Red Rock Resources Share Discussion Threads

[noirua] 24/9/2019 20:53

Gold at US$1,532 per ounce - RED RRR is gleaming somewhat.

[noirua] 24/9/2019 15:27

1620 back to its happy ways concerning RRR on two fronts at Mid Migori and Musonoi.
Some good buying in the last 4 days offset by some selling by stale bulls.

[torp] 24/9/2019 14:01

Back to posting drivel again to push other posts off the page

Dear oh dear.

2 large sells yesterday of about £11.25k each.

Clearly someone not believing the ramping nonsense I guess.

Probably Gyllenhammar continuing to dump his former 13% holding.

Not looking good here imho.

[noirua] 24/9/2019 10:16

RED

1620

[noirua] 23/9/2019 15:51

Off Topic:

Gold price at $1,525

On-Topic:

Morning Star:

[noirua] 23/9/2019 14:18

Red Rock Twitter:

[torp] 23/9/2019 13:38

lol Noirua

Don't expect others to follow you into this POS!

Cash in bank at end Dec just £27k
Total Liabilities at that point were £2.7m

Admin Expenses run at £850,000 a year approx.

Since Dec they raised £323k from a dilutive placing
Received about £250k from Jupiter dividend
And just sold 1.5m "family silver" Jupiter shares for another £300k odd

The numbers just aren't adding up for me.

It's either going to be confetti time or more pawning off of the family silver imho

If the Kenya license gets reinstated then they'll have to find $2.5m from
somewhere !

DYOR

[noirua] 23/9/2019 11:58

Interesting how things go on from here.
Real spread at 0.47p - 0.494p = 5.1%.
Twitter:

[noirua] 23/9/2019 10:57

It looks as if there is a large late trade to be reported as I hadn't expected the offer price to drop back.

[noirua] 23/9/2019 08:44

Awaiting mining license final hurdle for Mid Migori 1.2m ounce resource plus 67,000 ounces tailings. Also JORC resource at Musonoi, DRC.

Gold at $1,521 per ounce. Very promising.

[noirua] 21/9/2019 14:38

China’s Steel Output Recovers In August
17 September 2019

[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?