Red Rock Resources Share Discussion Threads

[noirua] 21/10/2019 13:18

Provided a JORC resource is achieved similar to adjacent Area 5 at Musonoi and a mining license is rubber stamped by Kenya's mining Minister matters are fine.

[noirua] 21/10/2019 13:06

The Company's issued share capital consists of 676,049,662 Ordinary Shares of 0.01p each with voting rights. No Ordinary Shares are held in treasury.

Even after the uplift in price this morning to 0.45p the market cap languishes at £3.042 million.

[noirua] 21/10/2019 12:17

My own valuation for Musonoi, DRC for Red Rock's 51% holding is just USD14 million whilst AB, Chairman of RRR sees it well over USD55 million. At USD14 million it equals only £10.7 million - still 3.5 times the present market cap of the company.
Providing a JORC resource is achieved similar to adjacent Area 5 at Musonoi and a mining licence is rubber stamped by Kenya's mining Minister.

[noirua] 21/10/2019 12:09

People laughed about Sirius Resources Limited ASX:SIR in early 2012 at just 7c. Later that year the price topped out a $5.20 - who was still laughing then. Many millionaires created in a matter of months.

[kemche] 21/10/2019 11:18

Hilarious stuff Noirua. That made me chortle. One upstanding gent praising another. Oh my! Commission much?

[new_scally] 21/10/2019 10:54

the crown jewels are slipping. JMS ore price fell another 29c last week and after the upcoming div I expect them to go below 30c once the record date is past and could even challenge the 23c low of last year. Future dividends will be much reduced in the near term.

Not good news for Red Rock

[kemche] 21/10/2019 10:20

It's all about the coal and Zambia now.

[noirua] 21/10/2019 09:59

Some sensible buying this morning and I reiterate my original target of 1.35p - 1.5p in the short term.

[kemche] 21/10/2019 09:12

News due from everywhere. And it will be great:

[noirua] 21/10/2019 09:03

Jupiter Mines ASX:JMS Presentation:

JUPITER MINES LIMITED ASX:JMS - - Red Rock Resources PLC 'RED' holds 17,024,914 shares. Anglo only own a 0.3% royalty in Mount Ida iron ore production. Red Rock still hold 1.2% at present and 0.75% if the full US$8 million payment is made by Anglo Pacific. Daily chart:

[noirua] 21/10/2019 00:10

News due and may be on the horizon.

[noirua] 20/10/2019 10:13

Red Rock progresses exploration in Zambia, DRC
27 June 2019


Central- and East Africa-focused miner Red Rock Resources has started work on identifying and assessing old drill cores from previous exploration activity at the Musonoi joint venture (JV) asset adjacent to Glencore’s Katanga mining assets, in the Democratic Republic of Congo (DRC).
Meanwhile, work has also progressed at another of the company’s JVs, with Congo Galaxy, which entails exploration on the Luanshimba licence, in Zambia.
So far, Red Rock has identified a 2 km by 500 m copper/cobalt anomaly and a 1.4 km by 300 m copper/cobalt anomaly. Red Rock is planning a low-cost programme including ground geophysics and pitting to further define the mineralisation potential and determine drill targets.

[ News is just around the corner for Mid Migori and Musonoi ]

March 2019:

[noirua] 20/10/2019 09:07

RELEASE OF SECURITIES FROM ESCROW 17 October 2019

[noirua] 20/10/2019 09:00

Para Resources Analysis:


PARA RESOURCES INCORPORATED TSXV:PBR - GOLD - RRR holds 2,500,000 shares and 2,500,000 3 year warrants exercisable at C$0.30 per para share.

[kemche] 19/10/2019 10:31

Musonoi will ,in all like likelihood, be as successful as all of the other projects. Very.

[noirua] 18/10/2019 17:32

March 7 2019 - Musonoi


News is due very soon based on the original drilling. 83 holes were drilled cores are being tested and resources are expected from these results.

[new_scally] 18/10/2019 05:47

Price is falling so expect a goldfund buy signal at any time

[kemche] 17/10/2019 19:09

If you are buying Red Rock shares at the moment you are a braver person than I Gunga Din!

[noirua] 17/10/2019 16:58

If you are selling Red Rock shares that is your call my friend.