Member Info for steven49

lots

believe the Approval of National Environmental Management act is due this quarter

in todays markets with finance difficult to come by at present and and production over a year away,believe 8p would give the company a value of 35 million pounds, maybe a little under valued possible, its only guess work, and probably unlikely,

also much of the demand comes from china and there is strong indications there economy is slowing and are not buying so much

Bankers say private equity could provide another source of funding as they look to pick up bargains from struggling mining projects. But Alexander Keepin, a lawyer at BLP in London, says this will be limited. There were just 12 PE deals last year in Africa worth a total of just $302m.

always a possibilities some one could come in and buy the company,possible 7-8p

not sure why you would buy red rock,big losses,appears to be no charts 4 that company,notice companys share price in decline since oct 2013,avoid,as 4 ironveld many mines are being closed in Africa,commodities prices are low,over supply,thats why I feel that this project has been delayed,just my opinion, Exploration budgets are being scaled back no matter how attractive the country,” says Mr Kohli. “And if you are developing a project . . . then you really don’t have that capital available because the public equity markets aren’t gong to give it to you, and banks are reluctant to finance you.”

Notice on a share chart web sight there predicting a low of 4.75 b4 any rise,with funding and the making of the smelter not happening to middle of year news could b sparse short term allowing further falls in share price

personally I believe the resignation of tom reed so suddenly spells not all is well in the company ,another Russian on board,stinks to me time to get out I feel,possible the share price slide of late on markets re action

lol normally im correct in my speculation but at this price il hang in,take the gamble,notice his other company taken a big hit with its share price

Possible further to fall,5p or less a distict possibilities,energy stocks suffering at moment,my feeling there could be further delays in this project

Just a bounce off the low share price,still a seller off loading stock keeping it depressed

I no small trades do affect share price when not a lot of shares in issue,appears not a great deal of buyers about considering such a low share price,

Share price diving on thin trade,my feeling is maybe further delays in this project,espesially as energy stocks are struggling at moment

maybe volume with some chucky sells and buys, but really need some share price movement upwards

Im sure many investors never thought see this price again,looking at early 2016 now,and that's if there's no more set backs,

think markets were disappointed in delay of project, plus energy stocks out of favour,project still away off,and huge funding early next year

Il try but when share price so low its difficult to remain upbeat

still affects sentiment towards the company

stay away from both