Red Rock Resources Share Discussion Threads

[noirua] 22/3/2022 08:37

Normally I would say drilling results announced today at Mikei are rubbish. On the other hand, they should double the JORC resources but not improve the grade of the second issued resource - today being the third announced drilling results.

It will take some careful looking at but if the gold price pushes on to the expected $2,300 level there should be value in it. How much at that level? Well flogging it lock stock and barrel I'm not sure.

If today's drilling results were from near-surface they'd be OK but are at depths of 61 metres and more. Unfortunately at today's gold price, it might give a small team of 4 a good living with second-hand machinery if they were able to put mechanical problems right.. So worth something but probably not that much. Overall a bit disappointing though expectations were probably low by investors therefore so-so.
@@@@

On 22 February 2021, the Company announced the completion of a mineral resource and reported it as a Mineral Resource. The total Mineral Resource, for both Inferred and Indicated categories at a 0.5 g/t Au cut-off, is estimated at: 15.13 Mt @ 1.49 g/t Au with a contained metal content of 723 Koz Au. Macalder Tailings measured - • 68koz Au @ 1.7g/t.

AB has previously said the tailings are too far away to be processed in the short term - or words close to that.

[noirua] 21/3/2022 10:40

Jupiter Mines

Look to be moving up on the back of manganese prices increases. The target mentioned is 36c against today's closing price of 26.5c up 5%. Now is the time for producers, not explorers. That will change but such are the uncertainties in the world companies must have their stall out with products to sell.

[kemche] 18/3/2022 12:05

The first port of call for all those billions will naturally be RRR.

No stock available. All sold out.

[noirua] 18/3/2022 10:41

Cash positions among professional investors have hit the highest level since the peak of the Covid-19 stock market crisis in April 2020.
17 March 2022

[noirua] 16/3/2022 11:24

After so many years of frustration, Red Rock shareholders are looking for something like this from the company: Fevertree's total dividend for 2021 is 15.99 pence, up 2% on the 15.68p paid out for 2020. On top of this, it is recommending a special payout of 42.90p.

[noirua] 15/3/2022 09:22

So negatives and positives as AB loads up 2 million more shares in RRR to make a 4.8% holding plus options. Definitely, a person's own call on this one - good luck.

[noirua] 15/3/2022 09:01

Wealth_Creator et al. Red Rock shares would have to rise to 400p to 500p approx. a share to equal the peak which was about 21p. #TORP would know the exact figure but chooses not to post anymore...or maybe PJ knows it exactly as he was on board at the helm. Anyway, 0.425p to 400p would make RRR a 940 bagger - possibly a UK world record.

2011 --- 2011 --- 2011

Elsewhere, its 4 percent stake in Jupiter Mines declined in value, meaning the company’s “available-for-sale financial assets” declined to £14.7 million as of December 31.

2011 - 2011 - 2011
Annual Report and Accounts 2011


-----

The gold price has fallen away sharply which is a negative factor. Mind you a rise in Jupiter shares may well be timely if it gets back over 30c.

[noirua] 15/3/2022 08:55

Manganeses price jumps 11% taking Jupiter's shares up 9% to 25.5c.


There has to be some uncertainty as to how many shares RRR now has as some more may have been sold - we don't know for sure. Also as to how many are still held with POW shares for loans being repayed monthly since June 2021.

[wealth_creator] 15/3/2022 08:00

One suspects this is the prospect everyone is waiting for - a rise to 15p back in March 2011 - 688m shares issued then - Red Rock valued at £103m - currently £5.25m

Can it happen again ?

[kemche] 14/3/2022 21:58

£8,750 right there.
Whoosh!

[graylyn1] 14/3/2022 19:47

("Red Rock" or the "Company")

Directors' Dealings - Purchase of Shares

14 March 2022

Red Rock Resources Plc, the natural resource development company focussed on gold, with developing interests in copper, cobalt, and other minerals, announces the on-market purchase of shares by Andrew Bell, a Director.

Director Dealings

On 14 March 2022 Mr Andrew Bell, a Director of the Company, bought 2,000,000 ordinary shares of Red Rock Resources Plc at a price of GBP0.004375 per share.

Directors' Participation

The table below sets out the total shareholding and interests of Mr Bell in the share capital of the Company, following the share purchase:



Directors Ordinary Shares Total % of Options Warrants
Shares Enlarged
Issued
Share
Capital
Direct Indirect
Andrew R M
Bell 34,316,883 15,396,487 49,713,370 4.07% 25,880,000 -

[kemche] 12/3/2022 20:43

Has that not ALWAYS been the case?

[greekhovel] 12/3/2022 19:37

Noirua

The same can be said of most AIM junior mining stocks, one decent piece of news can offer multiple upside however, it seems at Red Rock lots of news is expected.

[noirua] 12/3/2022 11:43

Chairman Andrew Bell update on 10 March 2022:

It is very true that commodities are rising in price and Red Rock has some in the ground for sure - great. However, Red Rock has no commodities to sell so can not benefit from that unless they sell an asset - not so great.

It is a bit like having a shop that is empty. Customers arrive to buy bread, tea, etc. So you tell them we have lots of vegetables growing but not ready yet. Lots of prospective other products that will not arrive for some time if at all. Great say the customers we are pleased to starve hearing that splendid news. The owner says, you can pay now and await arrival. Or buy RRR shares as well as they also have excellent prospects. Be quick as AKA Kemche says there are none left but I believe you can buy loads. The question, "shop owner have you bought any"? The answer is, "what do you think", wink wink.

[kemche] 10/3/2022 13:58

Meanwhile no stock available as it is all sold out.

[noirua] 09/3/2022 09:48

There has to be a particular reason why the AGM is the last day of March when it is usually late January to early February. So 22 days left for news on the sum claimed from their partner at Musonoi, DRC.

Further news on Luanshimba, DRC is unlikely. News on royalties, the good news that is, is also unlikely. The IPO of Elephant Oil Corporation is dragging on a bit as is NBGC in Australia. The Kenyan drilling results so far have been quite disappointing. Shares in Jupiter remain close to their low point. Power Metal and Juno share prices have both plunged. The upside is the gold and oil price though no profits there if you have none available to sell.
Cash must be a problem and what the loan situation is and shares sold is the usual mystery that awaits the AGM pronouncement no doubt.

Will AB survive this time out? The odds are 50 - 50 with the largest shareholder of RRR 16.78% holding the key here. If he votes against with a number of others holding 1% or more he is gone. Taking all the factors over many years into account and if no very good news arrives the inevitable should occur.

[kemche] 08/3/2022 13:38

No such thing will happen. Stockholm syndrome live.

[grimreaper2019] 08/3/2022 12:19

Well Bell has failed to deliver the much touted shareholder value he 'promised' would happen in Q2 last year, complete failure, he needs to go.




AGM date was announced yesterday, 31st March @ 9am.

Shareholders wishing to remove Bell, Borelli and stop them issuing more shares need to vote 'NO' to resolutions 2, 3, 5, & 6.

Bell is resolution 2.

[graylyn1] 06/3/2022 16:12

MiningLamp, fully agree. Even if you despise A.B. the value is here and If he does not deliver soon!! the AGM is very close.

[kemche] 06/3/2022 14:58

"if one had a choice between buying POW (£18m m/cap) or RRR (£6m m/cap)"

Just imagine if the choice of companies to invest in was more comprehensive!

[mininglamp] 06/3/2022 14:46

It has gone quiet at Red Rock, probably a good idea given market conditions, it seems anyone releasing a RNS currently gets a immediate booting of the share price no matter how good the news is.

The one thing that would raise the RRR share price is a cash payment from the legal dispute in the Congo, a subsidiary of Glencore, RRR are pursuing at least $5m, they have won a number of court judgements so it is entirely possible this cash could eventually hit the bank account.

With oil at current levels and Namibia having a red hot oil discovery close to Elephant Oil it makes EO even more valuable from RRR perspective who hold a decent slice of shares, this stake could quite easily be worth $2m+ IMO.

In all nothing much has changed except market conditions, if one had a choice between buying POW (£18m m/cap) or RRR (£6m m/cap) right now I know where I would prefer to place my cash.

RRR looks astonshingly cheap.

[new_scally] 06/3/2022 02:07

kemche

Still here, you must have lost your shirt to be here for so long so often.

Never thought of moving on?

For all your negative posts you cannot say you have made any difference. One day this company will cease to trade all on its own.

[kemche] 05/3/2022 20:23

How many more successful adventures does he want to embark on FFS!

[graylyn1] 05/3/2022 20:01

#RRR EXPLORING WEST AFRICA’S GREENSTONES

The Opportunity in Burkina Faso 2022.



interesting read

[kemche] 04/3/2022 19:28

"Kenya might make it" Oh just come on now!