Red Rock Resources Share Discussion Threads

[noirua] 14/11/2019 17:38

It has been about 11 months since the last forecast of a JORC resource being available in a few months time for Musonoi, DRC were first announced by Red Rock Resources. All residents here will know as much as I do by now about the 83 drill cores being assessed going back to the 1920s.

These drill cores are rather different to assays becoming available on individual new drill cores that can be announced one at a time. No doubt it would be possible with these rather ancient cores but how much is left in the ground from these is the question: that would take a fair amount of working out.

After the above is complete it would be necessary to drill further and into the water table.

The question is, what are we expecting to be achieved and what is going on at the cathedral sized sheds at or near Musonoi Area 1?

Basically we need an update of what has been completed as everyone is really in the dark over this. No doubt our Chairman could explain in his own fine words but that is of no help unless backed up with actual individual results of what is remaining in the ground for each core. Some of the tailings will be in the Chinese owned area 3.

I'm uncertain as to where the assays are being carried out or maybe NONE are as the results are known. However, it is doubtful that results going back to the 1920s would be acceptable.

We can be sure Chairman Andrew Bell and his fellow directors want to play this difficult situation absolutely straight. Not unknown for companies to make several announcements of progress aimed at investors in such a way that a resource can be worked out and apologise later, not the way to go. Sirius Resources of Australia appeared to do this on Nova/Bollinger and I worked it out within 10%, it was reasonably easy. No point doing it on these 83 drill holes if it is not all there now.

83 Drill Holes at Musonoi Area 1

Table 2: Old drilling (83 holes, 83 Drillholes completed, 13,054.3m, 9 X-sections, 100m x 50m drill grid, oxide mineralisation targeted).

Pages 11 through to 17 has clearer photos:

Mineral Resource Classification:

JORC CODE:
The JORC Code was brought about after the catastrophe of Poseidon in 1970.

POSEIDON BUBBLE:


Reserve Bank of Australia [Attribution]

3 Aussie price bubbles:

[torp] 14/11/2019 13:58

Ettie: "A more suitable chart"

Just laughable. Cherry pick the tiny blip on the catastrophic 10 yr journey of share price devastation caused by this BOD and call it a more suitable chart. Priceless!
Strangely enough the RGM chart from 2010 is almost exactly the same as RRR's ! The only constant, the same Chairman and BOD running both shares.


You have to question the mentality of such desperation, the total psychological inability to properly confront and accept the truth of what has been done, the utter car crash that has been made of both companies for years. The £millions that the BOD have lost for shareholders and the £millions they have sucked out of the share just in Admin Expenses alone !!! It's as disgusting as it is tragic.

It beggars belief imho that one can treat ordinary people, PIs, investors with such utter disdain and disregard and feather their own nests at their expense and then think there is any place in British politics for them.


Just get on with the inevitable pithy Update RNSs and the following dilutive placing which most suspect will be coming to pay off the £1m Convertible Loan Notes due 19th Dec. Same old, same old.


DYOR

[noirua] 14/11/2019 09:01

Red Rock Resources PLC - Twitter

[kemche] 14/11/2019 06:54

Poor Ettie! And still they will not buy.
Bless.

[seagullsslimjim] 14/11/2019 06:45

you're going to need a bigger bit of bait than that Ettie!

Reel 'em in son!

[atinos auntie ettie] 13/11/2019 20:53

A more suitable chart. The 2015 consolidation is also a suitable starting point and today's share price is still above that level. Taking into account the profit-taking potential in that time Red Rock's share price performance has been more than adequate.

[noirua] 13/11/2019 13:19

Red Rock Resources PLC - Twitter



The share price, despite a fall since April 2018, is above the price nearly three years ago. Many took the opportunity to take profits in March 2018 on the run up.

KEFI KEFI KEFI

[torp] 13/11/2019 13:07

The private investors hold close to 40% of the shares so clear who is in control.

I can't for a second believe that those city boys care one jot about ordinary PIs
here.

£1m Convertible Loan Notes are due for repayment 19th Dec.

Where will the money come from?

Imho, another dilutive placing.

The share price here was 0.8p in Aug 2018. They did a dilutive placing at 0.51p last April and
today the Bid price is just 0.40p. The same catastrophic share price destruction that
has been seen with this share for 7+ years. Here's the chart from 2010 to
current date:




Nothing ever changes.

DYOR

[noirua] 13/11/2019 13:05

Hopefully the JORC resource will be available in the nick of time and send the share price over 1p and see all those CLNs converted at 0.8p each.

Completely out of RRR's control is the decision on the Mining License that needs approval from the Mining Minister in Kenya.

[clunes100] 13/11/2019 11:36

Well it is coming up to AGM time of year so hopefully some punters will attend to get us some answers.

It is also getting towards a year from the point that Bell said that some of the decisions were imminent.

The long suffering shareholders could do with some news - it seems that the indicators are all there but I hope they all coalesce into something workable before we run out of money, which won't be tomorrow but the longer the wait the weaker the RRR position.

[kemche] 12/11/2019 22:43

PMSL! Chutzpah in excess from the prospective candidate of the bluffereteers. Oh yes - they will vote for you alright.

Keep them coming EttieBell.

"With Regency Mines in a difficult moment created by my usual cackhandery in all things business related and then dropping junior right in the smelly stuff"

[atinos auntie ettie] 12/11/2019 21:53

As thoughts turn to 2020 and which shares to buy and hold for the proceeding 12 months look no further than Red Rock Resources, which is progressing the potential powerhouse Musonoi deposit and has ample backing courtesy of the Jupiter Mines investment. With Regency Mines in a difficult moment it may even be worth selling there to buy here.

[torp] 12/11/2019 21:30

Lol Noirua. Desperate man. All your facile Twitter links are in the Header why post them again? Other than to push others posts off the bottom of the page.

Sad

[noirua] 12/11/2019 18:53

Red Rock on Twitter




Share-Talk:

[torp] 12/11/2019 15:46

Just watch for the "oh so inevitable" Update RNSs that I guess will come in the next week or two. Watch for the usual suspects to begin a sudden flurry of ramping. Then you know it's "Placing Ahoy !"


30th Oct
"Red Rock Resources Plc . . . announces, that Pello Capital Limited has been appointed Joint Broker to the company with immediate effect"


"Cornhill Capital has rebranded to Pello Capital."



Same old

DYOR

.

[seagullsslimjim] 12/11/2019 12:37

Did someone mention British Bulls ???

oh dear!

I'll buy in just before the maiden ex-dividend date is announced

[torp] 11/11/2019 14:00

Where's the confetti Noirua?

Are we just waiting for the well worded Update RNSs ?

RNS 30th Oct:
"We have appointed Pello Capital as broker"


"Cornhill Capital has rebranded to Pello Capital. "


Same old same old

DYOR

[kemche] 09/11/2019 20:46

When all else fails invoke British Balls.

[noirua] 09/11/2019 15:19

Musonoi - Twigur -

[noirua] 09/11/2019 14:53

Bullish Harami Cross:

[noirua] 09/11/2019 13:19

19 September 2019 -
Red Rock Resources PLC (LON:RRR) expects to receive official confirmation of the grant of licences for its mineral assets in Kenya soon.

Mining Maven -

[noirua] 09/11/2019 13:08

Hargreaves Lansdowne - Red Rock resources RRR


Results for the last 5 years:

The next Annual Report is due for publication in December 2019 for the year ending 30 June 2019.

[torp] 08/11/2019 17:05

Readers should take great care to do their research here Noirua is a long
standing ramper often misleading people. He is badly down on his punt and
needs mugpunters to help him exit imho.

Noirua past quotes

29 Oct 2018 - " it would seem wise to consider buying in stock around 0.6p a share...your call"

29 Oct 2018 - "We can be assured that Chairman Bell and his board of directors are helping all
they can to bring about a reasonable electricity deal for Steelmin"

31 Oct 2018 - "RRR at around 0.575p to buy BUT not for long."

01 Nov 2018 - "Added a few more this morning."

01 Nov 2018 - "Still well cheap and under 0.6p is a 'come and buy me'"

20 Nov 2018 - "Cash in BANK £3.5 to £4 million"


As you can see he baited people to "get in" at 0.6p and today the Bid price is 0.40p, so utterly catastrophic "advice" for anyone stupid enough to fall for the
blatant pumping.

Also the Half Year Report to end Dec 2018 stated cash as just £27k so you can
see how badly Noirua mislead people with his ridiculous "3.5m to £4m" comment.

This is imho a dead duck. The company needs to find some £1m to pay back the
outstanding Convertible Loan Notes whose deadline is 19th Dec in about 5 weeks
time. The company also burns through c£850,000 a year just on Admin Expenses.

For me it's inevitable that they will dilute shareholders further in the coming
weeks and doubtless that is why the company has just announced its change of
broker to our old friends Cornhill.

I don't personally fall for Noirua's incessant misleading cherry picked stock
pumping but there are likely some that might.

Doing your research is vital.

.

[60000 muppets] 08/11/2019 15:42

For "opportunity" read "financial foolishness"

[noirua] 08/11/2019 14:42

There are just 595,000 shares on offer kemche, it your call.