RRL - Regis Resources

[iliamanolev]

Hi folks i was wondering if any one can help!
I was given RRL as a good buy brokers report back in March estimated a value of 0.19 currently 0.105 and 0.11. A bit more of the compony Joint venture with Newmont(RRL 60%) and major shareholder also Newmont (40%).
So far 1.2 million oz of gold but the interesting thing is drilling continues with resources to be upgraded by September. The cost of the plant around 51 mill latest test results by AMMTEC gave a good gravity separation of up to 60% this will reduce the capital cost even further. New non executive director joint the company in August (2006) he is ex Executive director of Newmont Australia not bad.
Please let me know what u think

 

[havingfun]

had a run into 20c mark ages ago[when falcon minerals had its run]....they are right next door to falcon minerals. Been alot of interest for falcon recently,something up there.So it would be no surprise if rrl went for run,but i havent heard anything

 

[iliamanolev]

I heard that they are very serious about the project right now and the funds should not be a problem at all because its only around the 40 mill mark now and Newmont will most like provided. They updated drill results are confirming similar results to the East and West of the main ore body alot of drilling at the moment on the tenements with upgraded resources out due very soon. I think not a bad buy. Thanks for replay

 

[havingfun]

Got a few broker mates checking into them,if I hear anything i'll let you know.

 

[iliamanolev]

Thanks for that!

 

[Bluebeard]

Hi everyone

Ive noticed that Regis has fallen to around 10c to 10.5 cents per share, what are peoples view on this stock now? I recall a good article in the papers about this stock many months ago, from memory it was by Barry FitzGerald in The Age. I've tried to keep abreast of Regis in terms of ASX announcements but did anyone get around to doing anything further. Id be interested in peoples opinions of where they think Regis is at. What do you guys reckon?


Disclosure: I hold Regis shares.

 

[rub92me]

They had to dilute a lot to buy out the JV, and will have over 1.1 billion shares issued. All the extra shares at 10 cents may act as a bit of an anchor for the time being. It may all come good in the long run, all depending on how good their resources turn out to be and how much extra funding is required to get it out of the ground. I'm planning to do a bit more research on this company and its management. Maybe some of the long term company options are worth a go, but I think I will still have another 6-12 months to decide.

 

[Bluebeard]

New update on Collarabbie

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00684708

 

[56gsa]

bluebeard - investment by Newmont gives some confidence but doesn't seem to be a lot of info on their resources - inferred resource of 1M Oz of gold in Ann Report (not sure if this is JORC?) - anything else that has been substantiated?

 

[Bluebeard]

Regis has moved from about 9.5 cents to 12 cents the last sale i saw today over the last 2 weeks. I will go back and look at some of there announcements over the last 12 months.

 

[56gsa]

be interested to see what you find - the annual report is 95% company governance and 5% activities.

the chart on this looks interesting - has bounced off the 9c level a couple of times in last two years ... lots of resistance up to the 18c level but now they have their equity situation sorted and progressing their projects we may see further advance - certainly more trade today than usual (7m) and lots of buyers at 11c / sellers clearing out at 11.5c

I'm in for the ride/rise - be interesting day tomorrow me thinks ?? (hopes)

 

[marc1]

Regis has moved from about 9.5 cents to 12 cents the last sale i saw today over the last 2 weeks. I will go back and look at some of there announcements over the last 12 months.

Bluebeard & 56gsa / rrl mentioned in alan kohler eureka report this week,tipped to out perform over the next 3 to 6 months, buy @ 0.105, no target price given.
Exposure in the media may be contributing to volume and sp increase over the last few days. management buying up as well.
Chart looks good, probably qualify on breakout threads; see what tomorrow brings.
cheers
holding atm

 

[Bluebeard]

The Report for the 1/4 ended 30 September 2006 page 5 is interesting. People who are interested should go have a look and I suppose make up their own minds. Good luck to all.

Disc. I hold RRL

 

[56gsa]

mentioned in alan kohler eureka report this week,tipped to out perform over the next 3 to 6 months, buy @ 0.105, no target price given.

Haven't seen this report but have put together some numbers from the Sept Qtrly. which suggest the Moolart gold project could be worth approx 29 cents a share. Other projects still to define JORCs. Newmont 49% holding certaining gives confidence that gold production is on the cards.

Per Sept Qtrly (pg 5)
Moolart Well in-pit resources
1.008 Moz (indicated and inferred)
0.592 Moz captured in pit shell from optimistion model
730 A$/oz
50 $m for plant
188 A$m surplus cash for project
implies: 412 $/oz cost

Satellite deposits
1.283 Moz (ind&inf) (0.815Moz largest single deposit)
59% assumed % captured in pit optimisation model (per above)
239 A$m surplus cash for satellites

TOTAL 377 $M surplus-capital cost
1,295 M shares
0.29 cents/share

 

[Bluebeard]

Another good announcement today.

Infill drilling at Moolart Well has confirmed continuity of high grade quartz veins

Four mineralised vein sets have been identified

High grade quartz vein structures appear to now reach 200 metres continuity along the strike and 100 metres down dip and are not closed off

Grades of several ounces per tonne occur in the vein sets

Vein mineralisation is not constrained and are NOT included in current resource estimate

overall results are positive for presence of significant high grade zones below 70 metres vertical depth.



From memory Moolart Well had a decent results between 20 mtrs and 70 mtrs although I will have to go back and check. People should confirm details of the announcement.

I hold RRL.

 

[56gsa]

This weekend RRL is making presentation at BMO Nesbitt Burns Global Resources conference in Florida on their duketon project (resource = 2.2moz)

could see a bit of action next week if they attract some interest, as well there is a resource update next month (see timetable below)

share price has suffered from dilution in the past and has drifted down on low vol - but with some buy volume could jump to 10.5, altho lots of sellers from there on. Newmont hold 49%, 9 instos hold another 30%, directors 1% - so only 20% in public hands

RRL claims to be one of the lower mkt cap / oz (here's their rank - i have taken numbers off a graph so just approx)

mkt cap / oz
AAM 18
FML 19
GLN 19
RRL1 25
IGR 30
RNG 35
RRLav 38
CRK 40
MDS 50
RRL 50
RRL2 51
WTE 65
CRE 75
DEG 100
NAV 120
TAM 140
AVO 180

Duketon timing:
March 07 – Moolart Well resource update
2Q07 – laterite into reserve status
May 07 - commence long-delivery order
Aug 07 - Moolart well resource update
Sep 07 - oxide into reserve status
Sep 07 - Feasibility study completed

 

[Bluebeard]

Anyone still holding this or am I the only one left lol

 

[56gsa]

Anyone still holding this or am I the only one left lol

i'm still in bluebeard with small parcel but watching this to buy in again - there is divergance since mid feb between price and money flow - no impact from florida conference so resource update this month is next potential catalyst - any thoughts on this?

 

[Bluebeard]

Im in and holding, I'm waiting for some cash to come in from some dividends and I'll be buying more at this level. The announcements since last june or july when I first got in havent seen me change my mind on this.

 

[56gsa]

a couple of big buy orders on this @ .09 now, and sellers are thin until you get to .099

announcement re Moolart Well resource is due this month