RCP - Redbank Copper

[Joe Blow]

Redbank Copper (RCP) was previously known as Redbank Mines (RBM).

For information on Redbank Mines please refer to the now closed RBM thread which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=5697

Discussion of this company will now continue in this thread.

 

[explod]

Redbank Copper (RCP) was previously known as Redbank Mines (RBM).

For information on Redbank Mines please refer to the now closed RBM thread which can be found here: https://www.aussiestockforums.com/forums/showthread.php?t=5697

Discussion of this company will now continue in this thread.

Joe, is it possible to tag the RBM thread to this. Good to be able to go back over views on developments in a company. Or perhaps RBM can be found on search.

cheers explod

 

[Joe Blow]

Joe, is it possible to tag the RBM thread to this. Good to be able to go back over views on developments in a company. Or perhaps RBM can be found on search.

cheers explod

Hi Explod,

I always link to the old thread in the first post in the new thread after any company has been renamed. I think having two threads is important after a company has changed its name and ASX code for a few reasons:

• Some people may still be searching for the company under the old name both here at ASF and via Google.
• A name change often indicates a change of direction or corporate strategy so a new thread is generally a good idea.
• Sometimes threads get too long and difficult to follow and a change of name and ASX code is a good opportunity to start again from scratch.

When a company has just changed its name but retained the same ASX code I will generally just rename the thread as two threads with the same ASX code can be confusing.

The link again to the old RBM thread: https://www.aussiestockforums.com/forums/showthread.php?t=5697

 

[sidious]

After changing their name, they do a trading halt, now suspended and a capital raising. Got out at .029 for a tidy profit. Don't know if my decision is good or bad. What if it rises more? And what if it falls to .01? Only time will tell. But I can relax during the weekend.

Anybody here got stuck with RCP

 

[sirronron]

After changing their name, they do a trading halt, now suspended and a capital raising. Got out at .029 for a tidy profit. Don't know if my decision is good or bad. What if it rises more? And what if it falls to .01? Only time will tell. But I can relax during the weekend.

Anybody here got stuck with RCP

Sidious, I'm staying in. I have confidence that in the long term this company will do well.

It all depends on how long you want to wait. Sometimes you need to be patient.

All the best.

 

[sunslush]

Sidious, I'm staying in. I have confidence that in the long term this company will do well.

It all depends on how long you want to wait. Sometimes you need to be patient.

All the best.

i'm staying in as well, this stock is going to perform well in the long run + all the good announcement is continueing + new high graded discovery copper at NT + Glencore(worlds biggest commodities tradder) got high interest in Redbank and taking up major stake in it. so i'm pretty confindent, Redbank will perform better in the future or maybe near term.

 

[sidious]

Looks like the results are good. Do I see the holders smiling? Congrats to those who have bravely hold. Hope it brings you fortunes.

 

[sirronron]

Looks like the results are good. Do I see the holders smiling? Congrats to those who have bravely hold. Hope it brings you fortunes.

Long way to go for this company. The results are from only one hole so there is no way I would buy more at this stage - spec stock of course.

Good luck to holders for the future.

 

[sirronron]

Wow a real flop today. I would not be surprised to see this back at 1.5 cents (recent raising) shortly.

Market didn't believe the drill results!

 

[sunslush]

Wow a real flop today. I would not be surprised to see this back at 1.5 cents (recent raising) shortly.

Market didn't believe the drill results!

it's very obvious RCP is going to drop at reopen for trade, because it had announced capital raising of 100m new shares at 1.5cents, some people will sell the stock to lock in some profits, and use the money to buy the new issue shares at 1.5c.
I'm still think RCP is going to be VERY bullish in the near term, but only time can tell, let's wait and see.

 

[sunslush]

up another 4.55% today, big number on the buy side hopefully it push higher, yesterday was up 15%...
looks like the Scope Study is comming on the way, the announcement should be better than expected.....dont know if it can break the resistant of 0.3c

 

[sidious]

Seems like you've been believing too much on this penny hopeful. If the results of the first hole are that good, maybe it would have gone up to 0.1. But the heading on RCP's announcement is a rampup and probably a lot got concerned. Something like "RCP hits paydirt".

There's just too much penny hopefuls out there that it's more like a lottery than investing (ESI, RCP, EXM, NWT, AVA, MKY, NEU).

Good luck.

 

[sirronron]

sunslush appears to be connected to this company as he is trying to ramp it to the hilt.

Company is a forelorn gamble. Wouldn't be surprised to see this under 1 cent soon based on chart.

 

[sirronron]

sunslush

Are you still in? Are you looking forward to the Scoping Study? I hope that it provides the good news we are looking for.

 

[sidious]

After raising money last month, here they go again. So are the holders feeling the frustration, pain and feeling lost.

:

 

[sirronron]

After raising money last month, here they go again. So are the holders feeling the frustration, pain and feeling lost.

:

Not sure what to think! It's either really bad drill results and they need more cash to drill elsewhere or it's good news and they need more cash to get it all out of the ground.

Toss of a coin? Perhaps not.

 

[jancha]

So they're giving a discount of 15% off the average price on the last five trading days prior to the 18th which they calculate at .024. Well just looking back quickly at those dates I would have thought the average range was about .022. Where's the discount? Currently now at .02. Who would be taking the offer up under present circumstances. Any thoughts on this?

 

[sirronron]

So they're giving a discount of 15% off the average price on the last five trading days prior to the 18th which they calculate at .024. Well just looking back quickly at those dates I would have thought the average range was about .022. Where's the discount? Currently now at .02. Who would be taking the offer up under present circumstances. Any thoughts on this?

You have that incorrect. It is the last 5 days before close of offer which is 4.9.9, so you won't know what the price is.

 

[jancha]

You have that incorrect. It is the last 5 days before close of offer which is 4.9.9, so you won't know what the price is.

Fair enough. Teach me for not reading it thru correctly. However just a minor point.... They stated that the average sp was .024 5 trading days prior to the announcement. I would have thought more like .022. Correct me if I'm wrong on that as well. It may seem trivial but if thats the case what other facts are exaggerated when their announcements come out?

 

[sirronron]

Fair enough. Teach me for not reading it thru correctly. However just a minor point.... They stated that the average sp was .024 5 trading days prior to the announcement. I would have thought more like .022. Correct me if I'm wrong on that as well. It may seem trivial but if thats the case what other facts are exaggerated when their announcements come out?

Yeah the .024 figure was false.

Its times like these that you wonder why the releavnt authorities are not following up on such statements