ROS 0.00% 35.0¢ red october resources limited

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  1. MG.
    4,383 Posts.
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    As Sunnysnake put it correctly, ROS has lodged the required documents to ASIC and ASX on 18th itself. It is up to the ASX to reinstate, no one else has control on it. Patience is the virtue, I would say even after the reinstatement. I Don't expect 400,000 or 500,000 tonnes of contained Copper in the initial JORc either, as it is only a maiden initial JORC report may be at shallow depths. That's my personal realistic view. I would be delighted if it is only half or so of these figures.Remember the deposit is 900x300x600m. If they issue a report only to a depth of say 200m you won't expect it to be the full JORC report. Sandfires resource is for greater depths, remember. Also I hope ROS will release the Akjilga divestment a week or so later rather than on the same day, as I don't like Cu and Ag mixed. And the current drilling results, I hope would follow Akjilga to get ROS into triple figures hopefully. The current drilling results have a far bigger effect I reckon on Yellowstone's true value. The original document said 70% of Yellowstone for US$104 Million. There was a lot of discussion here about that figure and why ROS was paying that much etc. Lets see what ROS says on resumption the reasons for that payment etc. It would be nice of course if that amount was to be smaller but we don't know what the reasons for it to be that much.

    Going to what Peter King posted here, absolutely 100% true, position is paramount and being there first also is vital. ROS was there with RIO and BHP is trying to get in. Good to see ROS mixing it with the big boys. Lets hope the trading resumption occurs on Thu or Friday next week at least and see what occurs on open.
 
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