Red Rock Resources Share Discussion Threads

[yasxii] 19/10/2021 11:28

It looks like the Stockbox Q&A session may have been pulled, it is no longer being
promoted and has left the pinned area of their Twitter feed.

One wonders if the questions that were sitting on the site from investors were
too unpleasant for Mr Bell, let us say some were anything but complementary and others
very challenging.

[noirua] 19/10/2021 11:01

It is very difficult to work out a correct price for Red Rock Resources.

I suspect some investors see the situation as 'SAME OLD SAME OLD' in respect to continually moving on to new projects. The old ones either never reach fruition, end in losses, or cast to the wayside as if they never happened after being confidently hyped by Chairman Andrew Bell in podcasts. Basically one becomes unbelievable at some stage. Can himself change all that - the market thinks not and sadly that is that at least for the time being.

[kemche] 19/10/2021 10:33

We could really do with another RNS.

[grimreaper2019] 19/10/2021 10:25

Red Rock share price continues it's slump into the gutter despite Weasel Bell suggesting earlier this
year a material re-rate was coming in 2021.

Well I do hope the major shareholders like losing their cash, only one reason as
to why, Bell himself.

Tick tock to the AGM, he needs to go.

[noirua] 18/10/2021 10:21

Today's Côte d'Ivoire announcement for an application for tenements is broadly neutral to ever so slightly negative due to future costs if successful. If markets improve sharply that changes matters but for the time being it does not.

[kemche] 17/10/2021 11:56

Question: "Ettie, Are you planning on breaking the habit of a lifetime and deliver shareholder value at RRR? Like EVER? And will you be needing "Admin" again soon?"

[grimreaper2019] 17/10/2021 10:36

Weasel Bell is offering himself up to a Q&A session via Stockbox media, one wonders if
any hard questions will be asked but it's possible, Bell the master of bluff
will sweep them all aside with excuses and nonsense no doubt.

The clock is ticking down for Andrew Bell, surely, surely, the major shareholders
who have circa 25% of the issued capital will vote him out at the next AGM if he
does not deliver the value he said he would at the start of the year.

Ask your questions here....

[noirua] 14/10/2021 10:32

Power Metal holding is 45 million shares with 20 million of those held by loan providers.
The 45 million shares show Red Rock a paper profit of £510,000 at POW 1.8p.

[noirua] 14/10/2021 10:29

Juno Minerals holding is 1,216,108 shares. ( includes additional shares purchased ).
Juno shares have plummeted to 11.5c from the IPO price of 25c. Showing RRR a paper loss of £87,300.

[noirua] 14/10/2021 00:51

Kenya is different and just how many miles the tailings would have to be trucked is a factor. Remembering DRC is one of the world's largest countries and 100kms isn't a great distance except for costs over rubbish terrain.

[noirua] 14/10/2021 00:45

The copper price rising is always good for producers in the sector. I'm sure AB must agree 'Red Rock have no copper at present'.

[mininglamp] 13/10/2021 22:23

Good for Red Rock in Congo.

[mininglamp] 13/10/2021 09:33

Red Rock are promoting the Kenyan gold project aggressively on Twitter over the last few days,
one wonders if they are hinting that something material is about to come.

In the Twitter video on the project they say there is a operating plant close to their tailings project
(they show the location) which contains 68,000 oz of gold (worth $120m) they say the tailings can
be trucked to this plant.

Having checked carefully it appears the plant is the one owned by Caracal Gold. It continues to
suggest some deal is about to be done, Caracal have said they are close to announcing a corporate
deal near to them.

So are Red Rock about to announce a toll mining agreement with Caracal, if the strip ratio & costs are
50% and the deal is 50/50 it would deliver $30m to both companies.

[greenpastures2] 13/10/2021 08:11

I wish you well Noirua with this investment. I will stay on the side lines for now. There have been too many failures for me to have any confidence the projects left will be much different. I could be wrong of course and it has be to be expected that small explorers will have a number of failures but some of the RRR failures strike me as a result of incompetence.

[noirua] 12/10/2021 21:29

greenpastures2 et al, You are quite right and I've learnt a lot since early 2017. Torp and kemche and a few others were negative with me almost always positive. After all I had quite a lot running on it.

In 2018 I was dead lucky and sold out with a substantial profit. Unfortunately putting in more cash in late 2018 was wrong as the share price went down and down. We were not to know that Torp and kemche were right and the shares hit 0.18p down from 1.35p. At that time my holding was 7,250,000 shares and a paper loss of £32,000.

Fortunately my average price was low after buying a lot of shares between 0.2p and 0.25p. My shares were sold, except for 280,000, from 0.35p up to 1.22p so quite a good profit in the end.

My present holding is low and probably at a marginal profit though it's difficult to work out and as they were all in a SIPP and ISA there's no real need to do so.

Now with the old soldier Torp missing without leave it's only fair for me to take a neutral role seeing both sides. It's perfectly understandable that others with money in the game to only want positive opinions and information. Tough cookies as I'm neutral and will post both sides until he who has gone AWOL returns.

Good fortune to all anyway.

[kemche] 12/10/2021 16:26

TDC is a basher and was telling everyone that "this company is a total avoid."

He was bashing CRCL at 3p and now they are nowhere near that.

He always expects news richness and it duly arrives.

He is known to work for spiv brokers and is an entity.

etc.

[mininglamp] 12/10/2021 16:06

For what it's worth I believe Red Rock are on the cusp of announcing some deal
in Kenya, there have been many clues - it would make perfect sense to do a JV
with Caracal Gold who have bought 2 drilling rigs and have production capacity,
Red Rock also have tailings which contains 68,000 oz of gold, these could
be trucked to the mine.

Let us see how this plays out, the constant bashing and bulletin board nonsense
is probably for a reason.

On every metric Red Rock is cheap, the recent broker note, which many deemed
conservative, offered a price of 1.6p BEFORE any deal or JV.

The current price, down from 1.35p in February is a no brainer in my considered
opinion.

[the_debt_collector] 12/10/2021 15:45

The plums do not have any shares in RRR, simply hold a grudge with the company,
they were bashing when the price was 1.4p earlier this year, they will be
bashing whatever the share price is.

In a nutshell they are pathetic, Noirua has no understanding of market matters
and absolutely nil knowledge on the mining sector.

Both were bashing Corcel when I arrived on that bulletin board, the share price was around 1p but rose quickly to 2.7p at one point.

Buy low sell high and ignore the trolls, buy when the sector is on it's knees (like now)
and profit when it bounces.

[greenpastures2] 12/10/2021 15:15

You spend a lot of time on an investment worth only £2,500 Noirua.

[noirua] 12/10/2021 15:06

Anyway, unlike Torp and Kemche I see RRR as a fair high risk punt at 0.45p to 0.55p. The high risk is if Kenya drilling shows no improvement in grades, the Aussie IPO fails to happen and DRC results are not commercial. So if one does not mind losing all their investment for hoped for good results then great. RRR shares are down about 60% a bit worse than the average in the sector.

Personally I have a small holding of 430,000 shares but will definitely not risk more - just a gamble.

[kemche] 12/10/2021 14:38

"No matter how much money this company receives via asset sales or dividend it will always be squandered on the next 'must do' project - not forgetting director remuneration."

Sound assessment.

[kemche] 12/10/2021 14:37

"Many take the view this company is a total avoid."

Luckily I took his advice and stayed away.

Sound judgement.

[the_debt_collector] 12/10/2021 13:58

What a bunch of bashing plums, having to go back to a post made well over 2 years ago, things
changed at the last AGM when Bell had his wings clipped, no longer can he issue shares like confetti
or do must do deals, those days have long gone.

In the meantime the sector is in the doldrums and RRR share price has performed entirely in line with
other minnows, wise folk are already looking for the sector to bounce, when it does so will RRR.

Buy low sell high, unlike Noirua & Kemche who most likely bought at the top of the last bull market when
the RRR share price was 3p+