Red Rock Resources Share Discussion Threads

[kemche] 15/9/2021 09:07

A liquidity event has ALWAYS appeared here. As regular as clockwork. Sometimes twice a year.

[kemche] 15/9/2021 09:05

He really knows his stuff.

[broken_arrow1] 15/9/2021 09:00

For info.

Red Rock Resources Twitter account re-tweeted this a few hours ago - the Oilplayer2009 account profile suggests the fellow knows his resource companies.


Oilplayer2009

#RRR (.60p) have significantly increased by position in @redrockresources - now largest holding

#RRR rose 20 fold a decade ago - all the signs are of material liquidity events & value enhancing corporate deals ahead #GOLD #COPPER

Shares were 1.35p in February - £7m m/cap - Cheap !

[algernon2] 14/9/2021 17:28

Did you buy them all Kemche leaving nothing for us?

[kemche] 14/9/2021 17:11

All the shares are now gone completely. None available whatsoever.

[broken_arrow1] 14/9/2021 15:54

Nothing available on-line now, not even 50,000 shares. Usually a positive sign.

A Fixed Price Quote is not available for this order.
By clicking 'Place order', it will be placed at best.

[mininglamp] 14/9/2021 15:09

Another interview from Caracal Gold today, again a director talks about doing deals with nearby licence holders, Red Rock is the closest and largest with 245 sq km.

"In the first instance we will grow in in Kenya"

"We know the incumbent owners of those licences, we will speak to them and do the right kind of deals"

This interview combined with the other 3 (one of which named Red Rock) makes it inevitable a deal will be completed shortly.

The window of opportunity is closing to get into Red Rock at current levels in my view, the re-rate will be a significant one when it comes.

[broken_arrow1] 14/9/2021 11:52

Only 250,000 shares (£1650) on offer currently then the price moves.

Mentioned last week the buy size limits have reduced significantly recently.

[noirua] 13/9/2021 13:25

It will be interesting to see if RRAL follows Wishbone in purchasing an office costing A$750,000. Or just maybe they could do a deal and share the same office.

[noirua] 13/9/2021 12:39

Jupiter Mines Limited ASX: JMS -

[kemche] 13/9/2021 12:11

Let's just have the fundraising for gawd's sake.

[noirua] 13/9/2021 12:04

As the Jupiter Mines share price falls further to 23.5c sales by AB and Co are looking far better in hindsight - some may counter punch and say the money was frittered away. AB might attempt a knock-out blow in retort but would he be successful of course in a witty manner?

[kemche] 13/9/2021 09:10

The naked shorts will burn. And so will the fully clothed.

[the_debt_collector] 13/9/2021 08:44

Fools and money are easily parted, the selling has more or less dried up and those out will regret it.

Woe betide anyone running a naked short position.

[m1sterx] 13/9/2021 06:33

If you know where to look Red Rock have said they have received multiple approaches re their
gold licences in Kenya.

Is a free carry combined with cash/shares and royalty retention coming soon ?

Caracal management meeting today.

[graylyn1] 11/9/2021 09:31

I hear what you say and it does make sense, but, until the recent drilling is completed Red ROck will want to wait to see what the drilling results add to the package which is why I do not expect a deal for perhaps up to a month.

Of course they could announce talks are in progress and discussion is underway.😃😃

[mininglamp] 11/9/2021 08:51

I do not agree that a deal is a while away, both companies are principally exploration companies, accept
that Caracal have a mine which producers a relatively small amount of gold monthly but their aim is
to become a major player in Kenya.

Caracal needs more exploration ground, they have acquired 2 drilling rigs, Red Rock has 245 sq km
where Caracal has only 50 sq km. It makes perfect sense for them to expand their landholding therefore.

Listening to the 3 interviews posted prior and recent commentary on their Twitter feed they clearly
state acquisitions are imminent and talks with parties are advanced.

It is also interesting they have 'liked' Twitter commentary which mentions a deal with Red Rock
makes sense and seems imminent.

All the excitement has been in the GCAT share price but Red Rock will have it's day pretty
soon IMO.

[graylyn1] 10/9/2021 15:39

A deal could be made in my opinion and the drilling to upgrade the JORC factored into such a deal, any deal will take time it won't happen overnight.

[m1sterx] 10/9/2021 14:08

The tight supply of stock in Red Rock right now suggests news is not far away, probably next week.

One wonders how short the book is in Red Rock equity - oh dear, someone could be in for a nosebleed.

[noirua] 10/9/2021 14:07

In my view, it is unlikely that any deal with any company would be made by Red Rock until another JORC resource is declared and more importantly whether it would be commercial taking into account depth and the set-out of the resource structure.

The type of drilling undertaken does not produce cores. It produces a pile of earth or rock indicated over a certain depth, say 5 - 10 metres at a time. The assays may be available reasonably soon after as this is a newer method of drilling.

The above method of drilling was used by Sirius Resources in 2012 for the Nova/ Bollinger copper/ nickel find at the earlier stage.

[mininglamp] 10/9/2021 11:23

I believe a deal between RRR and GCAT in Kenya is nailed on here, the market has yet to latch on,
those interviews were compelling, it also seems that Caracal Gold (GCAT) want to be a major player
in the region.

At the moment there is nothing in the Red Rock market cap to account for the potential in Kenya, ANY
deal will deliver upside to RRR, that upside may be significant.

I believe a mix of cash and shares could come RRR's way, Mr Bell has talked about a 2m oz gold resource
in Kenya, let us see what pans out.

Red Rock shares are silly cheap, if the Co was a new IPO without the historic baggage it could
easily warrant a £25m+ m/cap - currently £7.5m ?

[graylyn1] 10/9/2021 10:24

Bought a few GCAT and RRR think something may be cooking between them, just my opinion

[broken_arrow1] 10/9/2021 09:57

Only 500,000 currently at offer then it moves higher, that is with IG, Red Rock is 'at best' with some other platforms so far today.

It looks like it is about to move up.

[mininglamp] 10/9/2021 07:57

Caracal Gold statement today ties in with previous commentary about Red Rock nearby mining
licences. I think some deal is nailed on so the window of opportunity for getting into Red Rock at
current levels is closing IMO.


Advanced negotiations on the potential acquisition of several previously identified, complementary
and strategically located gold mine and development projects in East Africa



Noirua

Thank you for adjusting the header, it is better, I think your recent purchase of RRR will be well
rewarded.

[the_debt_collector] 09/9/2021 12:20

RRR is cheap whichever way you look at it, the recent broker coverage was very conservative yet still offered a target price of 1.6p.

The above number took no account of ongoing exploration upside either.