Not sure my post came through. Cash position is £630k as of start of June. Low cash burn. No obscene wages. Directors have a lot of skin in this so will be wanting to raise at as higher price possible. Last results stated ROCK was funded until year end so no immediate need to raise.
£630k as of start of JUNE. Not a huge cash burn. No obscene salaries. Last results stated ROCK is funded until year end. BOD have a lot of skin in game so they’ll be wanting to raise at as higher price as possible.
Still the same PML? It’s compmetey different to older PML. New BOD, New assets, new investors, New name, clear strategy. Don’t like when people post on
Boards trying to mislead or having done very little research.
To put into perspective of how good grades are. 1% is usually economically viable to extract from surface. We have 29% CU. Gotta be some of the best early signs for a junior explorer ive ever seen. Without even mentioning GOLD finds so far! (30g/t)
Best thing about ROCK is the amount of stock in sticky hands. Over 50% owned by directors, institutions and seasoned investors all seeing the bigger picture. 300mil shares in issue meaning around 150mil shares available to trade so will move fast once heard arrive.
Would be nice to break 2p today and stay above it. Then we can target 3p next week. SP is just getting back to levels it should already be at had there not been a seller. Further news (plenty of it) should propel the SP to make serious gains later on. Position taking for now.
Spot on. I sold early on GGP. Took around 400%. Could have taken 2000%. Not making same mistake. Around 70% up so far which is peanuts.
Well done Troajan, all the best.
Dips getting bought. It’s a popcorn out and wait for real gains over coming weeks kinda share. Doesn’t take a genius to work out what this stock could do. Just a smidgen of research. Type in ROCKFIRE resources website for all old RNS’s from when company was called PML.
GGP may or may not beat us to 2p but who wins the race to 10p ;)
Need to remember GGP is at a different part of the life cycle. It’s mcap however is around £50mil. Ours is around £5mil and early results suggest we have assets with potential to be as good if not better than GGP. Much greater potential for gains here IMO. Not to take anything away from GGP which is a fantastic company that I was in when Mcap was around 4mil.
Moving well. Still below recent placing price however so very early days. 1.5p was placing price and big players took a lot of stock at those levels. They’ll be wanting big returns which I think they’ll get judging by the quality of results here so far.
No idea but it does explain the constant selling into good news. Seen this time and time again. Big companies selling out just before a key period for a company. All it means to me is that these rock bottom prices have been provided by the seller and now the seller is gone the SP is free to move as more positive news gets released.
The best way to find out about this stock is to go to Rockfire resources website and look at previous RNS's. Grab samples returned grades as high as 1oz per tonne of gold. I will paste a bit more information later when I have some time but we are talking mind boggling potential here.