Red Rock Resources Share Discussion Threads

[affemoose] 15/9/2021 21:20

hilarious.... the reason why it isn't worth the electrons this message consumes is..... it's a crock o SSSS fella.

Consistent appalling deal-making in dirt grade deals and exceptional 'Admin' spend makes this share utter garbage

Not junk.....Garbage. there is no hope.

AVOID. read the history......it is long and dismal. Seriously ... look back. If memory seres there is 1 (ONE) deal that made a profit. Uranium, everything .. and I mean EVERYTHING, else is garbage, categoric failure.

the shares structure between this and Bells other directorships mean he is never held to account, he votes himself in.

Lifestyle company.

[mininglamp] 15/9/2021 16:18

The most recent interview Red Rock has said they will not be over promotional but let the news
do the talking, also implied that any re-rate would be sustainable based on the quality of
the news.

It does look like something material is about to hit the market, whatever, the sum of the parts project
value far exceeds the current market cap (£8m) by many multiples + Red Rock is significantly
undervalued to peers.

[kemche] 15/9/2021 15:39

Lemon royalties.

[kemche] 15/9/2021 15:37

Money from Cyprus, RRR Coal, Shyte Creek clean up costs, Sweets factory, Greenland, Amulet, Steelmin.

[aussiebeach] 15/9/2021 15:18

News is overdue across the entire project suite...

Drilling in Kenya
Drilling in the Congo
IPO of Aussie licences

All expected anytime

Possible corporate action in Kenya

Any one of the above could deliver a material valuation, no wonder the shares are
getting harder to buy.

[mininglamp] 15/9/2021 13:46

Interesting that Caracal Gold continue to talk about their aggressive licence acquisition programme in Kenya (they have mentioned Red Rock who are nearby)

They have now recruited another exploration geologist, looks like they are poised to do deals quickly.

[kemche] 15/9/2021 12:58

CRCL have Burwell and WOWO which will also help the shares held by RRR.

[the_debt_collector] 15/9/2021 12:57

I have been saying for many months Red Rock will materially re-rate and have given many
reasons as to why.

The Kenyan gold licences are probably worth double/treble the current m/cap alone, the
recent IPO of Caracal Gold has confirmed as much, their m/cap reached £20m this week, their licence
near Red Rock in Kenya is 50 sq km verses RRR 245sq km.

The current EV of Red Rock is a mere £4m, a fool can see that valuation is far far too low.

My near term target remains in the 2.5p - 3p range therefore.

[noirua] 15/9/2021 12:51

POW has taken an interest in uranium tenements that are flavour of the month. So the rise in POW will benefit the shareholding of Red Rock.

[kemche] 15/9/2021 12:48

If gold goes to $24,000 then these would be £2.65.

[noirua] 15/9/2021 12:40

Hopefully, Red Rock will bounce. However, the forecast of 1.6p was made by now an in-house broker so can be disregarded.
Forecasts in the past have been as high as 24p equivalent to 'a' today's price of 450p.
If all goes well on all drilling and gold hits $3,000 then RRR could hit 10p. If all drilling is disappointing and gold goes under $1,500 then RRR could hit 0.1p

[aussiebeach] 15/9/2021 11:56

The shares were 1.4p not so long ago, from what I can see there is no reason why they should not
return to that level, many of the resource juniors seem to have bottomed out and are starting to bounce.

Here is the link to the recent broker note that has a target price of 1.6p

[noirua] 15/9/2021 11:22

Hopefully, the mining sector as a whole will recover its poise. The gold sector, in particular, is under the cosh and put the kibosh on the Canadian IPO of RRAL - my view is to hold off. My present holding of RRR shares is only 430,000 so nothing to be too bothered about.

[kemche] 15/9/2021 10:25

My target is 16p.

[the_debt_collector] 15/9/2021 10:16

Oh dear the share price is going up, that will not please the plums who
bash away here daily.

Of course the bashers would not want you to know about the recent very
conservative broker target price of 1.6p would they.

[noirua] 15/9/2021 10:01

Plus gamble points remain drilling currently in Kenya and whether RRAL will float. The outsider is Luanshimba in DRC.

Negatives are the falling price of Jupiter Mines now at 22c. 6,250,000 are held against loans and more shares may have to be transferred to cover them. Chairman says enough cash to last to the end of the year so cash-raising required short term.

[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.