Red Rock Resources Share Discussion Threads

[bam bam rubble] 26/6/2014 13:03

Reminder of the Kansai agreement;
Kansai will issue RRR a further 45% of its Mid-Migori Ltd. subsidiary provided a
bankable feasibility study is completed within six years, being August 13th 2015.
RRR can terminate this purchase agreement at any time by giving 6 month's notice.

From recent Edison report which tend to be checked by companies prior to release;
- cost assumption for Red Rock to complete a BFS at Nyanza: further US$6 million
- time est. to complete BFS and bring to point of development: a further 5 years

Suggests it does not intend (and cannot afford) to do a BFS within the next year
and will be waiving its earn-in rights. Kansai project now a disposal in waiting.

[mozii] 26/6/2014 10:16

On the move...

[knoblet] 25/6/2014 17:37

The only thing this company is financing is Bell's back pocket!

[mozii] 25/6/2014 15:46

Well, AIM is mainly bump dump and have seen it every day, recently in RRR when it went from .22 to .42 for couple of days, I'm not suggesting this as strategy, but if you come across it then why not.It might start here sooner than u think when the muppets start to sing, then u decide which way u want to play it

[steve1905] 25/6/2014 12:56

moz, you're new here, yeah?

[on target] 25/6/2014 12:54

Mozil,

Good luck trying to trade 'bumps' here, there are very few suckers left who haven't been suckered enough on this one.

[mozii] 25/6/2014 11:31

Gents, its all part of the bump, let it go, benefit from it if you can, but no point of playing it down

[on target] 25/6/2014 11:28

Almost puked reading that sentence!

[knoblet] 25/6/2014 11:25

"It is now a combination of a junior gold explorer and a mining finance house, focused on discovering and developing iron ore, gold, steel feed and uranium globally."

Since when?

[mozii] 25/6/2014 11:20

if a cash raise to happen then expect a bump soon...

[danielmiller1] 24/6/2014 15:53

question is will Andy do a deal with GDP. GDP has the JORCs in Kenya!

[soulsauce] 24/6/2014 15:47

Must be cash raising time again:-

[danielmiller1] 24/6/2014 15:41

Red Rock's announcement that it has signed a binding letter of agreement to sell its 50.002% interest in Four Points Mining (FPM) in Colombia continues the rationalisation of its portfolio of assets and its ongoing strategic transformation from junior investment holding company to African gold explorer.
Red Rock Resources listed on AIM in July 2005. It is now a combination of a junior gold explorer and a mining finance house, focused on discovering and developing iron ore, gold, steel feed and uranium globally.

[rrrensch] 24/6/2014 14:25

fresh on Twitter:

Edison ‏@Edison_Inv_Res · 4m
Strategic transformation of @RRR_RedRock into #African #gold explorer, post agreement to sell 50.002% FPM interest ...

[soulsauce] 24/6/2014 13:47

BMR - hope you took profits Atino.

[mozii] 23/6/2014 01:34

Now seems no wonder why Daniel Sklan is increasing his position here, something must be coming up very soon...

hxxp://www.agenceecofin.com/or/0503-18111-cote-d-ivoire-red-rock-obtient-l-appui-de-l-investisseur-daniel-sklan-pour-son-projet-sur-l-or


Agency (Ecofin) - Red Rock Resources Plc, London-listed mining company, has reached an agreement with the investor Daniel Sklan for funding £ 100,000 for exploration activities in its draft Ivory Coast Gold Project ( ICGP).

Andrew Bell, Chairman of Red Rock, welcomed the financial assistance and noted that their " preliminary findings in Côte d'Ivoire have shown the potential of the geology of the area and revealed interesting targets already identified in the country ".

In addition, Red Rock Resources Plc announced on March 4 be able to lift at the same time £ 80,000 per placement with Mr. Sklan which hold in return 3.32% of the voting rights in the company.

[mozii] 23/6/2014 01:29

Came across this, but not sure if it is posted before

hxxp://www.agenceecofin.com/or/0306-20496-kenya-red-rock-resources-est-confiante-de-son-aventure-sur-l-or-de-nyanza




Agency (Ecofin) - Red Rock Resources plc, which seeks to hold 60% direct interest in the Migori gold project in Kenya, is a projection of production of approximately 80,000 ounces of gold over a lifetime 9 year mine after the preliminary technical and economic evaluation of the deposit Nyanza of 200,000 ounces of gold.

Based on this assessment, the first step of the bankable feasibility study, the company listed in London hopes to achieve $ 95 million of revenue from the sale of gold at a price of $ 1,200 per ounce of gold, and recover a capital cost of $ 3 million in the first six months of operation.

Red Rock currently holds 15% direct and indirect interest of 32.27% with options in this project located in south-western Kenya interests.

The deposit Nyanza, she believes, a strong potential to be a gold mine open pit with an average operating cost of U.S. $ 958 per ounce of gold produced.

Andrew Bell , CEO of Red Rock, considers this "robust" gold project and announced that the company will work to increase the existing mineral resources will continue while the other phases of the feasibility study and exploration in new areas .

Besides Kenya, the company conducts exploration on gold in Côte d'Ivoire activities.

[atino] 22/6/2014 09:42

"As AIM's liquidity improves this should hopefully mean that some of the bid-offer spreads of the individual companies will narrow. However, there does not appear to be an improvement in the narrowest spreads from three years ago."

Its nice to see Red Rock making the chart [...page 9] hxxp://www.hubinvest.com/AIMPDFJune2014_57.pdf

...a bit on Tshipi (...last page) - hxxp://www.omholdingsltd.com/news_announce14/16.pdf

[soulsauce] 20/6/2014 17:18

Well the trend is certainly better Atino, long may it last, but good news is needed by both companies to sustain any rise and not more of the dreaded confetti.

[atino] 20/6/2014 16:55

...thats it John!...You tell'em m8, LOL:-)) *__*

Both companies...doing well today:-) [...and BMR too *__^]

[hopeless698] 20/6/2014 15:23

RNS ON IT'S WAY?

[johndee] 20/6/2014 11:41

theprior

WRONG THREAD.

[theprior] 20/6/2014 09:21

SNRP
Beaufort Securities Strategic Natural Resources (LON:SNRP)we can expect a considerable re-rating. Speculative Buy



Further to the earlier announcements the board of Strategic Natural Resources (SNRP), which indirectly owns 74% of Elitheni Coal (Pty) Limited, announces that the winding up petition filed with the Companies Court in London by London Commodity Brokers ("LCB") has today been dismissed, with the consent of LCB and SNR, following SNR's settlement of the agreed amounts due from SNR to LCB, details of which were announced on 13 May 2014 and 6 June 2014.
Our view: Following our note date 13th May 2014, it is pleasing see LCB and SNRP having settled the agreed amounts, leading to the current dismissal of the winding up petition. SNRP has a considerable advantage in that it has transport facilities to the underutilised port and has demonstrated success by its first export in 2013. SNR has a further advantage of strong government backing for its project. Coal is a key resource where most of South Africa's power stations are coal fired. Without doubt the Coal asset has value far in excess of the current market cap and we can expect a considerable re-rating. Speculative Buy