Expecting a good run from here. Nice reversal and a larger than expected drop. Cashed up now and news coming thick and fast. Positive early results suggest further news will be very rewarding to share holders. GLA
Explains the drop to current levels. Fully funded now to really hit exploration hard. Only a small placing so expect a big upswing into imminent drills now it’s out the way. GLA
Just off the radar I think. So many positive assets and so much happening with this company is almost makes researching the company quite the task. Best way to research is to go to ROCKFIRE website and look at annual report and presentation combined with most recent RNS both from ROCKFIRE days and PML days before the name change a few weeks back.
Key for me here is the amount of stock directors hold and their track record + the funds we have in place.
Getting to levels where this is looking oversold again which is usually when the bounce begins. Didn’t expect it to go quite this low but now presenting a great opportunity to get a few of these while they are cheap. Looking forward to coming newsflow and still holding all my stock awaiting the next trigger.
You can bet there are a lot of people on the side lines waiting for any potential dips to buy. With news landing any day now I don’t suspect there will be many seasoned investors selling now as they’ll know the price action we’ve seen here has a big rise written all over it. Especially given the amount of news coming on a number of very exciting fronts+ directors holding tons of stock meaning they’ll want to get releasing some positive news as quick as possible. Expect an RNS any day now and watch this board light up again. Amazing how quick that can happen. Next target for me now given the amount of time we have consolidated here and volume we have cleared in current area is 4-5p. GLA
Those that bought into GGP at 0.40 after the rise from 0.16 might have thought they’d been spiked after a slight re-trace. Some might even have panic sold. GGP went on to to do another 400%. My point is nothing goes up in a straight line. We have waves. Peaks and troughs. If the new trough here is around 1.6p then the next peak should be between 3p to 4p. Around here we may get some profit taking to form a new trough and then a new peak after that to say 8p. All part of the game but the most important part of trading for me now is to be right and sit tight. Easier said than done but hindsight tells me if I had done this on most occasions I’d have made considerably more money by now.
If you think you’ve been spiked then I’m assuming you don’t think this will be trading at multiples of today’s SP in the near future in which case I’m assuming you haven’t properly read up on the company before making your investment not understand market mechanics. Time will tell whether you’ve been spiked or not but I personally still have every single share originally bought and I’m expecting the SP to be much higher here very soon.
Wouldn’t say it was a dire day. Just more price consolidation after a decent rise off lows. Large amounts of stock continue to be exchanged at current levels which makes for a great spring board going forward. The more allowed in at these levels wanting large gains the better going forward. I have a feeling that those selling now however are going to be kicking themselves in the very near future.
Decent volume entering at 2p. Personally going by the price action I see this going to 4p short term. The exchange of stock at these levels has been massive so plenty new investors are in looking for 100% or more gains. Excellent price consolidation and all great stuff going forward.
600k in the bank as of start of June. Low cash burn and highly concentrated on drills to add value. Recent results state we are funded until year end. BOD have skin in this to the tune of 7% of the company so will want to raise at ad higher price possible which comes later this year IMO.
On previous note. It’s worth mentioning that 162mil shares have been traded in the last 6 trading days NOT including today which is more than the total shares available to the public. That’s why I think we are primed for a good run from current levels. As plenty of news investors have joined the story and believe in the potential here and will be waiting for large gains.
Don’t forget thath over half the shares are not in public hands and are owned by the BOD/ large institutions and high net worth investors who will be holding for the larger gains and so only around 150 mil shares available to the public.
Out of interest what are people’s medium / long term targets here?
Personally I want to see 10p minimum here which gives this around a 36mil Mcap. I think we could mimick the GGP rise here with the grades we have and number of assets. GGP peaked around 60mil and arguably still has plenty of legs in it so a 10p price target could be considered conservative. Of course, we have to do more drilling etc but early signs are there for a really strong rise here medium to long term.
Once we do break 2.20 resistance it will have been with very strong volume and a high exchange of stock between buyers and sellers. It’s dream price action so for in terms of achieving a rising SP that can be maintained. The tiny Mcap and multiple projects + very active BOD and recent excellent news also helps support this!! GLA