Red Rock Resources Share Discussion Threads

[mininglamp] 11/8/2021 15:33

According to today's interview Andrew Bell says, quite clearly, that there is no need for funding.

'we are not planning any financing'
'we have plenty of money for what we need to do'

The gold prospect in Kenya looks very interesting to say the least, if the CEO was not so unpopular in the
market the value of Red Rock would be far higher IMO, therein lies the opportunity.

[neo26] 11/8/2021 13:36

Whats happening about migori?I think bell bringing the begging bowl out again?

[kemche] 11/8/2021 11:27

He does appear to have a way of schmoozing the gullibles to continue supporting him in the face adversity which he himself created! They then go on to become lifelong sycophants. No one in particular in mind of course.

[grimreaper2019] 11/8/2021 11:11

Bell has 5 months left to deliver a 'transformational year' or he will surely face the boot at the next AGM when he is up for re-election.

[kemche] 11/8/2021 10:59

Of course not! Where is the "admin" in that?

[the deacon] 11/8/2021 10:54

In-specie distribution of RRAL if it is to be UK listed?

[kemche] 11/8/2021 10:10

"number one hope".

So no hope then?

Just get the fundraising done FFS!

[noirua] 11/8/2021 10:03

The very late RNS yesterday evening appeared neither here nor there. Still quite a way from increasing the JORC resource in Kenya but remains Red Rock's number one hope.
Due to this expenditure and further costs in DRC and Australia sale of remaining JMS shares looks likely and the Juno shares are 20% down on the price paid.
The sale of Kenyan assets with the low gold price isn't likely except as a fire sale. Floating of the Aussie gold interests would not be timely at present.

[neo26] 06/8/2021 23:04

Here the ceo is iffy

[mininglamp] 06/8/2021 16:01

I do not see anything negative concerning the ongoing projects in Congo or Kenya, look where RRR gold licences in Australia are for example (link below)




My take on the weak share price is it is down to market conditions, plain and simple, one stock to
compare share price wise in ORR, the price hit 1.95p in February it is now only .50p, there are
many other examples.

The market in minnows like Red Rock is fickle, from hero to zero and back again is the norm on AIM.

[noirua] 06/8/2021 15:42

Trust in the eventual outcome of projects is the main reason for negativity here. As to what the share price should be is your call.

Luanshimba is the second interest and Musonoi that was reported to be so good seems to have faded away - at least not mentioned.

£1 million was raised at 1.05p a share mainly for RRAL. Seems to be progressing but the market in gold explorers in microcaps is very weak and the market looks to be expecting this one not to float in the short term.

The Jupiter investment looks puzzling as it's not known how many shares Red Rock has that are not held against loans. Also, interest on loans was due monthly from June 21. Is Red Rock still selling shares?

The big hope is Mikei in Kenya where the JORC resource is expected to improve on the drilling campaign. Costs are ongoing but just maybe it will come off.

So there we goes. You can look back on Red Rocks' previous interests and the outcomes have been far from good. Excepting Kenya that appears to have risen from the ashes.

[grimreaper2019] 06/8/2021 12:05

One has to ask the question how short is the book, RRR under Bell, has been a
rolling short for market participants for years on end, market makers
continually selling forward the next placing.

This time it may be different, the short positions could get a burn,
Bell cannot issue shares without shareholder approval. This is a significant
turn of events, one wonders how many are aware of this scenario, let's face
it city spivs are as thick as horse $hit.

News-flow + a possible volume surge could squeeze shorts hard leading to strong equity
upside.

It is also interesting that Red Rock has been upside backed by a few 'names' usually
associated with the bear tack.

[kemche] 06/8/2021 10:02

News richness soon.

[mininglamp] 06/8/2021 09:38

Red Rock changed their Twitter header overnight to show copper rock porphyrys, is this a clue of whats to come from Congo, have they hit the jackpot ?

I cannot understand why this stock is not being bought aggressively, it has multi bag potential + a news rich period is approaching

Another recent interview suggests the copper project in the Congo could be company changing.

[the_debt_collector] 06/8/2021 08:26

Nothing much available online today, looks like some positive news is inbound, drilling news from the Congo maybe, the drills have been turning around 1 week now.

They suggested the Congo Copper Cobalt project could be transformational for Red Rock shareholders.

[greekhovel] 05/8/2021 22:11

News coming soon !

[the_debt_collector] 05/8/2021 20:04

The decline in the share price is simply a reflection of market conditions for sector juniors,
with drilling results from Congo expected, Kenya about to start soon and the IPO of the Aussie licences upcoming now is the time to buy.

It is very clear they expect Congo to deliver significant shareholder value.

[kemche] 05/8/2021 16:54

'we are at the beginning of a re-valuation of Red Rock' - and not for the first time.

Fundraising soon?

[mininglamp] 05/8/2021 15:55

Following on a little I noticed there were a few recent project related interviews.

In the one below, right at the end AB says 'we are at the beginning of a re-valuation of Red Rock'

So one would expect to see some upside ahead, he talks about 2 projects drilling and listing other projects on various exchanges.

[mininglamp] 05/8/2021 14:46

I see a few tweets from AIS Resources concerning their very prospective licences in Victoria - the Red Rock & Power Metal JV are nearby - look how close the 4m ounce Fosterville Mine is to one of Red Rock's licences.

I am really surprised the share price is so low and so little investor interest there is in Red Rock, sometimes 'dog stocks' can deliver very meaningful returns, that remains to be seen of course.

The share price is off nearly 50% since March.

[noirua] 03/8/2021 01:44

Jupiter Mines Ltd (JMS.ASX)
2 August 2021


-----

It looks like nearly all change at Jupiter Mines. It now becomes obvious why the Chairman and CEO of Jupiter Mines were buying shares and that seems to be because they were attempting to safeguard their positions and/ or interests. Major shareholders Ntsimbintle and AMCI to wield more influence.

[noirua] 02/8/2021 19:15

Gold supply:

[noirua] 02/8/2021 19:07

Commodities Corner: Iron Ore in Freefall
1 August 2021

Fortescue said its 4th quarter average price was $US168 a tonne because of the record highs in the three months. Friday’s close for 58% few fines – Fortescue’s main product – slumped to well under that level at $US146.61 a tonne, which was only $US9 a tonne above the company’s full year average price of$US135 a tonne.

[noirua] 31/7/2021 14:07

Weekend listening:
Max Keiser & Gerald Celente: A BIG Crash is Coming
29 July 2021

[noirua] 31/7/2021 00:23

kemche, oily servility was never your strong point except in unctuous jest lol. What my position is regarding Red Rock would definitely surprise you though I can smile and occasionally laugh at your joviality - good luck...the comments on Bitcoin were less far away from the truth than the words of Thomas Jefferson would perceive.