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Morning Rockers!
How are we all?!
Almost 30 mins of trading passed this morning and there hasn’t been 1 single trade! Perhaps everyone has taken their position, meaning there is one last thing to do.....HOLD FOR GOLD! ;)
Happy Friday all
Although just seen that LSE have reported as 1 delayed trade from yesterday....
CONFUSED!
Looks like 2 x big 2 million buys went through at 8:49, above ask, at 1.1669 and 1.1668 respectively
GLA
* Hosts gold-bearing breccia
* Historical drilling includes 44m@2.4 g/t Au
* During exploration in 2017 by Rockfire, drilling intersected 22m@1.9g/t Au
* Drill hole (2019) gold mineralisation throughout 225m deep hole
Yes hence the comma. The updated JORC figures could come at any point this year and in fairness, I’m sure the board are expecting those figures to increase after this next drilling program, so makes sense to wait. Also, news on copperhead could drop at anytime...
But the point of my last post was to state that, as well as the impending news due on multiple tests, mappings and analysis, don’t forget about the new 13 hole drilling campaign (which is estimated to be completed in 2 weeks), JORC figures (which could drop at anytime over this year) and Copperhead (which could drop at anytime!)
So yes, lots of news due!
“We are fortunate to get underway with drilling at this time of the year, as the usual wet season in Northern Australia has not yet arrived and we intend to make the most of this good weather. Geological mapping, map sampling and XRF analysis of drill samples from October 2019 drilling is in progress and the company expects results from this analysis within the next few weeks. We will keep the market informed of our progress.”
Lots of news expected very soon, not forgetting the JORC update, Copperhead and the recently commenced drilling program at Plateau:
* RC drilling now in progress, with a program of 1,500m of drilling in 13 proposed drill holes
* Geophysical anomaly to be tested by drilling 2 holes, 50m& 150m respectively, east of hole BPL025
"biggest move of the day and biggest splash of the day by far"
"shares have espcaped the triangle we've had since the end of December"
"resistance at 0.8 level and we've gapped through that quite confidently"
"eod close above 1.09, the 50 day moving average, would underline the stocks intentions to make attempt at testing the stocks intentions to make a new attempt at testing the best levels of the Y2D: 2.25p"
"Should close above a rising 50 day moving average, which can be a very good buy signal when stocks dip to consolidate"
"looks like consolidation over"
"Upside could and should be on it's way"
https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-20th-january-2020/
We did know that drilling was going to commence, but we did not know when, how many holes or the detail of the campaign goals. This recent RNS has answered all of that on top of letting the marketing know that there is a huge amount of other news flow on the horizon too. This is to come in the form of further analysis, mappings, tests, etc.
If the team can gain further insight into the "Major Gold System" and/or increase the gold strikes, then that just further adds to the company's appeal. JV partners perhaps? TO? MC of only 6-7 million remember...
BPL025 is the furthest hole to the west of the site and yielded 177m @ 0.5g/t au, including:
26m @ 1.0g/t au (from 22m)
42m @ 1.0g/t au (from 95m)
7m @ 1.0g/t au (from 195m)
Interesting times very soon to come...
Quotes from DP (ROCK CEO) re. the drilling campaign that has just commenced:
"This current drill program is a very exciting one, as we are testing at depth to the east of hole BPL025, which was a very successful hole,” said David Price, chief executive of Rockfire.
“Success with this follow-up drilling will demonstrate significant extension of this deep gold mineralisation in an east-west orientation. A second aim of the current program is to expand and build greater confidence in the gold mineralisation at our near-surface JORC resource, in an effort to define an open cut resource, 80 metres from surface."
Rockfire sets the drilling rigs turning once again at Plateau, following the return of strong gold intercepts last year
https://www.proactiveinvestors.co.uk/companies/news/910987/rockfire-sets-the-drilling-rigs-turning-once-again-at-plateau-following-the-return-of-strong-gold-intercepts-last-year-910987.html
Interesting...auction on Hali at the moment. Can't get a quote to buy or sell
Agreed. Not only have the commenced another 13 hole drilling campaign, they are running a multitude of analysis, tests and sampling ....all at the same site (Plateau) that has already yielded a major gold system of gold deposits in 16 out of 16 holes.
In 2019, ROCK released 4 RNS’s in Jan and 8 in Feb. This year, there seems to be even more news to come. Starting to sound like it should be a busy first couple of months for ROCK. Good to hear the wet season didn’t last this year, allowing the diggers to get back out on out there earlier than planned.
Also, don’t forget:
* the proposed JORC update
* news could drop on our immense figures obtained from Copperhead
MM’s happy to take all of my 1.7 mill for 1.0176. No thanks Mr Market Maker, we are INVESTED in our company....
ROCK have been busy as ever. Not only are they drilling 13 more holes, at the same time they are exploring further, whilst running multiple different tests, mappings and analysis.
Drilling set to be completed in approx 2 weeks, which are similar timescales to past programs. Results shouldn’t be far behind this, but in the interim, as explained in the RNS, further updates on many other outstanding items are expected.
In 2019, ROCK released 4 RNS’s in Jan and 8 in Feb so we know DP and the company like to keep the market updated on progress
GLA
As always, a well constructive and informative RNS. Ignore the noise and hold for gold! GLA
· Reverse Circulation (RC) drilling now in progress, with a planned program of 1,500 m of drilling in 13 proposed drill holes
o Exploration at depths of around 250 m below surface
o Extension and infilling of near-surface resources (< 80 m deep)
· Geophysical anomaly to be tested by drilling two holes, 50 m and 150 m respectively, east of hole BPL025
· The drill program is expected to take approximately 15 days to complete, with gold analyses to follow the completion of drilling
· Geological mapping and rock chip sampling is also underway at Plateau
· Multi-element X-ray Florescence (XRF) analysis of drill chips from samples collected in October 2019 is nearing completion
Is that 2X £130k trades today, with one reported after hours?
Explains yesterday’s antics somewhat...
Rough: that’s like saying the land beneath the City of Manchester Stadium is useless. Quite the contrary actually....it went on, through investment, to become one of the countries finest sporting facilities, attracting billions of pounds in sponsorship (from Etihad, etc), the finest of international talent worth millions of pounds, hosting thousands of paying customers week after week. A gold mine some might say.
Investment = expenditure. Expenditure and hard work = a commodity. A commodity = more investment. Yes more investment may = more expenditure but this can, in some cases lead to The Etihad Stadium, home of Manchester City Football Club....a cash cow.
Such a shame i’m a Gooner...
Looks like a lot of trade plans were executed at 1p, a few decent buys