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The company does not need cash IMO.
There is no need and no point to raise any funds down here. Change the flippin record
my mistake I used a figure I had earmarked for drilling having set aside some for general working capital and "the Portal"
A second book for overseas investors to buy and sell is being built. JRS should then be able to sell to the Chinese and recover 50% odd of the true value. This is 300p to 350p IMO
Wrong riong wrong
We have !0.8m cash
Ia am wondering if the change to emerging European markets including Russia might not be a stepping stone to unlocking the 95% of value currently stranded in Russia.
For example those shares we hold in either ADR or possibly even directly, which are also listed on the Kazak market, could be ‘swapped’ for stock listed on a different market and then sold and reinvested in emerging European markets. 50 to 60% of true value could be achieved in this way.
I supposed to make back some of the outstanding loses we could always buy some Ukrainian stocks
Copper and Zinc prices are getting back on track after the froth was taken out of the market these last 2!months or so.
Reality is both metals a in tight supply and the world cannot transform to green energy alternatives without them. These metals have suffered chronic underinvestment problems n recent years and it is highly likely the world will run out of copper for a year or two
Pauly I have held the shares before so am not truly a newbie but I have been buying from about .075 on the basis that the slightest bit of news re Ghana or Bolivia and the sp will double or triple.
It is called speculative and I see nothing wrong with this approach to this and similar situations.
I do not dismiss the 90% loses folks may be sitting on here but view them as an actual reason to buy, but as I said before I know the company reasonably well
If you genuinely believe that you should not be in the AIM playground
See what you mean, the MM o got the decimal place out by a factor of 10.
Incorrect guess spotty. I am building a position here slowly SINCE the duster. First bit of decent news here and it will be over a penny easily. The 0.75p is my ST technical target.
To all the Naysayers on the tweet re new Lithium law, if the poster had claimed DH was over there recently to advise the President on what is required for investment from external companies, then your comments would be justified, but all the tweet implies is that the Bolivians are getting on with something they should have done 3 years ago. Bolivia is by far the biggest Lithium player in terms of reserves. However it has no commercial high grade Li production. This all adds up to a tremendous opportunity IMO.
Have a good day
Gold or Zinc drilling imo
I am afraid to say you will be sorely disappointed as the sp is about to move back above 0.75p soon.
IMO
Avoid Anthony Eastman at all costs
Nutter
And back down again!!
Zinc up over 3%
Copper up over 4.5%
In April 2032 the results from a scoping study indicated a positive cash flow of between £3.7m and £8.8m.
Next thing on the list is shallow RC drilling to increase the gold resource prior to discussions with the neighbouring gold mines re processing
Agree let’s all move forward together.
So what have we on store over the next six months.
1) infill drilling at Molaoi Zinc asset targeting 400,000t plus of high grade Zn Eq.
2) shallow RC drilling for more near surface gold at plateau. This should enable us to move forward with a proposed shallow open pit mine, scoping was completed in April 2021.
3) two 500m holes into the Copper-Gold Porphyry targets down at CopperDome.
All of the above has been confirmed or previously announced by the company.
Rockfire’s portfolio of JORC metals is as follows.
120,000t Cu Eq
250,000t Zn Eq
208,000oz Au
Market value of the ‘in ground’ metals at current reduced prices is £1.63 billion compared with a £4.5m market cap.
Time will tell here, patience will be well rewarded and IMO there is not too much longer to wait.
We can discuss the ‘golden safety net’ next
I am smashing nothing up, I am a big holder of Rockfire
I am playing a defensive role, however I agree let the drill bit do the talking