Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
He is already bought and sold a few mining projects already....tells you where this is going!
why you invested in the first place...
https://www.share-talk.com/rockfire-resources-lonrock-drilling-intersects-major-gold-system-at-plateau/
Everybody is entitled to their opinions...there are some posts I do not agree with regards to the warrants and I have point my point across without trashing anyone else...lets all try to do that...
Please try to put you point across without bashing other posters.
I will do a write up later...but all this forward selling etc is not the case. They can only be sold when they hit the market. So far we have 27 million approx and 15 million hit the market yesterday and maybe some were sold into the news maybe all of them were...we do not know and will never know unless a warrant holder holds more than 3% and then they have to issue a TR1 Holding.
For this company these exercise of warrants are cash in the BANK! and low dilution..Monday they can use to move this project forward and create more shareholder value.
I also have to point out that they were not forced to exercise the warrants they chose to do so... I have spoken to warrant holders in the past and they normally sell some to cover their payment and then hold the rest.
At least we can see a plan forming from the subtle messages in each RNS... Drill more, Prove More and Get Open Pit Operations going using Neighbors to process the ORE!
But I doubt they will get that far...somebody has to come knocking based on the current set of results.
What they did with it....massive return for all share holders. Everyone is getting far too hung up on the warrant issues there are not many and they are worked through, some are even kept by warrant holders.
How much more gold can they prove up with this money...?
unfortunately we will never see what this could become as I firmly believe it will be taken out by one of their neighbors....holding for that moment....doubt it will be a long wait..
Well if that is not a hint of the year then people are going to be missing out...
once the current set of result are in and analysed...one of the other more advanced miners in the area to come knocking...surely some of them share the same service providers and professionals...I expect some news being banded about to other companies on the potential massive discovery here...but that is all my guesses nothing solid to back that up YET! Wait for the RNS's plenty to come over the next few weeks and I expect 1 or 2 of them to blow the current price away!
NM
They have an accelerator clause on the 1 p warrants if the price stays over 2p for 5 consecutive days as has been pointed out by many already.
What surprised and indeed impressed me with todays RNS is that they are exercising the warrants with out being forced to do so...they know which way this is heading, the trend is up and getting stronger daily.
Do not worry too much about the intra-day movements just profit taking and trading, once this gets moving and the remaining 11 sets of results are out....I see 5p as the first target.
I also like the fact that the money flowing from these 1p warrants once all are exercised will be north of 1.15 million more than enough to get another drilling program going! Remember they only raised 350k from the last placing to fund this current drilling program and look at the result amazing return on investment so far!
IMAGINE HOW MANY HOLES THEY ARE GOING TO DRILL WITH 3 X the MONEY...How much gold are they going to prove up?Take a position and just sit back and watch the price rise over the coming weeks.
GL ALL
OMITC
I expect some positive news on Serenity as this was the major success form the current drilling campaign. How the company leverage this success will determine the future of this company. In business sometimes you only need one success how i3e use it to move forward, well that is up to the directors now.