Red Rock Resources Share Discussion Threads

[noirua] 21/9/2019 01:58

Off-Topic:

On-Topic:

Glencore's plans trigger cobalt price rally to six-month high
September 2019


Cobalt rose to $17.5 per lb in the past week, a gain of more than 30% since early August, when commodity trader and miner Glencore said Mutanda would close from the end of this year for two years. Glencore chief executive Ivan Glasenberg said the mine's economic viability had deteriorated because of low cobalt prices.

[noirua] 20/9/2019 19:02

Trade at 16:27 for 3,506,404 shares at 0.57p, O Trade.

[noirua] 20/9/2019 15:55

MMs continue to make it difficult for buyers with spread at 0.45p - 0.53/0.528p - real spread at 14.7/15%.

[noirua] 20/9/2019 15:38

Much waited for Video about Mid Migori in the header guys.

[noirua] 20/9/2019 15:25

#Gold could reach highs of $25,000 - Pierre Lassonde @KitcoNewsNOW


If this proves correct then...

Tally:

[goldfund] 20/9/2019 14:37

Placing of new stocks - bad thing, no placing - bad thing. JMS stocks no sale - bad, sale 1.5M shares - also bad. LOL.

[kemche] 20/9/2019 12:15

There's always the shareholders as well.

It's been some time since they were tapped.

[goldfund] 20/9/2019 12:09

Cash will come from JV partner. 1.2M oz JORC worth about $20-30M. So $2.5M not a big problem. And dont forget RRR have $4.8M in JMS.

[jdsdps] 20/9/2019 11:55

What do you think the Kenya projects value is? Could Para be line up to spend some of the 10m they have just raised?

[torp] 20/9/2019 11:00

@goldfund

So if they have naff all cash, and need $2.5m if they get the license back, then where will that cash come from? If a JV partner has to stump it up then they'll want the lion's share of the project returns won't they leaving RRR with crumbs as usual. El Limon anyone?

[noirua] 20/9/2019 10:56

Asking 0.53p at present which is up on the 0.48p a few weeks ago - can buy up to 2 million shares at 0.528p. Not much, as these events in Kenya move very slowly indeed. Needs a lot more patience and cross our fingers as to the eventual outcome both on this and in DRC.
Problem trading Red Rock is the wide market spread so buying at 0.53p and selling at 0.46p = 13% real spread.

[seagullsslimjim] 20/9/2019 09:36

Shows what a drag the current management have on the share price.

[goldfund] 20/9/2019 08:09

JMS today 0.415 AUD, Red Rock's shareholding - £ 3,82M or 30% bigger than Red Rock market capitalisation. Gold at 1500 $ - so JV for Kenya easy deal.

[seagullsslimjim] 19/9/2019 16:26

Well given Bells age now and close to retirement, then its odds on he'll flog the family silver on one last speculative Vegas style punt.

Its in his blood to be reckless with shareholders money and why pass the CEO mantle onto someone else with a large JMS holding?

[jdsdps] 19/9/2019 16:13

Why has Para raised 10,000,000 and not reported what it is required for?

[kemche] 19/9/2019 13:49

Bell will not relinquish this until all of JMS has been sold off and suitable "expensed" - after which the baton will be passed onto junior.

[torp] 19/9/2019 13:43

Let's not forget also that the £1m worth of outstanding CLNs that were rolled
over from last Dec will have to be paid down this Dec unless they agree to kick
the can down the road for yet another year.


Where's all this cash going to come from???????

I think we can all guess. . . . . .


DYOR

[noirua] 19/9/2019 08:21

Red Rock Resources Plc, the natural resource investment and development company, announces, further to its announcement of 22 October 2018, latest developments in relation to its mineral interests in Kenya.

Red Rock is pleased to note the approval for the grant of licenses by the Mining Rights Board (MRB) on the mining cadastre website. Upon receipt of official confirmation of intended grant, the Company will be invited to fulfil fee payment and registration requirements.

The grant of the licences remains subject to the approval of the Cabinet Secretary and a further announcement will be made as and when the licences are confirmed.

Andrew Bell, Chairman of Red Rock comments: "We are entering the last stage of what has been a lengthy process, and thank all involved.

We look forward to the confirmation of grant, and to renewing progress towards our aim, which is to have a producing gold mine."

Note: A project summary was included in the announcement of 22 October 2018. An updated summary will be released upon conclusion of the grant process.

[the_boy_plunger] 19/9/2019 08:18

oh dear
get down...…
don't worry guys cos u got burnt being investors in the past, now haters>>>>>

[noirua] 18/9/2019 22:57

Cobalt prices continue rally with lithium prices under pressure

[noirua] 18/9/2019 22:53

Para Resources Announces $10,000,000 Non-Brokered Private Placement

[noirua] 17/9/2019 09:14

17 September - Australian Citizenship Day -

[noirua] 16/9/2019 10:03

Manganese Ore Index 37% Price (FOB Port Elizabeth/US$ per dmtu):
Week commencing 16/09/2019 - US$4.06 (last week US$4.06)