Red Rock Resources Share Discussion Threads

[ianpuddifoot] 17/7/2021 17:16

your point

[noirua] 16/7/2021 13:56

I suppose some can feel reasonably content if they bought some RRR at 0.2p and see a paper profit at the bid price of 0.75p equalling 275% - thank you AB.

Some may have purchased some time ago at over 400p and see a paper loss at a bid price of 0.75p equalling 99.8125% - ( ಠ益Ń2;) - 凸(-0-メ) - ᕦ(ò_óˇ)&#5476; - (>人<) - (◣_◢) - AB.

[noirua] 13/7/2021 13:11

Elephant Oil shareholders appear to have given up half their shares for the flotation to raise C$2 million. The reason RRR's holding has halved. If the C$2 million is raised at no premium then RRR's shares may be worth about £106,000 close to the £137,500 put on it by Red Rock. The oil share market is bullish so maybe they will do better.

[kemche] 13/7/2021 10:37

Ettie should do another video.

[failedqs] 13/7/2021 10:32

Correction to 11148 - I think the value of the holding will be "in the region of a million", forgot to take account of the consolidation and reduction in number of shares.Still a great return though.

[noirua] 13/7/2021 09:51

6). Elephant Oil Corporation - 362,318 shares.
The Board of the Company is pleased to announce that the Company has received an offer (which it has accepted) in respect of its shareholding in EOL to exchange its shares in EOL for shares in Elephant Oil Corp. ("EOC"). Red Rock will receive one-third of a share of common stock in the capital of EOC for each ordinary share held by the Company in EOL resulting in the issue to Red Rock of 362,318 shares in EOC. EOC is expected to IPO on the NASDAQ in September 2021.

Andrew Bell interviewed underwater.

Elephant Oil Corporation on Twitter:

Elephant Oil Corporation is a Private-Public Company.

Red Rock held a small 4.76% interest in Elephant Oil Limited costing £275,000. It has a carried book value of £137,500.

Elephant Oil Corporation:

[failedqs] 13/7/2021 09:30

Remember, Elephant Oil will float on NASDAQ this month or next month, and RRR will be able to dispose of shares if they want to raise cash in the market. Not sure of the value of the RRR stake but it's in the millions if the float goes according to plan.(I should stare for the record I am a shareholder in Elephant Oil, and also RRR.)

[kemche] 12/7/2021 11:06

Yes. That.
And of course "Admin".

[noirua] 12/7/2021 10:19

the_debt_collector et al, RRR will probably run out of cash at the end of October unless shares are sold in Jupiter or Corcell. If they are able to put off converting their Power Metal warrants due to insider knowledge then they will have enough cash to the end of the year - they could sell the POW shares converted.

RRR is unlikely to leave the cash situation as it is until the end of October.

It is going to be a close call to get the flotation of Red Rock Australasia away on the TSXV before the end of October. The gold microcap sector is not strong at the moment except for a very few.

Kenya results will be slow coming in due to the coronavirus situation slowing matters up. Especially in South Africa.

[the_debt_collector] 12/7/2021 08:38

Bell said recently on a interview they had cash to year end including enough to complete the drilling programmes.

[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.