital and other analysts have valued Rock right now at around 2p
It is definitive that Rock has not seen the same number of trades and volume past week for years
The positives IMHO outweigh the risks hence its a great investment right now.
- Total number of shares issued: 3.09billion shares
- Assets: Maloi zinc and Germanium mine in Greece
- Liabilities
- Resource - JORC Inferred Resource of 15 million tonnes @ 9.96% ZnEq. for a total of 1.5 million tonnes of zinc equivalent metal. 4.8m tonnes of non JORC certified Germanium. Open strike zones from all directions. Top 20 globally for Zinc.
- Director purchases - 55% owned by ii and directors.
- how much shares are in free float - 45%
- shorts on a company - zero shorts
- From Allenby Capital: "Rising zinc price creates a valuation disconnect' 'Fair value: Following the placing we have updated our valuation to take into account the
increased number of shares outstanding, the funds received, and the rise in the value of our peer group reflecting the higer zinc prices. As a result, we have updated our fair value to 2.2p. This is an upside of near 2000% on the current share price.'
- No more placings for a while
- More drilling news to come as Rock board focus on their gems both Zinc and Germanium
- Companies suffering from the China ban on these metalloids will need to source them from somewhere. If Rock make enough noise or a simple research done by any of their resourcing teams will land on Rockfire and Greece.
RE: I’ll wait until it drops to below 0.13p11 Dec 2024 12:49
Good luck Scarlet, that will be tough. Even after today's placing it briefly hit 13.9p and didn't stay there.
Would be great to have you on board our Rock journey.
I hope I have a chance below 0.2p to add to my holding. I think approximately 30m would be great for me which would've been 1% of Rock before the placing shares.
The road is a long bit exciting and prosperous one.
P.s. can anyone calculate the zinc in ground value and the 4.8m prospective germanium tonnes we have at Rock?
Rocks 500% JORC Zinc alone is a hidden gem11 Dec 2024 11:27
This resource itself has a phenomenal in ground value and remains open on all fronts. The Germanium which was a secondary element and a by product of their Zinc mining has now become arguably Rocks most important metalloid.
The possible growth here is astonishing.
No doubt the Rock team will now focus on Germanium and get the drill rigs out. They must be working toward a JORC resource for it which again will boost the share price.
Remember the folks at 0.27p last week, they'd give anything to enter at 0.18p! The hands of time have fortunately for us turned back.
We are now able to buy and accumulate below 0.2p before this reaches its fair value of over 1p (half of Allenby's forecast of 2.2p so I'm being very generous here).
Chances like this do not come often.
Which is why I now have a large holding here.
I dont think ill have a chance to put more when I get paid.
All IMHO and no investment advice.
I wish only good for others! And this has all the hallmarks of a very successful share.