Red Rock Resources Share Discussion Threads

[kemche] 23/3/2021 09:58

60k, the money is stuck in Cyprus as you know very well.

[60000 muppets] 23/3/2021 09:48

Has the coffee been sold yet ?

[kemche] 18/3/2021 16:13

When was the last time we received a royalty from Lemon and how much was it? Enough for a round of golf and a slap up dinner for Bellend?

[noirua] 18/3/2021 14:45

El Limon Deep:

Soma Gold Updates Exploration Results; Highlights Include 0.6 Meters @ 50.4 gpt and 0.3 Meters @ 23.0 gpt
18 March 2021

[kemche] 18/3/2021 12:35

"It looks as if a large delayed sell went through"

Was it your's Noirua?

[kemche] 18/3/2021 12:34

The catalyst here will the eventual sale of Greenland, Shyte Creek, Steelmin and Amulet.
Then whoosh.

But a fundraising first.

[noirua] 18/3/2021 11:36

It looks as if a large delayed sell went through in the last 20 minutes. Maybe the reason for the drop.

[the_sage1] 18/3/2021 09:30

Red Rock riding on the coat tails of 'popular' Power Metals is clearly very beneficial, RRR is a cheap entry into a very promising Aussie gold prospect, the recently acquired licences are in a very well endowed gold region in Australia.

There are a number of catalysts for a material re-rate here IMO.

[noirua] 17/3/2021 18:49

News from the states has spiked Bitcoin, Gold, and Silver. If it holds then that is upbeat for Red Rock's Australian assets.

[donaferentes] 17/3/2021 08:47

Seems to be coming together v nicely. What effect on share price will RRAL's IPO have do you think? Should be positive, but how big?Will RRR retain a share in it? Or just the directors? Could be a continuing royalty arrangement, I guess. Has there been anything published how this would work?

[noirua] 17/3/2021 08:36

Exploration work continues on the ground under the direction of Dave Holden and his team in Ballarat.
Further to our announcement of 25 September 2020 announcing his appointment as Exploration Manager, we now welcome him onto the RRAL board. Jack McInerney, with four years of regional experience at the Ballarat Gold Mine, also joins RRAL as an Exploration Geologist.

-- Following grant to RRAL of its first three gold exploration licenses in Victoria, announced on 2(nd) February 2021, a further two licenses have now been granted (EL007327 and EL007385), with others in process of application.

[kemche] 15/3/2021 09:36

It's been a while since we had the old Manganese prise ruse.
Good man.

[donaferentes] 15/3/2021 09:35

thanks Noirua - some comfortwhen did any miner get things done quicker than planned!

[noirua] 15/3/2021 09:29

Manganese Price: Week commencing 15/03/2021 - US$3.70 (Last week - US$3.69)

[noirua] 15/3/2021 09:26

JUNO MINERALS IPO TO PROCEED ON DELAYED TIMETABLE
15 March 2021

A General Meeting of Jupiter Shareholders will be held by the end of April to re-approve the capital reduction and demerger. The proposed ASX listing of Juno is expected to be completed in May.

[donaferentes] 13/3/2021 17:45

Maybe POG can lift our spirits here a little.
Although I’m not happy with the recent drop in SP, looking again at the 3 “irons in the fire” of Oz, Kenya and DRC, news from any one of them can lift the share price back to at least the last placing price of 1.05p as a base from which to watch further progress with a little more equanimity.

(Speaking as a Johnny-come-lately to that party at average 1.06p)

[kemche] 13/3/2021 11:58

Please can we just have another fundraising?
Please?

[noirua] 13/3/2021 11:39

The gold price has weakened so much that it is my opinion that thoughts of a float of Australian assets on the TSXv will likely be shelved for the time being.

The Kenyan policy of first raising the gold grade is in place and efforts to widen the JORC resource further at 1.7g per tonne. This effort looks OK even with a lower gold price.

The copper interests in DRC are a bit puzzling as Musonoi should now be on the bidding table. Looks as if RRR is saying nothing that helps in this delayed situation for investors to fear the worst.

Jupiter is unfortunate as this is not RRR's fault it is the MD of Jupiter who should have been on the ball over the iron ore IPO - not good enough.

The general smaller mining sector involved with gold has sagged under the collapse of the gold price. The turn always comes but the sale of these shares to have a punt in Crypto miners is a big lure. The bitcoin boom may not fade for awhile until October/ December this year. Then they will all flood back in - that's a hope of course.
Meanwhile, shares like POW, with warrant conversion price problems, maybe under further pressure and just might test 1.5p. RRR has a few big investors who appear to be holding firm at RRR as they see a much bigger picture down the line.

[kemche] 12/3/2021 14:05

Alas it will be much much later than EttieBellend.

[donaferentes] 12/3/2021 14:01

When do you expect your reward - this side of heaven or the other?

[kemche] 12/3/2021 11:53

I continue to average down all the way to the next inevitable fundraising.

Roughly 3 a year is the average.

[donaferentes] 12/3/2021 11:44

Chartwise, we are just barely holding on to our 0.90p floor, still well in the Feb down channel. Some solid news as ever would be v welcome.

[kemche] 11/3/2021 09:13

Another fundrasising?

[noirua] 11/3/2021 09:08

The price of gold is a critical factor for Red Rock Resources and the Jupiter debacle is unfortunate even though a reasonable dividend will arrive in a few month's time.

Hopefully, the gold downtrend has reversed and left an opening to float the Aussie assets on the TSXv later on this year.

Kenya looks like a well-established exercise in increasing the quality of the gold resource and letting the illegal miners pick up some gold and keeping all happy and jolly, of sorts anyway.

The gold royalties from Soma's efforts to mine at El Limon are a matter of speculation and jollification. Anyway, there should be some golden specs arriving upon the desk of AB.