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Hi guys,
I just wanted to reinforce and remind anyone who's in doubt, that ROCK has already proved its STRONG fundamentals so it doesn't need to prove that again. What we have a challenge with at the moment is the sentiment, which is partly human nature, but also part of the nature of day trading too; where investments are meant to provide almost instant profits!
Take a look at the amazing sample that the Rock team on the ground have provided us in the RNS, the gold can already be seen on the rocks!! Sulphides if anyone has researched are one of the key signs of gold mineralisation. It doesnt look like Pyrite either which is sometimes known as 'fools gold' because it gives the impression of gold. It also doesn't have a glass/crystal shiny texture known with Pyrite ore. It looks very positive indeed!
The sentiment, from experience, is more likely to come back with companies that have strong fundamentals, because part of sentiment is not just about making profit, but managing risk. People want to remove fear related to their investments and ROCK is one company that can do that.
Rock is in a very strong position as reiterated by others here; £1.5million to further our drilling and exploration, they've hit gold continuously (not one off) with good to high grades each time, they got a great board, and an executive who is very passionate as per interviews.
I have topped up on the lows, and I think these prices are only seen as opportunities in my eyes and should be in yours too.
Homework:
1. Download the sulphide ore samples picture provided in the RNS
2. Google sulphide mineralisation and gold , compare the rocks/ores with what you find.
3. Enjoy the results of your findings.
We're expecting results soon!!
GLA
Alright guys, here goes.
I’ve received dozens of responses and I can’t reply to all, but I understand the general sentiment; it’s natural, but only for those who’s vision is as far as their bedroom wall unfortunately.
Instead of responding to each of you, I’ll share this.
I’ve been examining SOLG from inception and it’s 1p levels - to its infamous 40p rise.
I looked into only a couple of months, the SP and RNS etc.
Here are one of their drill results in 2015 which they said was world class (lol... world class, oh god someone pass me the bucket please. Reading it makes me wanna kiss the CEO of Rock cos he’s gonna make us rich!!).
SOLG RNS before the mega rise:
//Hole 17 is being drilled from the same pad as Hole 16, and is targeting upper extensions of strong copper and gold mineralisation intersected in Holes 5 and 12, both of which returned world class intersections, including:
· Hole 5: 1306m @ 0.62 % Cu and 0.54 g/t Au from 24m, including
552m @ 1.03m % Cu and 1.05 g/t Au from 778m.
· Hole 12: 1312m @ 0.67 % Cu and 0.63 g/t Au from 128m, including
576m @ 1.03m % Cu and 1.19 g/t Au from 844m.
Hole 17 is currently drilling at a depth of 729.2m in increasingly visible mineralisation, as the hole progresses towards the main target zone expected from around 600m to 1150m depth. Hole 17 has a planned depth of 1300m./ end.
For him at SOLG, these results ranging from 0.54 to 1.19 au g/t is world class.
What on mighty earth does that make Rocks drill results at much less depth and strike zone?!
Someone slap me with a wet kipper.
On top of this, we have many, many more potential sites to drill!
Rock SP decline versus SOLG.
On SOLG, please refer to chart history at December 16th 2015 where the SP was like 1p. WITHIN the same month, check December 29th/31st it hit 2.2p.
Then wait for it...
...it dropped back to 1.5/6p probably due to upset day traders in mid Jan (couple of weeks later) even with their RNS’s.
And thereafter a short while, we all know what happened, it was double digit history for them.
Their shareholders (of which many had sold when they too saw a sharp rise and then sharp drop, like some of you did or are feeling to here at ROCK ).
It didn’t however, shake or phase the LTH’s nor the board as they continued to climb until it reached heights one can only dream of.
The fluctuations from 1p to 2p then back down, is a normal occurrence. Check any SP, I’ve never ever seen a sustained rise from beginning to end, or every Tom, Dick and Harry would’ve jumped on it.
In conclusion,
Our results are much, much better than SOLG yet they received proposals, JV and third party interests!
We’ve topped the leader board many times, tweets and RNS’ have been sent out, we’ve outweighed in buy to sells even on today’s red day, 300+ trades for momentum, as well as continuous discussion by ourselves and others.
Compare our results in the last RNS to the one I posted from SOL
I can tell you, being down underwater; staring at a paper loss is not a nice thing for all. But if your vision is as a LTH who sees major upside (which is evidential and not subjective) then all those who have been in AIM for a long time would know how quickly things can change!
For day traders this SP movement is of course a disaster, but for LTH this isn't anything of concern.
The results are there, the funds for further drills from the warrants are there, and MOST IMPORTANTLY the opportunity at these LEVELS to average or acquire more shares, is a 'gold mine'.
It won't stay at these levels for long. Might sound odd, but I hope it recedes a little further so it lands perfectly for my next pay cheque! Cos it's going straight in!
Lth's dont sell at an unnecessary loss that you'll regret, see this as a pit stop to refuel whilst the warrants dry up, and back on the track we will go!
The SP does not always reflect the company at a given time. We know this because there are dozens of factors, MM's, buys and sells by PI's, sentiment, and in this case warrants.
Just look at momentum, number of trades, the bought vs sold and its midday!
Just look at the elephant in the room the fundamentals; every recent RNS gold was struck, further drill results looming, beautiful entry opportunities, solid exposure with 1000+ trades on first RNS. People are aware this share exists and progressed immensely.
Just hold for gold, and wait for the light at the end of the tunnel.
All imho.
GLA
I didn't want to say "I told you so..." to a certain couple here.
(...but I told you so.)
With news, this SP surges no doubt. And when there isnt news, it consolidates.
It's a sign of one solid, solid share guys.
The train won't stop for everyone though. Those who had a chance at 1.7-8 are again reeling from today's news.
I say, get in whilst you can, because by the time you wait for a 'perfect entry' more positive news will come, and it'll leave you on the fence.
GLA
When rock hit 1.55p and dropped to around 1.1-2p people were convinced it was over overbought and 1.55 was a bad entry, then it surged with news to 2.15p, and those who didnt enter at 1.55p thinking it was a bad entry, were kicking themselves.
The same is happening here at 1.7-8p.
When results arrive for the rest of the drill holes, they'll be screaming for not entering now at 1.7-8p.
If anyone believes the daily SP is the true reflection of a company, they're either lying or deramping for a better entry.
If anyone believes, that a Share must rise every single day for every single week of the year, they're naive at best and probably shouldnt be in AIM. Besides, everyone would be millionaires if that's the case.
For Rock the results are there, the news is there, the sentiment is there, the solid direction is there, and 41000 oz after costs, equate to about £21million alone, are all there without the additional results.
What isnt there in the company, are those rainbow chasers who failed to enter at a cheaper price for their 10%. That's the reality.
Hold for gold. Let this little storm tide over. You won't regret it.
GLA
It's a solid indication of the strength of the Share and peoples beliefs and sentiments surrounding it, because even after the tree shake, the share price is still consolidating around the 1.7-8p range.
If that's not a sign of a stable and minimal risk share, I dont know what is.
I'm £32k in, I'm hoping to move it to nice round figure.
Literally all eggs in one basket, that's how much trust I have in the fundamentals, the CEO's direction and the long road we have ahead.
GLA
At these prices, it's pretty much a consensus that these shares are an absolute bargain.
What would you do if an AIM share struck gold? Well guess what, they have!
Those who saw this at 2.15p were kicking themselves for not buying in at 1.7-8p
It's now back at this price, so don't repeat the same mistake. The train only stops at a station briefly.
Might hate me for this, but I hope an RNS for the other drill holes don't land this week, not before I trade my entire months salary at these prices (if they stay!!)
GLA
My £14.4k buy at 1.89p appearing as a sell. I suspect there's more of these.
Cheap as chips imho
Me too. Added another 1.06million ??
103k buy of 5.75m shares at approximately 2pm.
Only a good sign.