Red Rock Resources Share Discussion Threads

[noirua] 10/7/2021 11:53

The Company’s issued share capital consists of 1,216,708,801 Ordinary Shares of 0.01p each with voting rights. No Ordinary Shares are held in treasury. Market cap at 0.825p = £9,815,420.

Shareholder transactions in Red Rock Resources PLC


Red Rock Info:

Noirua list 22 March 2021
Red Rock Resources Plc, the natural resource development company with interests in gold, manganese and other minerals, announces further to its announcement of 1 March 2021 that following fulfilment of the shareholder approval condition the Company has now issued the 101,550,000 new Ordinary Shares of 0.01p in the Company ("Shares") at a price of 1.05 pence per Share due to Kansai Mining Corporation Ltd ("Kansai") or its nominees in settlement of the acquisition of Kansai's remaining beneficial interest in the Mikei gold project in Kenya (the "Purchase").

Charles R Topham ----------- 204,147,627 shares ---- 16.778%
?Kansai Mining Corporation - 101,550,000 shares ----- 8.346%
?1620 Capital --------------- 70,000,000 shares ----- 5.753%
Andrew M Bell Chairman ------ 42,791,137 shares ----- 3.517%
John G Bolitho -------------- 38,357,187 shares ----- 3.152%
Andrew N Jones -------------- 36,582,457 shares ----- 3.006%
-
Holdings last notified when they fell bellow 3%
Peter Gyllenmammer --- 19,800,000
James Asquith -------- 19,436,000
Stephen T Cochrane --- 14,743,736
Harambou Christoforou- 13,588,958

[kemche] 09/7/2021 15:09

General opinion IMHO - ' NEARLY OUT OF CASH '

What an absolute shocker. This must be the first time in the company's entire history!

[noirua] 09/7/2021 13:00

The price of 62% Fe fines delivered to northern China finished all but steady on Tuesday at $US222.37 a tonne (up three cents). That’s below the all-time high of May 12-13 around $US237 a tonne.

[kemche] 08/7/2021 12:01

Thanks Noirua. - fascinating video.

[noirua] 08/7/2021 11:18

Soma Gold video now in the header. Click on 'watch on YouTube'.

[noirua] 08/7/2021 01:15

I'm not too sure myself how this will go in the very short term as there were 3 sells yesterday totalling nearly 4 million shares balanced by 2 buys for nearly 4.4 million shares.

[broken_arrow1] 07/7/2021 08:38

The book has changed enormously over recent times, 2 weeks ago you could buy 2.5m RRR
under offer, today there are only 500,000 shares sitting there before a price movement.

It does look like the bulls have it.

If the momentum is maintained there could be a material share price movement, one to keep an eye on IMO.

[the_debt_collector] 06/7/2021 22:46

The last few remaining bears still posting are going to look VERY
stupid shortly.

[noirua] 06/7/2021 21:10

Interview with Andrew Bell at the bottom of the page:

[kemche] 06/7/2021 16:37

Do we still have our shareholding in CRCL? They'll be worth a lot.

[greenpastures2] 06/7/2021 16:33

That was what thought in 2017 but then a steelmin investment went to zero and the other projects didn't seem to progress much. Jupiter was the only one that was a success.

[the_debt_collector] 05/7/2021 15:07

For any doubters this tweet tells you why RRR is a BUY - they will shortly IPO their project
in Victoria - the CEO thinks their 50% stake will be worth in excess of £20m - current m/cap of
RRR is only £10m

One peer company is valued at $300m !


Outback Goldfields

@Outback_gf

Recent #exploration in Victoria has generated significant value for our peers, which makes
us even more excited to explore our 1100 Hectare land position in the area.

[graylyn1] 05/7/2021 09:50

The value and prospects here are quite outstanding imo.

[m1sterx] 05/7/2021 09:06

Bulls seem to be in command here now.

Red Rock needs shareholder approval to issue shares - in a earlier interview Mr Bell stated the
company had more than enough cash to complete the drilling programmes and a runway to
year end, also has options to raise more cash via asset sales if required.

Stocks like Red Rock can move disproportionally on the AIM.

[the_debt_collector] 05/7/2021 08:55

Very bullish comments via media concerning Red Rock from the Exec Chairman
and re-iterated by POW CEO Paul Johnson

"We are at the beginning of a re-valuation of Red Rock"

Andrew Bell - 30th June 2021


"Based on the valuation of listed peers who have a focus on the Victoria
Goldfields, Power Metal believe the Victoria Goldfields JV to hold
considerable value for the Company and our partners Red Rock Resources plc.

Paul Johnson - June 2021

[flughafen17] 05/7/2021 08:08

AIM punters only buy stocks like this when it has already risen 50%+ or is top of the riser leader board, most could not see value if it smacked them in the face.

[the_debt_collector] 05/7/2021 07:58

Climb onboard for the next AIM multi-bagger folks.

The shrewd have been building positions in this pretty illiquid stock ready for the dynamic upside that will shortly arrive.

2p - 3p is probably a conservative target when the Exec Chairman has a £100m m/cap number in his mind - equates to 9p a share.

[kemche] 04/7/2021 22:25

"It’s natural for people to goad us for quicker results: we accept the compliment implied in that they like our assets and like what we are doing. Even their
impatience is a compliment as well as a spur."

Utterly devoid of any shame.

[greekhovel] 04/7/2021 21:00

Andrew Bell responds to short delays on RRAL TSX listing and delivers a positive summary about the other projects...


If anyone can persuade the Australian (and particularly the Victorian)
authorities not to keep jumping into lockdowns it will speed up our subsidiary IPO no end!
We really can’t be held responsible for that,
and the whole world knows what’s happening there.

One example. We made applications for key ground last year, yes.
We got a geological report done for the listing, yes. We’ve pulled
a team together, yes. But…. we have always said that to list we needed
a critical mass of applications going through to grant. To be credible,
we need to list on the back of granted licenses we can write about
in a prospectus, and can explore. And with the Govt Department all
sent home, and also unable to recruit to deal with the expansion of
activity, there were repeated delays. Unsurprisingly.

I think we’re a stronger listing than – even with grant – we would have
been a year ago, so the time wasn’t wasted, and we are now moving
forward with enough licenses now granted.


This whole part of our business was created – from nothing – last year so
if people think it’s very valuable (we agree) we’re flattered.

We now have two drilling programmes either just started or about to
start in Africa. We got our Kenyan gold licenses back last year
after prolonged litigation and now control them entirely. We subsequently
updated our JORC Resource, and are now drilling to improve it. In DRC 
results on our 80% owned greenfield copper-cobalt project have
been sufficiently good that we are now drilling it.

There’s more too, but our assets are working assets where the value
only comes through what we’ve done and what we’re going to do. When
people say we’re cheap, what they should say is that we have put
together projects with real upside.

Cheap I don’t know. What is cheap? I can find many companies in our
sector with huge potential upside, that may on certain assumptions
be very undervalued. Cheap to some shareholders (not you) implies ‘do a
quick deal if you can and get an uplift’ (what, 30-50% or even 100%?).
But when we think upside we think of building value, of creating an
increase of one or two orders of magnitude. IPOs, like exploration, must
be done right. Timing has to take second place to strategy.

We are playing for big prizes not small. Every asset we touch we want to
see come into production, as El Limon, as Tshipi, came into production
(and from both we continue to derive benefits).

Every asset, every opportunity, that is in the company was put there
by us. Every IPO in prospect is created by our planning. It’s natural for
people to goad us for quicker results: we accept the compliment implied
in that they like our assets and like what we are doing. Even their
impatience is a compliment as well as a spur.

I shall expect one in return when we hit 2p. And 3p. And 5p. And 10p and
any multiple of that!

[graylyn1] 04/7/2021 16:12

and don't forget the Australian IPO, plus the DRC Copper prospect where they are now drilling. All in all RRR are at an inflection point and I think we could see 2p or 3p very quickly if the drill bit is kind, dyor etc.

[goldenshread] 04/7/2021 13:09

I try to find undervalued and unloved stocks and having listened to the podcast (below) I think Red Rock fits into my category and have been buying.



The Kenyan gold project looks particularly interesting, looks like they have 750k to 1m ounces JORC resource, I have witnessed spectacular share price rises with other juniors when drilling results continue to build confidence.

Red Rock are active with the drill bit now.