Renforth Resources OTCQB (RFHRF)

Discussion in 'Penny Stocks' started by Rickydi, Mar 8, 2021.

  1. Small time investor

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    Interesting that Barchart is (as of 9-20-21 6:00AM est) still 100% sell. Smallcaps says buy. Is one of them lying or perhaps they aren't looking at the same numbers? It's one of the reasons I don't trust any of them to be trustworthy. I will continue to look at the companies and see if they are following their plan. Good communication is important. I think Renforth is doing what they plan. I'm staying long.
     
  2. Rickydi

    Rickydi Member

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    C:RFR - Renforth Resources Inc. - http://www.renforthresources.com

    13:39:04 EDT

    Sym-X Bid - ..................Ask................Last............Chg........Vol

    RFR - C 100.0X0.07..0.075X70.3.......0.075........+0.005.....185.7
     
  3. Rickydi

    Rickydi Member

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    For further information please contact:
    Renforth Resources Inc.
    Nicole Brewster President and Chief Executive Officer
    C:416-818-1393
    E: [email protected]
    #269 – 1099 Kingston Road, Pickering ON L1V 1B5
     
  4. Rickydi

    Rickydi Member

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    For further information please contact:
    Renforth Resources Inc.
    Nicole Brewster President and Chief Executive Officer
    C:416-818-1393
    E: [email protected]
    #269 – 1099 Kingston Road, Pickering ON L1V 1B5
     
  5. Rickydi

    Rickydi Member

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    BEWARE......LARGE STOCKHOLDERS SELLING
     
  6. Small time investor

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    Are they just tired of waiting or needed some cash? I am remaining long. No plans to sell until maybe after they re-value Parbec.
     
  7. Rickydi

    Rickydi Member

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    Barchart Technical Opinion..........STRONG SELL..............
    The Barchart Technical Opinion rating is a 72% Sell with a Average short term outlook on maintaining the current direction.
     
  8. Rickydi

    Rickydi Member

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  9. Small time investor

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  10. Small time investor

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    Decided to go ahead and buy another 10,000 shares. Putting money where my mouth is. I have a very good feeling that Nicole Brewster is about to release some very good news any time now. Maybe not today, maybe not even this week or month, but probably by the end of the year. A little patience may be in order.
     
  11. Rickydi

    Rickydi Member

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    ORIGINAL: Renforth drills 21.85m of 3.06 g/t gold at wholly owned Parbec open pit gold deposit in Malartic, Quebec

    2021-10-06 08:01 ET - News Release

    (via TheNewswire)

    TheNewswire - October 6, 2021 - Renforth Resources Inc. (C NSX: RFR. CN ) (OTC:RFHRF) (FSE:9RR ) (“Renforth” or the “Company”) is pleased to announce the final results from our 2020/21 drill program at our wholly owned Parbec open pit gold deposit located in Malartic, Quebec, adjacent to the Canadian Malartic Mine, Canada’s largest gold mine. Assay results highlights appear below, including 21.85m of 3.06 g/t gold drilled in PAR-21-141, which was drilled as an “infill” drill hole, in an area which had not previously been drilled. At the end of the program the field geologists decided to follow up on the visual results of PAR-21-141, which terminated at a vertical depth of ~250m as can be seen in the vertical section below, with a shallow “overcut”, PAR-21-145.

    As seen in the section PAR-21-141 delivered new mineralization outside of the conceptual pit shell. PAR-21-145, also delivering new mineralization, terminated at approximately 150m vertical depth, delivering highlights of 33m of 0.748 g/t gold, 19.5m of 1.09 g/t gold and 9.9m of 1.38 g/t gold . All of the assay data in these two holes is new mineralization, demonstrating continuity of mineralization at Parbec and extending mineralization to some depth.

    upload_2021-10-6_9-7-7.png
    Click Image To View Full Size


    Assay intervals are as measured in the core box, not true width

    Vertical Section 5075NW

    upload_2021-10-6_9-7-25.png
    Click Image To View Full Size


    With the receipt of all assay data Renforth can now update the deposit database and update the deposit model. In addition, a structural interpretation will be carried out, all of the drilling to date, and the resource modelling, has been on the basis of grade, as opposed to a structural interpretation. With the >15,000m of new data Renforth believes an initial structural interpretation can now be completed.


    “I am very happy to release the final Parbec drill results, after unprecedent lab delays caused by the impact of COVID on local labour. I am thrilled that this final press release contains excellent results from drilling in a previously undrilled area, demonstrating that there is still lots to be learned at Parbec, and offering an immediate drill target for the future, an undercut of the 21.85m of an average grade above the current resource grade. Parbec’s future is bright” states Nicole Brewster, President and CEO of Renforth.


    Samples referred to in this press release were bagged, tagged, and sealed in the field and transported directly to the facilities of AGAT Laboratories in Val d’Or, Quebec where they underwent Fire Assay – Trace Au, AAS finish (Code 202-051) for gold analysis.


    Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a “qualified person” pursuant to NI 43-101


    For further information please contact:

    Renforth Resources Inc.

    Nicole Brewster

    President and Chief Executive Officer

    C:416-818-1393

    E: [email protected]

    #269 – 1099 Kingston Road, Pickering ON L1V 1B5


    Follow Renforth on Facebook, LinkedIn and Instagram!


    About Renforth

    Renforth holds the Parbec open pit constrained gold deposit in Malartic Quebec, contiguous to the Canadian Malartic mine, with a 2020 resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au. This resource estimate is now considered by Renforth to be out of date due to the results received in a 15,569m drill program which has been recently completed. This program was planned to twin, infill and undercut existing drill holes at Parbec, to support a rebuild of the geological model and a resource estimate restatement.


    In addition to this Renforth wholly owns the 260 km 2 Surimeau District Property with several areas of historically identified polymetallic and gold mineralization. This includes the Victoria West occurrence, Renforth’s current focus, interpreted to be a nickel-containing ultramafic unit, juxtaposed with VMS-style copper-zinc mineralization which occurs over ~5km of strike in the western end of the 20km central anomaly at Surimeau. Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m. Renforth is well funded, with ~$5 million in cash and securities on hand (*as at 05/14/21), in addition to the gold contained in our gold deposit.


    No securities regulatory authority has approved or disapproved of the contents of this news release.


    Forward Looking Statements

    This news release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward looking. Forward-looking statements are frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail in the Company’s securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and the reader is cautioned against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.
     
  12. Rickydi

    Rickydi Member

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    Renforth Resources Inc (RFR.CN)

    0.065unch (unch) 15:30 ET [CNSX]

    0.065 x 297000 0.070 x 53000

    TECHNICAL CHARTfor Wed, Oct 6th, 2021

    upload_2021-10-6_15-55-23.png
     
  13. Rickydi

    Rickydi Member

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    TrendSpotter SELL
     
  14. Rickydi

    Rickydi Member

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    Renforth Resources...................A LOT OF PAPER FLOATING ALL OVER THE PLACE

    Source: www.sedar.com as of June 30, 2021


    Capitalization

    Issued & Outstanding:

    261,953,670

    Reserved for Issuance:

    684,050

    Share purchase warrants

    46,714,841

    Options Exercisable

    16,350,000
     
  15. Small time investor

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    Renforth is following their plan and communicating well. Despite some stock analysis which says to sell, there is really no bad news about this company. The holes they are drilling are showing good results. The re-valuation of Parbec might be done in the next few months. That should prove interesting. I still think that the stock is being manipulated to drive the price down so the manipulators can buy it at a low price. I don't buy or sell because of stock analysis so much as the fundamentals of the company. A good company, like Renforth, will ultimately succeed.
     
  16. Rickydi

    Rickydi Member

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    Fortunately or not Barchart have a high % of good calls
    Snapshot Opinion Renforth Resources
    Yesterday...........88% SELL
    Last Week..........88% SELL
    Last Month ........24% SELL

    These statistics give you a sense of the Overall Opinion trend.

    A PENNY STOCK WITH 261,953,670 SHARES ISSUED AND NO INSIDER OWNERSHIP REPORTED IS VERY DIFFICULT TO MANIPULATE.
    iT'S A LOT MORE EASIER FOR A CEO TO PUMP A STOCK USING PAID VIDEO ADVERTISING.
    SEE BY YOURSELF: https://www.youtube.com/results?search_query=renforth+resources
     
  17. Small time investor

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    "No insider ownership reported" ? Perhaps you missed this:

    9. SHARE CAPITAL (continued) d) Stock option plan The Company has a stock option plan which provides for the granting of options to purchase common shares to a maximum of 10% of the issued and outstanding common shares of the Company to officers, directors, and other service providers at the discretion of the directors. Each option granted under this plan shall be exercisable for a maximum period of five years from the date the option is granted to the optionee. Stock options vest over a period of 12 months. On January 30, 2019, the Company issued 1,450,000 options to officers, directors and management of the Company exercisable for a period of five years at an exercise price of $0.07 per option. 1,150,000 of the options were granted to officers and directors. The options vested immediately on the date of grant. The fair value of the options were estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions: expected volatility of 234%; expected dividend yield of 0%; risk-free interest rate of 1.75%; and expected life of 5 years. The options were valued at $65,250. On May 29, 2020, the Company issued 2,950,000 options to officers, directors and management of the Company exercisable for a period of five years at an exercise price of $0.05 per option. 1,750,000 of the options were granted to officers and directors. The options vested immediately on the date of grant. The fair value of the options were estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions: expected volatility of 187%; expected dividend yield of 0%; risk-free interest rate of 0.39%; and expected life of 5 years. The options were valued at $112,100. For the year ended December 31, 2020, stock option expense of $112,100 (2019 - $65,250) was charged to operations with an equivalent offset credited to contributed surplus to reflect the vested portion of the fair value of stock options granted for directors’ and officers’ compensation. Expected volatility in the above valuations was based on historical volatility of the Company.
     
  18. Rickydi

    Rickydi Member

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    .....................Options have value when exercised, if not it's value less.............
    https://www.barchart.com/stocks/quotes/RFR.CN/overview

    Barchart Technical Opinion

    Weakening short term outlook on maintaining the current direction.

    The market is approaching overbought territory. Be watchful of a trend reversal.

    GLTY
     
  19. Rickydi

    Rickydi Member

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    Ms. Nicole Brewster reports

    RENFORTH RAISES $1,376,260 TO FUND CONTINUED 2022 EXPLORATION OF BATTERY METALS AT VICTORIA WEST WITHIN THE SURIMEAU DISTRICT PROPERTY AND ON THE PARBEC GOLD DEPOSIT

    Renforth Resources Inc. has completed a private placement financing, raising $1,376,260 through the issuance of 13.75 million flow-through common units and 14,000 common units.

    Renforth is also pleased to inform shareholders that the final 2021 drilling at Victoria West, within the Surimeau District Property, has been successfully completed with a total of 7 holes drilled in 1203m within the stripped area. Each hole encountered visible sulphides, samples have been sent for assay, results will be released once received.

    Renforth has now drilled 5,626m into Victoria West, this combined with Renforth's surface work and historical data demonstrates that Victoria West is a polymetallic occurrence currently striking over 5km within a 20km geophysical feature, with mineralization consisting of nickel, cobalt, copper, zinc, platinum and palladium starting on surface and continuing to a vertical depth of at least 150m.

    "We are happy to have raised a judicious amount of money pursuant to requests from shareholders which we will immediately deploy in continuing our, to date, successful exploration on both our wholly owned gold deposit contiguous to Canadian Malartic, Parbec, which has a structural setting and lithological similarity to our neighbour, and on our Surimeau District Property. At Surimeau we will work to extend and deepen the polymetallic "future facing" minerals in the Victoria West area of our vast, >260 km 2 , wholly owned and road accessible battery metals property, also contiguous to Canadian Malartic. We look forward to a New Year filled with new results and exciting field activities on our properties and, with some success, continued asset growth" states Nicole Brewster, President and CEO of Renforth.

    The proceeds of this offering will be used to fund 2022 exploration on the Company's wholly owned properties as follows;

    Surimeau

    Renforth has retained Joel Dube ing., P.Eng of Dynamic Discovery Geoscience, to carry out a Prospectair MAG-TDEM (helicopter borne electromagnetic geophysical survey) on the Surimeau district property which will result in consistent detailed geophysical information for Victoria West, Colonie and LaLonde.

    Interpretation of the geophysical survey, combined with results from Renforth's recently completed comprehensive channeling of the stripped area at Victoria West and the assay results from the just completed drill program.

    Parbec

    Renforth has retained Stefan Kruse Ph.D., P.Geo, Senior Structural Geologist of Terrane Geoscience to deliver a structural site characterization of Parbec. The first phase of this will occur in January 2022 and consist of a compilation and integration of all relevant data and a gap analysis. This process will dictate, through the gap analysis, the next steps Renforth will take in working to identify the structural controls to the relatively high grade magnetic diorite intersected in numerous drill holes.

    Results from the recently completed 15,000m of drilling at Parbec have highlighted areas which require additional assay work, both in the recently completed holes and in prior adjacent drillholes. Renforth is compiling this assay list and will be submitting pulps for assay or cutting new samples in core as appropriate.

    Each Flow-Through Unit was priced at $0.10 and consists of one common share in the capital of the Company issued on a 'flow-through' basis, and one-half of one common share purchase warrant. Each whole warrant issued with the Flow Through Unit, entitles the holder to purchase one common share in the capital of the Company at a price of $0.13 for a period of 12 months following closing. Each Unit was priced at $0.09 consists of one common share in the capital of the Company, and one common share purchase warrant. Each warrant issued with a Unit, entitles the holder to purchase one common share in the capital of the Company at a price of $0.13 for a period of 12 months following closing.

    In connection with the Offering, the Company paid $66,000 and issued 660,000 compensation warrants in respect of the Offering. Each compensation warrant is exercisable, for 12 months, for one common share of Renforth at $0.13 per share. All securities issued under the Offering are subject to a four-month statutory hold period in Canada.

    Technical disclosure in this press release has been reviewed and approved by Francis R. Newton P.Geo (OGQ#2129), a "qualified person" pursuant to NI 43-101.

    About Renforth

    Renforth wholly owns the ~260 km 2 Surimeau District Property, which hosts numerous areas of polymetallic and gold mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2km, within a 5km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9% Ni, 1.38% Cu, 1170 ppm Co and 4 g/t Ag. In addition to this the Lalonde, Surimau and Colonie Targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this NSR free property.

    In addition to the Surimeau District battery metals property Renforth wholly owns the Parbec Gold deposit, a surface gold deposit contiguous to the Canadian Malartic Mine property in Malartic, Quebec. In 2020/21 Renforth completed 15,569m of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the Company considers the spring 2020 MRE, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.

    Renforth also holds the Malartic West property, the site of a copper/silver discovery, and Nixon-Bartleman, west of Timmins Ontario, with gold present on surface over a strike length of ~500m.
     
  20. Rickydi

    Rickydi Member

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