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RCP, REDBANK COPPER LIMITED
nipper
post Posted: Feb 27 2021, 07:47 PM
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Here we are .... Oversubscribed A$7.43M Capital Raising to Fund 2021 Exploration Programs at Redbank Copper Project

HIGHLIGHTS
QUOTE
▪ A$7.43M secured from new and existing investors to fund 2021 exploration programs at Redbank Copper Project in McArthur Basin
▪ Significant target generation and project modelling work to be completed
▪ Redbank's cash position post capital raising will be $9.32M – well positioned to capitalise on strengthening copper price
▪ Joint Lead Managers Viridian Capital and CPS Capital

.... but what a tortuous and convoluted path to get here (and this is only snippet of the goings on)

.... 01/09/2020 .... The company is undertaking a private placement to sophisticated investors for 72,000,000 new shares at a price of $0.025 per share to raise $1.8m. Funds raised will be used to progress the Sandy Flat Rehabilitation Project, the Millers Creek Project, settlement of liabilities and working capital.

...... argy bargy to-ing and fro-ing. small share sale facility. change of auditors. liquidators

........... 07 Aug 2019 .. Suspended from quotation immediately , at the request of RCP, pending the release of an announcement regarding the overall standing of the company post a review of the Company by the newly appointed Board.

......... 31 Oct 2017 consolidation of its securities in which shareholders get 1 share for every 20 presently owned.

...... The securities of the company will be suspended from Official Quotation from the commencement of trading today, 16 March 2016 following failure to lodge its Half Year Accounts

08 May 2013 ...... Redbank Copper Ltd will be reinstated to official quotation at the commencement of trading on Friday 10 May 2013 following completion of the Amended and Restated Redbank Copper Restructure Deed, and completion of a capital raising

....... on or about this date the company consolidated its shares 1 for 10 .... 15/03/2010

16 July 2009 ..... name changed from Redbank Mines Limited



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
N.M.Mer.
post Posted: Sep 18 2009, 10:06 PM
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In Reply To: boundless's post @ Sep 18 2009, 06:16 PM

Yes, I agree. I got out last week with a small loss. I was lucky to avoid another Kiernan disaster.
N.M.Mer.



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Disclaimer : Believe nothing I write .
 
boundless
post Posted: Sep 18 2009, 06:16 PM
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It appears that this company is going under. Disastrous results and SPP that no-one supported. Run by @##### management.

 
N.M.Mer.
post Posted: Aug 28 2009, 09:50 AM
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"In Reply To: zac's post @ Jul 29 2009, 10:25 AMZac
I'm quite amazed by people like you that ramp and ramp a stock and then the next minute you tell everyone you are out, whilst they suffer big losses.
Are you connected to RCP?"

I agree Boundless, Zac is the ramping champion. Constant vague hints of riches with no substance.
Pathetic.

N.M.Mer.



--------------------
Disclaimer : Believe nothing I write .
 
boundless
post Posted: Aug 25 2009, 10:39 PM
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In Reply To: scully's post @ Aug 25 2009, 07:18 PM

Scully

You are dreaming mate. The GEOs are all over this announcement and the verdict is "They won't even get to production" and the announcement is way overrated.

Better value elsewhere. Sorry I mean EVERYWHERE!!



 
scully
post Posted: Aug 25 2009, 07:18 PM
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In Reply To: boundless's post @ Aug 8 2009, 11:42 AM

Well check this out todays Ann is huge for RCP



Exploration Update
Punchbowl
Ten holes for 1632m were completed and significant wide and consistent intersections were returned from the targeted drilling on two sections drilled at right angles to each other, with better high grade zones encountered in the deeper holes on both sections. Although the oxide cap is generally lower grade and reasonably diffused, the company believes that the deeper high-grade sulfide breccia core at Punchbowl represents a significant target for future drilling. Quartzite Five holes for 756m were completed and drilling intercepted mineralised zones in all holes targeted at the interpreted pipe structure. Best result returned was 9m @ 4.0% Cu from 197m. The mineralisation remains open in the deeper parts of the Gold Creek Volcanics, and through to the underlying Woologorang Formation, incorporating geological observations of historic drilling in the area. Prince Three holes for 270m were drilled into two ‘bullseye’ style targets within a broad anomaly generated by the recently completed TEM survey. The holes returned no significant copper values, and the company believes that elevated titanium levels encountered in the drilling related to volcanic strata in the immediate area have contributed to the initial geophysical target. The Prince workings some 200m NW of the TEM anomalies have not been tested with a modern phase of drilling, and remain a target for further exploration. Redbank Two holes for 252m were drilled to test under excellent intersections encountered during the 2008 drilling programme targeting a primary source to the high grade mineralisation. Drilling encountered near-surface oxide material, but only lower grade copper mineralisation was observed at depth, and the company is reviewing its model to determine the best way to target extensions to the sulfide mineralisation in the area. Bluff Two RC holes for 498m advance were completed primarily to confirm mineralisation below 100m depth and improve confidence in the resource as current resources are all inferred below 100m vertical depth. Historic holes were usually drilled vertical with no corresponding downhole survey precluding an indicated classification. Excellent results were received from both recent holes with wide intersections and grades significantly higher than resource grade returned. Three diamond holes (BLDD09-002, 003, 005) were also completed for metallurgical, geotechnical and resource delineation purposes, and successfully intersected the target zone (core images in Appendix 1). Results for these holes will be delayed due to the nature of comprehensive testwork planned for these holes. Sandy Flat Two diamond holes (SFDD09-002, 005,) have also been completed for geotechnical, metallurgical, and resource delineation purposes. Results for these holes will also be delayed due to the nature of comprehensive testwork planned for these holes.

Good times ahead guys CDU started with similar results and the depth could be the CUSP of a MOTHERLOADE




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boundless
post Posted: Aug 8 2009, 11:42 AM
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I'm out. Too many games being played with this one!!

Good luck to anyone that wants to stay in!





 
boundless
post Posted: Aug 3 2009, 12:06 AM
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Why haven't you replied Zac? Does the truth hurt too much?!

 
boundless
post Posted: Jul 29 2009, 08:58 PM
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In Reply To: zac's post @ Jul 29 2009, 10:25 AM

Zac



I'm quite amazed by people like you that ramp and ramp a stock and then the next minute you tell everyone you are out, whilst they suffer big losses.

Are you connected to RCP?

 
zac
post Posted: Jul 29 2009, 10:25 AM
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In Reply To: boundless's post @ Jul 29 2009, 08:02 AM


Hi Boundless,
I am currently out of RCP but have been informed that over the next 6-12 months they would show good growth as they head towards copper production early 2010.I will get back in soon.
Also SRE should be a good bet as they are a major sharereholder (not much on the sell atm and could run soon). FYI read below.


ASX / MEDIA RELEASE 28 JULY 2009

STIRLING SETTLEMENT WITH MATILDA ZIRCON

Australian resources developer, Stirling Resources Limited (ASX: SRE), is pleased to advise it has settled the share transfer and loan to Matilda Zircon Limited (ASX: MZI), as part of the expansion of its portfolio of zircon projects.

Stirling announced on 5 May 2009, that it had reached an agreement to transfer its northern Australian zircon assets to Matilda Zircon, to create a dedicated mineral sands development company. This proposal was overwhelmingly approved by the shareholders of Matilda Zircon at a General Meeting held on 16 July 2009.

As part of the transaction, Stirling has now acquired 171m shares in Matilda Zircon previously held by Territory Resources Limited (ASX: TTY), paid $1.75m to Territory and received 35m shares in Matilda Zircon from the conversion of a $350,000 loan provided by Stirling to Matilda Zircon.

Stirling Resources now holds approximately 206m shares in Matilda Zircon, representing 76% of the issued capital. Stirling is also now owed $1.75m by Matilda Zircon under the previously agreed terms and conditions. Territory now has no further interest in any shares in Matilda Zircon, or any debt due by Matilda Zircon.

Approximately 79m additional Matilda Zircon shares will be acquired by Stirling once the Ministerial approvals to transfer the tenements are received. Following this, Stirling will hold 285m shares, or 82% of Matilda Zircon.

Stirling Resources Managing Director Michael Kiernan said the settlement of the share and loan transfer was another step toward commencement of zircon mining activities in the Northern Territory.

"There are no foreseeable issues to affect the transfer of tenements and we look forward to settling this last element of the transaction very shortly," Mr Kiernan said.

Stirling now has a significant stake in a Matilda Zircon, with a pipeline of zircon projects on the Tiwi Islands and Cape York, as well as mineral sands assets in WA, NT and Indonesia.

Stirling will, together with Matilda Zircon, continue to advance the recommencement of mining at the Tiwi Islands Zircon project and a significant exploration program at the Cape York Zircon project, north of Weipa in Queensland.

"The Cape York Peninsula and Urquhart Point area potentially encompasses what is arguably the largest unexplored prospective mineral sands terrain in the world, with more than 300 kilometres of highly prospective coastline" Mr Kiernan said.

Mr Kiernan said this is another step forward for Stirling, as it builds a strategic and diversified resources portfolio, specifically focusing on investment opportunities in zircon, copper, gold, coking coal and iron ore.

For more information:

Michael Kiernan Warrick Hazeldine / Ryan McKinlay

Managing Director Purple Communications

Tel: 08 6389 6800 Tel: 08 6314 6300

Mob: 0417 944 616 / 0408 347 282

Stirling Resources Overview

Stirling Resources Limited is a West Australian resources developer focusing on investment and development of copper, zircon, coking coal, gold and iron ore projects. The Company consists of highly experienced resource development and mining personnel with track records of creating shareholder value.

Previously the group took control of a financially distressed manganese producer and developed it into a diverse mineral commodity producer to become included in the ASX 200 and was ultimately taken over by an international conglomerate for $1.25b. The Company grew from being a small unreliable manganese producer to ultimately supplying 10% of the world’s high grade manganese to global customers and developed significant projects in chromite, nickel, copper, zinc and iron ore.

The Company’s strategy for creating shareholder value is to identify projects that comprise either commodities that are considered to have strong future demand or geological characteristics that have potential and yet for various reasons have not achieved their possibilities. The focus is on brown fields projects close to development or production.

Driven by the underlying fundamentals of the Chinese economy and the continued massive urbanisation process commodities such as copper, zircon, gold and iron ore will continue to be in strong future demand. The Chinese growth is augmented by the Indian economic growth particularly in the steel industry leading to increasing demands of coking coal.

The Company’s website is www.stirlingresources.com.au



 
 


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